Centamin Share Discussion Threads

[stevedaytrader] 27/8/2020 19:43

As I said earlier - gold swings- one thing is certain, as the dollar drops gold will rise- I remain a confident holder. Once the analysts/commentators get their teeth into what was said and what is to be believed, gold will continue its upward trend. i still don’t see a crash either, for the reasons I’ve posted over the past few weeks - fingers crossed for all holders

[stevedaytrader] 27/8/2020 19:43

As I said earlier - gold swings- one thing is certain, as the dollar drops gold will rise- I remain a confident holder. Once the analysts/commentators get their teeth into what was said and what is to be believed, gold will continue its upward trend. i still don’t see a crash either, for the reasons I’ve posted over the past few weeks - fingers crossed for all holders

[spacedust] 27/8/2020 18:41

So US rates held indefinitely yet gold declines. Just goes to show that they can do whatever they wish.

Dollar can go down 10% but gold will not. The more analysts keep ramping gold in articles and video clips the more i disbelieve the ramp. Sold out will buy back 110p

[stevedaytrader] 27/8/2020 16:40

It didn’t drop significantly- well not if you discount the big jump- one take could be i heard him say economy only struggling in certain sectors- else ok. Nothing said has changed my position. When gold is high relative to past performance which it is, it is subject to bigger swings on sentiment- I was watching a futures board and people got stung on gold

[azalea] 27/8/2020 16:31

If" Monetary Policy will be determined by whatever it takes to bring unemployment down", that surely must mean that Powell will continue to print trillions of dollars to bail out failing companies and keep the stock market as a whole healthy. In which case such actions must cause the dollar to weaken further, which in turn should result in the p.o..g to rise. So why has the p.o.g. dropped significantly?

[azalea] 27/8/2020 16:12

legg96
What is your view on the direction for the p.o.g.?

[martinfrench] 27/8/2020 15:39

U,

they can accomodate a certain amount of inflation because of the very weak currency, to a point, and they will go hand in hand.

Until everyone else devalues, then, yes, can create unemployment problems

[legg96] 27/8/2020 15:38

I`m afraid that Powell is just a common or garden banker.

[stevedaytrader] 27/8/2020 15:05

From 1940 to 1973 and to 1928 all in an hour

[legg96] 27/8/2020 14:54

Jay Powell has just thrown the Fed rule book out of the window. Inflation targeting is dead. Monetary policy will be determined by whatever it takes to bring unemployment down. Gold can certainly be manipulated in price day to day but the direction of travel is now clear.

[stevedaytrader] 27/8/2020 14:27

Policy change Martin- FED new approach on inflation, dollar dropping nicely. Fingers crossed- it will be a long couple of days so no counting of chickens

[martinfrench] 27/8/2020 14:17

gold flying....

[azalea] 27/8/2020 13:10

MM in CEY shares are so desperate to earn their commissions, the spread is down to a small fraction of 1p