Centamin Share Discussion Threads

[arja] 12/8/2020 07:55

auction suggests I was possibly wrong but much can change in next 6 minutes ! gold went up more but now stalled

[arja] 12/8/2020 07:48

gold price recovering since about 7.10am which was time OZ market closed after closing auction . But not enough to prevent CEY and the goldies opening lower . But weird situation in OZ where some gold stocks closed near high for the day such as SBM .

[stevedaytrader] 12/8/2020 07:29

FTSE and DOW futures flat/marginally up, nikkei and hang seng up overnight and now. Gold at ~1898 after low of ~1865 ~05:28GMT - at 02:00 gold had bounced back to ~1920 before big drop. Be good to jump over the 1900. Fingers crossed for all holders

[azalea] 12/8/2020 07:08

Putin said his daughter has been injected with the new Russian vaccine, so what, she is not infected with the virus. If she was exposed to the virus will the vaccine protect her from getting infected?

[amaretto1] 12/8/2020 07:03

Gold getting hammered again

[plat hunter] 12/8/2020 06:58

Well looks like I called it wrong again here, like I always do.Think, I'm going to regret yesterdays buy

[astjgroom] 12/8/2020 05:10

Proper shakedown, all on the back of a Russian cure! :-))))) anyone would think global economic data is Rosie

[plat hunter] 11/8/2020 23:32

Kenny... 100 dollars off gold in one day is nothing to a producer who's earnings are judged on average values

[plat hunter] 11/8/2020 23:23

Possibly not..gold looking very bullish again now on the 1, 5 and 15 and in breakout... the 5hr has a 3 bearish soldier followed by a long lower shadow too

[arja] 11/8/2020 21:16

maybe not but mood suddenly bearish and gold is now down $30 from where it was at UK close . sadly looks like another down day for gold stocks in UK and in OZ and for those holding stock as a long term investment it is never a bad idea to use a CFD for shorting the stock as a kind of hedge until uptrend resumes .

[plat hunter] 11/8/2020 20:46

Fact is arja... Nothing fundamentally has changed

[arja] 11/8/2020 20:10

US indices have succumbed to profit taking and off quite a bit from earlier high which
is helping gold to recover a bit .

[kennyp52] 11/8/2020 19:21

Coronavirus: 445 of UK's biggest firms have cancelled, cut or suspended dividend payments

This looks like a classic pump on the back of Russian coronavirus vaccine into risk on to be followed by a dump later in the week and recovery for safe haven ? We will see .

[phillis] 11/8/2020 19:20

Punters rushed to buy and Instis saw them coming and sold profitably
It was ever thus!

[arja] 11/8/2020 19:14

it's all about a risk on situation because the dow and us indices are roaring in anticipation of further stimulus I suppose . I guess covid 19 is the key .
gold still in this short term downtrend but has retraced about 50% from the recent high point and could well turn soon. Worst case scenario is back to breakout point of 1800 to 1810.

[stevedaytrader] 11/8/2020 19:06

Kenny- I would say the Vaccine in Russia plus the FED will not move to negative rates I guess... and as for the gold rampers, most were saying that gold will rise at the expense of stock markets crashing, but the reverse has occurred today. Interesting rampers absent today- I must admit to being caught out today on gold- fingers crossed for tonight and the opening that gold doesn't fall further or starts to show recovery.

[kennyp52] 11/8/2020 18:59

You reckon Plat ? 1 bad day but POG still showing a downward trend . As someone else already listed .. if it goes to $1850 & holds CEY are printing cash . I wonder if the POG rampers can explain the current action .

[plat hunter] 11/8/2020 17:18

Gold's just booked in a 3 bearish soldier on the 5hStrong bullish signal

[stevedaytrader] 11/8/2020 17:06

If you look around the web, you can pretty much find every and any permutation of prediction to support any scenario- good luck to all holders and fingers crossed :-).

[r9505571] 11/8/2020 17:06

Thanks for this. Getting hammered atm as everything is in an investment account and I'm getting taxed at 50% on everything I make! Is best tactic to get the biggest holding into an ISA or put lots of smaller dividend stocks up to £20k pa into it? Any advice appreciated.

[umitw] 11/8/2020 16:39

Read my post on #39108

[umitw] 11/8/2020 16:36

No, it's the analysts expectation not mine.It was said last week, I think on Friday.Asia was selling gold at a $70~80 discount.