Centamin Share Discussion Threads

[kennyp52] 23/8/2020 23:09

Thought you had me filtered ? Your posts were all massively in favour of POG rising then you bail the next day ... your a fraud and if that’s the way you invest I hope you lose the lot .

[martinfrench] 23/8/2020 10:43

There is a tube of toothpaste in my bathroom that knows more about gold than you.

Did you really expect gold to just rave to 5k and the story ends with a happy ending ??

Oh and btw it's not illegal to write a futures contract, vast majority net out before delivery anyway.

And your still here.....can't you start your own thread so you can get off in your own time to your heroes who also know virtually nothing ?

[azalea] 23/8/2020 08:37

kenny52
I have never lied in my posts here. IF I wanted to lie. why would I have posted that I had bailed out. Was that a lie too?. Hmmn. Not that it's any of your business,the reason I bailed out was due to the significant fluctuations in the p.o.g. which until recently, I could not understand. I have now learned that a number of people working for a major U.S. bank are now being prosecuted for manipulating the p.o.g by selling thousands of futures contracts. That said, there are several analysts on You Tube, whose charts are predicting a significant retrace in the p.o.g. before returning back up, with others predicting more volatility between now and January 2021.
Add to that the delay and uncertainty of the size of the second stimulus package, the recent FOMC minutes, the very important speech by J.Powell on Thursday, and the weekly unemployment numbers on the same day, I am happy to keep my powder dry. Whilst any notable retrace in the p.o.g. might make CEY share price look a good buying opportunity, its a judgement call.
Given that the ultimate direction and level reached by the p.o.g. will be dependant on the value of the dollar and people like Stephen Roach, Alasdair Macleod, Charles Renner, Andrew Maguire ,et al. who know more about the the subject than you and I will never know, forecasting p.o.g. between $4000 -$10,000 in the next two years, it might give you a clue, why I have reiterated their predictions. So, ill informed people like yourself, should think twice before calling people liars, whilst hiding under the cloak of anonymity.

[redbaron10] 22/8/2020 22:35

It would probably end up as a turkey-shoot tbh

[martinfrench] 22/8/2020 21:45

Always wary of new posters posting so frequently. They always disappear and hopefully that moron has.

Oh yeah, really believed his idol on the price of gold.

Oh and the bs of just got back into trading after many years, yeah right.

If it appears again it gets both barrels

[redbaron10] 22/8/2020 19:08

Yeah.Weird one that.Why not bale at 232p which CEY share price jumped to, instead of the eventual 206p? My maths isn't great but 232 is a lot more than 206.

[kennyp52] 22/8/2020 18:56

So Azalea has posted for weeks gold is going up massively .. even as much as $5000 ... but has sold out . 🤷🏻
No wonder he filtered me ... I knew he was a ramping liar from day one !
Darren and baron .. excellent posts and have always felt that predictions of $5k POG were ridiculous . I still think the markets are being pumped and POG will be volatile but for CEY a consistent POG of $1600 for a couple of years would be hugely profitable and cash generative giving the company the chance to get on with the solar plant and bring some of the other resource into production or even snap up another junior . POG holding $1800 plus gives a substantial dividend and potential decent rise in share price . Either way CEY is a good hedge but we don’t need another crash as everything is likely to go down as it did at the start of Covid . Good luck .

[redbaron10] 22/8/2020 17:09

darrenp746.Thanks for that.Your contribution articulates a lot of what we're witnessing right now.We know why pog is behaving as it is with zero or negative interest rates,QE and money printing by central banks,falling bond yields and the relative depreciation in the dollar.The big unknown is how much the market is prepared to discount or fundamentally ignore what is happening at a macro level.Are markets prepared to tolerate this with the US presidential election nearly here? I surmise for all his faults,Wall St would prefer a Trump re-election rather than Biden getting in.Trump is pro deregulation and is very keen on a low interest rate environment.Biden is a bit of an unknown,but i'm sure tax increases and more regulation is on the cards with him.'It's the economy,stupid' helped Clinton get elected,and i believe if the economy can be perceived to be in better shape than it really is through US workers' pensions and $401k's with a booming stock market,it will inevitably help Trump's cause.I think this pretence will be maintained to a certain extent until Nov 3,election day.Trump certainly doesn't want a huge drop in the US indices before then for obvious reasons.After that,and whatever the voters decide,we will have a better picture.Gold $2000 at year's end?Imo probably.But who knows?

[darrenp746] 22/8/2020 16:07

August 20, 2020
Research Highlights:

With Gold trading above $2,000 for the first time and Silver trading near $27.50, you need to understand the risks in the markets that precious metals are warning of.
If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.
We believe the upside potential in precious metals could drive a very wide sideways market rotation, similar to what happened between 1999 and 2011, over the next 3+ years that may catch many off-guard.
Over the past few weeks and months, my research team and I have been actively publishing this research to help you better understand what is really happening in the markets right now. With Gold trading above $2,000 for the first time and Silver trading near $27.50, skilled traders need to understand the risks in the markets that precious metals are warning of. Think of it like this, as long as Gold continues to trade near or above $1900, the risk levels in the global markets are at extreme levels for traders and investors. If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.

[redbaron10] 22/8/2020 10:50

For most global economies now, it is all about consumption via consumer spending that keep economies going.Of course if central banks keep printing money,and governments keep doling it out to all and sundry then this economic illusion can continue.But for how long? Asset prices are being inflated in a deflationary global environment.It can't go on indefinitely imho.Something has to give.Regrettably i think we're all going to know somebody, be it friends or family, who has lost their job after all this is over.

[redbaron10] 22/8/2020 08:53

I think it is a bit premature for some on here to be talking of the demise in the pog.This pandemic and the global economic disruption (apart from maybe China now) is still in evidence and a vaccine isn't reliably available yet.The Fed's annual meeting in Jackson Hole takes place next week so let's see Jerome Powell back up the minutes from the Fed July meeting and introduce some reality into the state of the US economy instead of this blind faith the markets seem to have that everything will turn out alright.

[grahamburn] 21/8/2020 19:40

Larry

Thanks for reminder about last year. Forgot that.

I have done the rough calculation based on sterling/dollar rate yesterday, but just wanted the finite rate from the horse's mouth!

[martinfrench] 21/8/2020 15:51

Phew, Am I glad that I got out at 206p+, this morning. I think the p.o..g is heading for sub $1900, with even traders and speculators getting their fingers burned.

have you dumped your best mate alistair mcleod for now then ?? bit fickle

hopefully now you've sold you will disappear

[larry laffer] 21/8/2020 15:37

Graham......no I don’t think they put it on the website separately last year either.

Providing things don’t get too volatile just get google to do the math for you. It will be near enough.

[redbaron10] 21/8/2020 14:41

It's interesting to read how many posters on here are heavily into cash positions.There doesn't appear to be any momentum in ftse stocks, so relatively little investment is going in there it appears.(There may indeed be withdrawals from share investing).Imho,because of the stamp duty holiday on property up to £500k,people are investing back into property for a return on capital.Dividend income has been slashed for this year in ftse companies and people are scrabbling for some yield anywhere.Also with a short term 'hot' property market created by the stamp duty holiday, there might be some capital appreciation to be had.I know it's purely anecdotal evidence but here in Cornwall where some property had been sitting on agents books for eighteen months to two years,when i look online now a fair bit of it is now 'sold stc'.Have other contributors seen local demand for property in their areas as a matter of interest?

[grahamburn] 21/8/2020 14:29

Anyone seen the sterling exchange rate for the dividend which was due to announced yesterday? It does not appear to be in the company website.

[martinfrench] 21/8/2020 14:08

phew, am i glad i realised you were a complete ramping idiot from day 1

[adyfc] 21/8/2020 13:27

Phew, Am i glad i got in at 206p+, this morning. I think the p.o.g is heading for $2000+, with more traders and speculators getting in on the action.

[plat hunter] 21/8/2020 13:27

Was busy here last night wasn't it lol

[azalea] 21/8/2020 13:11

Phew, Am I glad that I got out at 206p+, this morning. I think the p.o..g is heading for sub $1900, with even traders and speculators getting their fingers burned.

[babycheeky] 21/8/2020 12:20

Oh dear sonny you really don’t understand do you. No cure for stupidity.

[geckotheglorious] 21/8/2020 12:18

Son?

Yawn the rest is just utter pompous vapidity.

Bore off.
Filtered.

[babycheeky] 21/8/2020 12:14

I see what you are getting at son but you have not understood what is controlling. You have missed vital and controlling fact when you work it out you will understand. I’ll leave you with that.

[geckotheglorious] 21/8/2020 12:11

Yes, let me know when you're ready to start!!

UK national Debt now £2trillion+

US national debt continues to soar.

Ditto Japan. Ditto much of Europe.

Money printing continues incessantly.

Gold only goes one day over the long term.

The Debt bubble will inevitably burst - not a question of IF, but when.