Centamin Share Discussion Threads

[azalea] 28/8/2020 07:19

The DJIA opened strongly yesterday up 258 pts, but ended up 160 pts. For the first time since the 18/8, the Nasdaq ended up in negative territory -39 pts. with the S&P up a mere 5pts.
Given its Friday, ,the Gyrations in CEY share price and the p.o.g., I find it difficult to gauge where both are going to end up at the close,
There are conflicting opinions about whether J.Powell would cut interest rates.Will he keep the prospects of a cut firmly on the table, Some say he will avoid a further cut, IF he were to cut the rate to shore up a faltering stock market, to where I ask myself, to 0%, or to negative interest rate?.

[martinfrench] 27/8/2020 21:39

Wrong again Azalea, just goes to show your ramping agenda, bending everything towards gold rising.

Monetary policy is primarily for inflation, with some spin off for indirect unemployment.

Rather, unemployment is considered mainly a structural and fiscal area, especially when the natural employment rate is being faced by first world countries

[geckotheglorious] 27/8/2020 20:30

Umatingytribe
Post 39590
"Gecko ... prat"

Yawn bore off you obnoxious twit.

"Low paid, carp conditions, neo vile policies - yeah they.ve got a job - with pi## poor working conditions"

Better to have a job than NO job.



"You have zero clue , not well read. Simples numbnuts. ps Enjoy your Daily Mail comic and Telegraph Beano"

Have more of a clue than you. Don't read any of those papers fyi. Nice try dopey.



"The mean income gap between rich n poor ,in the USA and UK is awful, when compared to most of the Eurozone for instance"

For a reason...much of it mass unfettered migration you will find that has compressed wages!!!!!


"Proportional representation, union negotiated fair wages ( done for years) and you see the difference"

Union negotiated fair wages.
Socialism then...

Name me a successful socialist country (and no, Scandi countries arent socialist)



"No wonder Germany is miles ahead of incompetently led Britain.
I.ve no left wing loon either, just a bleedin heart Tory"


You don't sound a Tory.
A remoaner no doubt.

[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