Centamin Share Discussion Threads

[martinfrench] 04/9/2020 09:55

umat,

i cant really see anything that he actually did, just disagreed with technical "analysis" which comes up here from time to time, and he is completely right that cey will be determined by the gold price and any other relevant news.

technical analysis only partly works and that is because people actually follow it which makes it self fulfilling to a certain extent, but its usually hindsight type analysis, not particularly good at predictions. you get the usual, "if it breaks this it will go higher, if not, lower", which isnt particularly useful.

most technical analysts spend most of their time flogging courses in it rather than making their own money in it.


what i suspect is tied up in all of it are the hidden mkt maker and general market moves that seem to make it work half the time.

[kennyp52] 04/9/2020 08:51

Umating ... he’s the real deal mate . Not worth the bust up boys .

[stevedaytrader] 04/9/2020 06:20

Kenny, there is also new permit news supposed to be coming up around mid Sept which could well impact. I suspect the tech/Dow sell off yesterday was a little nervousness around frothy valuations. Fingers crossed.

[kennyp52] 03/9/2020 23:12

CEY will drift on no news is the usual pattern but big moves up or down on POG will inevitably impact sentiment in the short term . The next real move apart from POG will be Q3 production report . If good then it is likely to strengthen the share price substantially ... if bad it will no doubt be tested (as normal). Make no mistake though the fundamentals are superb and the profitability and cashflow will be exceptional . Good luck everyone. I expect production to be good news given the higher grades they have moved into . Fingers crossed .

[stevedaytrader] 03/9/2020 19:03

Umat- again you just justified my plonker comment. A newbie on this board so not surprised- great to see you have wisely decided to leave this board, but to be sure that you don’t pop up on my feeds in any other boards, you have be awarded my honour of being only the third person I’ve filtered on all the years I’ve been a member, congrats 😀😀😀.

[stevedaytrader] 03/9/2020 16:57

Stop being a plonker Umat

[larry laffer] 03/9/2020 13:32

Needs some news to breakout as it’s rangebound at present.

Either POG needs to rocket/dive taking CEY with it

Or

Some earth shattering news on a new concession or an upgrade on existing sites.

IMHO it will bounce around 200-210 until one or the other happens.

Q3 results are too far away to have any effect yet good or bad.

[martinfrench] 03/9/2020 12:09

cey seems to hold very well between 200 and 202, almost invariant to the gold price moves, albeit smallish ones

further up the chain, extra cey gains need to be really bearnt, so kind of seems to me not only is 201 a great entry point, but also a firm base case level for current gold run.

[stevedaytrader] 03/9/2020 11:41

As I said, irrelevant- if pog drops so will cey, irrespective of any resistance levels- dollar drop and gold rise
go hand in hand. Next big move on gold
likely to be non farm payrolls tomorrow if figures differ wildly from
expectations

[kennyp52] 03/9/2020 09:40

Still think the market is being pumped too high in US

[stevedaytrader] 03/9/2020 09:16

Not really Umat- it's all about the dollar, gold price at the moment- not expecting any news here until ~mid Sept

[martinfrench] 03/9/2020 08:35

Done the same thing plat, when 12

What I think people don't realise after yesterday's overdone sell off is that even at 1900 levels, cey are in a ridiculously strong position

[plat hunter] 03/9/2020 08:32

I fell into nettes when i was a Kid, well say Kid.I was 19 years old and me and my mate decided to get one more drink in town and then leg it from the taxi driver.Needless to say i was very drunk, immature and Karma thought she'd teach me a lesson with a hidden knee high fence and a 6ft drop into stinging nettles.

[swallowsflysouth] 03/9/2020 07:06

That made me laugh Umatingytribe. You have a somewhat intriguing name.