Centamin Share Discussion Threads

[azalea] 06/8/2020 08:06

With a variety of obvious elements contributing to the U.S. economy beginning to collapse, the gold march has only just begun. There may be small dips in the p.o.g. but they will simply be part of an upward trend.

[redbaron10] 06/8/2020 07:56

The gold march doesn't appear to have abated just yet.US non-farm payrolls tomorrow.

[bocase] 06/8/2020 07:43

Azalea: I think you are spot on there. Totally agree with your analysis.

[azalea] 06/8/2020 07:41

When, not if, as analysts at two major banks have forecast, the U.S. stock market will crash this year, then with a further weakening dollar brought about by the F.R. printing a 1-2 trillion dollars to finance the second stimulus package, investors will only have one place to put their money and that's in gold. Market commentators
are pointing out that the current rises in market indexes is largely due to just a handful of tech giants and even they have their limits. When their earning level off, let alone decline, that will send a signal to investors that its time to sell.

[stevedaytrader] 05/8/2020 21:17

Still free :-)

[hedge66] 05/8/2020 21:12

Years back these were free of stamp duty. Has it changed?be Having sold today I'm putting a limit buy on which is adding stamp duty.TiaPs glad to see some old names from the really early days whose patience must have been rewarded.

[stevedaytrader] 05/8/2020 19:31

The problem here is Chris, and I’ve posted this a few time’s before over past few months, there are winners and losers. As companies go under, strong ones gain market share of a current reduced market, but as the pandemic is seen as temporary will rise very strong, and be much better off as pandemic eases and market returns. Equally, QE is a massive help, companies borrow at low rates. People get zero for cash holdings so where do they put their money- equities mainly. I’m not saying there will not be another drop like March, but what i can say is that if i’d listened to all those commentators/analysts since
the big drop ~28% across the board, I wouldn’t have made the massive gains since. As to when it’s wise to pull out- who knows , we all do the best we can. For now, enjoy the moment on CEY and fingers crossed for a 2040+ opening on gold at uk opening and we continue to climb...

[chrismcglone] 05/8/2020 17:51

Sg31, yep, try pushing against a rising tide at your peril. Although I’ve held these for circa 20yrs now, I have always ‘traded’ them to a degree. But not for a good few years. I might just be tempted to take half of what I’ve got off the table and wait for things to cool off.

Pedr2, I’m convinced there will be another big correction in the global markets. Just far too much bad news to come off the back of Covid. That said, CEY has become the company many of us hoped/predicted all those years ago and a market crash doesn’t change that.

So the only certainty I am comfortable in predicting is that at ‘some’ point in the future, the CEY share price will be a multiple of what it is today. I don’t really care if it takes another 20yrs to get there. Somehow, I think my wait this time around won’t be quite that long.

[stevedaytrader] 05/8/2020 17:14

Wow- what a day- well done all holders and those that went back in yesterday :-). What will gold do overnight... fingers crossed all

[azalea] 05/8/2020 16:53

Peter Schiff

" Gold breaks new milestone at $2000. New thousand dollar milestones will start dropping like dominoes. Keep buying gold"

"U.S debt is 154% of GDP. Only Greece and Japan are worse. Data out tomorrow could further weaken the dollar".

[redbaron10] 05/8/2020 16:30

As Del Boy might say....we've had worse days.

[redbaron10] 05/8/2020 16:19

Cheers.Every little helps.That's Tesco,sorry,not in them.

[martinfrench] 05/8/2020 16:09

red,

guy on lse was right, historical multiple of platinum to gold is 1.302, with a 62% correlation in price.

I will find out from my data when the ratio started to break down and post on the SLP board.

[redbaron10] 05/8/2020 16:02

I'm not plugging PGMs.Dyor please

[redbaron10] 05/8/2020 16:00

Googling it,apparently platinum is 30x rarer than gold for correction

[redbaron10] 05/8/2020 15:57

Yeah historically platinum because it is about fifteen times rarer than gold (from memory i think it's about that) Pt, was for the majority of time, more expensive than gold.And because the major PGM resources are only to be found in Russia and S.Africa there is quite limited supplies to be mined.It is rare but the World platinum council have trouble in redefining the metal for serious investment purposes.If people want a commodity to store value they will pick gold.

[redbaron10] 05/8/2020 15:48

Sorry.Had my rant for the day.It still annoys me even now that governments colluded in encouraging people to buy this supposed 'cleaner' diesel technology.Even reduced diesel prices as an incentive.

[redbaron10] 05/8/2020 15:45

Daimler and VW did Platinum a massive favour when they lobbied that diesel vehicles were a lot more environmentally friendly than CO2 emitting petrol vehicles.Funny how that worked out with the nitrous oxides and particulate pollutants that prematurely reduced the life expectancies of some of those people suffering respiratory illnesses like asthma from diesel emissions, allegedly.Not to mention the software malpractice of VW with their emissions fudge.And who here has been compensated yet for being encouraged to buy a 'cleaner' diesel vehicle by our government? Not many i bet.

[astjgroom] 05/8/2020 15:35

But if a jump today, would expect some profit taking

[rose_by_another_name] 05/8/2020 15:20

There was a time long ago when platinum was used
to counterfeit silver.