Centamin Share Discussion Threads

[redbaron10] 31/8/2020 16:29

I wonder how the Trump towers are doing? He's in property...commercial and retail estate.I don't suppose if re-elected he wants to be seen filing for bankruptcy.Don't know much about his businesses.Does anyone for that matter?

[redbaron10] 31/8/2020 16:28

I wonder how the Trump towers are doing? He's in property...commercial and retail estate.I don't suppose if re-elected he wants to be seen filing for bankruptcy.

[azalea] 31/8/2020 16:07

The U.S. housing market's appearance of being in good shape is reportedly due to buyers leaving cities, borrowing cheap money to buy/build houses in much cheaper localities then defaulting on expensive rentals they are paying for apartments in the city.. New York city has suffered a mass exodus of renters, with landlords unable to sell their properties, but still having to pay their mortgages, taxes and maintenance costs. Timber prices have soared. Commercial properties- major stores and malls etc, in NY, are reportedly closing left right and centre due to massive reduction in people visiting their stores.
Even when in years to come interest rates start to rise, buyers of houses today, will have to pay more in mortgages costs but they will gain as the value of their houses increase.

[redbaron10] 31/8/2020 15:51

Yeah it's primarily the parabolic rises in the big tech sps that we're witnessing.Apple market cap $1T two years ago,now $2T.$3T to come then $4T? Already Apple's market cap is equivalent to giving around $300 each to all 7bn people on this planet.I've read about these new 'Robin Hood' retail investors new to the market.Poor suckers,they think stock markets and stock prices can only go in one direction.A classic Ponzi scheme.Feeding more money in at the bottom to keep the sham facade going.We had the stock market melt downs of 2008 and March 2020,although this year's has recovered in the US to per-covid levels.One day we'll have another meltdown but the markets won't recover to the same extent.You only need to look at the banking sectors of individual countries and their stock market performances to ascertain the state of individual economies.A normal functioning,healthy banking system reflects a healthy economy.Where do you see a robust,healthy banking system anywhere?

[shayadfn] 31/8/2020 14:51

I remember back in 2006 and 2007 the US housing market was super charged as a consequence of low rates and easy lending criteria, then in 2008 the cracks started to appear and consequently a crash followed. The low rates were due to the crash of the 'dot com' bust on 2001, as well as the war in Iraq in 2003. Most of the analysts didn't see either the 2001 and 2008 crash coming (I was an investment adviser at the time). I understand the current upward drive in the Dow is partly driven by retail investors ( a new type of brokerages have opened up in the US nicked named 'Robin Hood' sucking in a lot of novice traders). I suspect a lot of people will get hurt when the markets turn. Note the bigger issues are around consumption (demand & supply), when furlough money ends for a lot of employees, will they have a job and income. Will they have a roof over their heads when the moratorium on eviction ends? I agree with you redbaron10 that some of these retail investors may sell down gold (if they hold any, probably in etfs) and hence pog will be bid down. This is why it would be wise to hold some cash when this happens to buy. It is an error to think that the upward move in the US stock markets is indicative of the state of health of the US economy.

[redbaron10] 31/8/2020 13:30

I see Alex Brummer in the Daily Mail today considers the Fed chair has indirectly done Trump's re-election campaign a favour with the Federal Reserve's actions.Loose,easy money to supercharge investment into the economy to negate some of the inevitable job losses.'It is about the economy,stupid' has proved successful before as a US election campaign slogan.If the US housing market is any measure then the economy seems ok at the moment.The danger for pog is the appetite for riskier investments with this easy money on offer will probably increase, and the degree of leverage in search for yield/returns in a low-interest environment,could derail gold if the stock market goes pear-shaped again and gold is sold off for its easy liquidity to fund positions or margin calls as we saw in March.If or when this might occur is the big unknown.

[plat hunter] 31/8/2020 12:00

Martin, I suspect that's because JLP is SLP on steroids, the cashflow and pipeline is insane.


JLP have have been out building a collection network for the last 5 years... Whilst SLP as good as they are, seem happy with their lot.

[martinfrench] 31/8/2020 11:06

Kenny,

Why do you consider jlp a heart attack stock

[azalea] 31/8/2020 08:30

Yes, the NHS is the flagship of the UK social welfare system. The Opiod crisis in America has killed more people than C-!9 is like to ever kill in that country.

When one thinks of the astronomical amounts of money America has spent and is going to spend sending people AGAIN to the Moon and what is already being spent of sending mobile research vehicles each costing a billion dollars simply to find evidence of past/existing microscopic life on Mars followed by sending humans to live there a planet whose atmosphere cannot support human life, whilst people on this planet are dying in their millions from disease and starvation, I can only conclude that the leadership from Kennedy's time in office need certifying.

[redbaron10] 30/8/2020 08:06

Unfortunately if you don't provide a proper safety net in the way of a welfare system or social security programme this is what happens.The US do provide food stamps for the most vulnerable and needy but the extremes of income inequality over there are truly shocking.We are by no means perfect ourselves but i like to think we give people some dignity and help to those in need.We at least have a universal health system which is a big advantage.

[azalea] 30/8/2020 07:47

After listening to the commentary and reading of the staggering statistics on a You Tube programme titled, '15 Facts That Prove The U.S. Economy is A Complete And Total Disaster Zone At This Point'; it suddenly dawned on me that today, success(making a profit) from investing in gold and gold stocks, is largely dependant on millions of Americans, through no fault of their own,loosing their jobs,homes and ability to put food on the table every day to feed themselves and their families.

[redbaron10] 29/8/2020 22:14

For a rapid breakdown in social cohesion look no further than some cities in the US now.Crime in Chicago has spiralled for example.

[redbaron10] 29/8/2020 22:09

I agree we've had demos against covid and BLM and XR and Brexit and Trump and so on.I just don't remember the Germans getting exercised too readily to want to go out and vent their frustration the same way we do and in other countries.I think it significant the timing and the subject of the protest.Some underlying sociological factors have come to the fore during lockdown.The citizenry are asking more searching questions of their leaders.They are no longer ready to accept and believe what they are told and trust is becoming an issue now,even in Germany.That is dangerous for democracies imo.Social breakdown has nasty consequences.

[redbaron10] 29/8/2020 20:47

By the way.Happy bank holiday everybody.Don't want to be a killjoy.

[redbaron10] 29/8/2020 20:43

Blimey.Protests in Berlin.When was the last time Germans protested or marched against anything? Ok don't answer the second part of that question.Let's not go there.As Basil might say....Don't mention the...Anyway something is stirring.You half expect demonstrations from the French,Greek and Italians (i know a gross generalisation but just for the sake of argument to make a point ok) they feel they are poorly governed,believe their politicians to be corrupt and they have less respect for authority.For Germans to feel that agrieved and want to take to the streets we may be witnessing a significant sociological change brought about by this pandemic.In the heart of Europe we are seeing Germans protesting at the legitimacy and power of their democratically elected government.It might be something,it might be nothing.But as history has proved once populations get a taste for protest it doesn't usually stop there.The Arab Spring being the last big seismic event.The masses are beginning more and more to question.There is general unease everywhere.Civil disobedience isn't far off imho.Economies are teetering.

[shayadfn] 29/8/2020 19:55

kennyp52, I guess £3million is more than enough,if it is money one wants, the question arises what to do next. I set a target of 10million when hit 2million. I want to see how close I can get to it. I'll probabaly give the money away to family and charity. I have a very few needs in life, good health and a functioning brain along with books to read. I share price is stuck between £2 and £2.10, bear in mind we have past 2 thirds of the 3qtr, with the gold price averaging above $1900 per once, so I expect the 3qtr earnings to significantly up. If the gold price stays up and goes above $2000 per once in the 4th qtr, the I expect the divi for the full year to be near 10cents per share or above, ( divi for the 1st of 2020 on 11th sept expected over $96k) I may be adding to my haul in cey or another gold miner, as it appears my hgm has been bought out at £3.00 per share. I was hoping that hgm would go well beyound £3.00, but that's life
(it was another heart attack inducing stock).
Please note this NOT an encouragement to buy, sell or hold and of the shares mentioned above.

[kennyp52] 29/8/2020 17:39

ShayADFN .. great to hear someone else having faith in CEY . I bet the dividends in that time are also substantial . If you don’t want a heart attack 💔 then I make it you can turn those shares into in excess of £3m cash . Is that not enough to do all of the things you want in life and not keep checking the share price every couple of hours ? Either way well done and can I ask for your view on the next move in the share price ?

[redbaron10] 29/8/2020 16:50

Also there is the added fact that if the Republicans lose Congress and their maj in the Senate(which seems possible)then there will be total gridlock in Washington.Great for gold imho

[shayadfn] 29/8/2020 15:46

Umatingytribe I'm just lucky in trading, although I trade everyday,as well as a broker who allowed a large credit to allow me to trade on T20

[shayadfn] 29/8/2020 14:31

I agree with you redbaron, the global economic picture looks gloomy, Wall street seems to be on a different planet. The US electorate seems to view Trump as a massiah and we all know what happened to Brian!

[redbaron10] 29/8/2020 13:36

Imo avoiding all the political arguments about the suitability or otherwise of Trump being president,purely as a PM investor, i would prefer a Trump re-election.He has consistently advocated a low-interest environment to stimulate economic growth and a dollar depreciation wouldn't unduly concern him i don't think.It is all about job creation,loose money and a bouyant stock market.That is what he judges himself by.As for the US deficit,he is not bothered adding a few trillion here or there.Look how he runs his businesses.It is borrow,borrow,borrow.He will criticise and blame the Fed as usual and Powell knows that raising rates from here will be very difficult with Trump as president even if inflation starts rearing its ugly head.In his 2016 campaign he talked about a huge infrastructure spending bill to rejuvenate the US's crumbling infrastructure.We haven't seen any of this.The new airports,bridges, freeways etc.This all has to be bought and paid for over the long term when accumulated debt is amassing everywhere.Bad for the dollar in the medium and long term i believe.There is also the thorny matter of Sino-US relations going forward.Trump will be emboldened if re-elected and the tension will surely ratchet up against China.Not a great global picture for peace, or anything to celebrate, but you do have to be realistic about these things.Pog movements on 4/11 are going to be fascinating imho.