Centamin Share Discussion Threads

[burt777] 18/11/2021 17:06

PM miners down all over , all gold shares down but should rebound tomorrow. Especially as golds looking for direction and will break out sooner or later to the upside.

[stevedaytrader] 18/11/2021 16:28

If I knew the answer to that question, I've have dumped the lot at 106 earlier today!
Can't win 'em all, tomorrow is another day.
Maybe someone else can provide a reason, I've been on a golf comp all day so not hunted for one.
GLA.

[338] 18/11/2021 15:49

(Kitco News) - Commerzbank commodities analyst Daniel Briesemann has picked up a narrative that some had been wondering about since the whole meme stock fiasco. The Reddit trading group did start to look at silver ETF's thinking that the silver market was dangerous under-supplied. Briesemann noted that the Silver Institute noted there is a supply deficit and he explains more in his latest report.

Breisemann noted "The Silver Institute published an interim report of the situation on the global silver market yesterday afternoon. Apparently, the physical market is set to show a supply deficit (of 7 million ounces) again this year for the first time since 2015. Overall demand for silver is expected to grow by 15% to 1.29 billion ounces, its highest level in six years, with all demand components contributing."

When speaking about real demand for the commodity he said "Industrial demand for silver even looks set to increase by 8% to a record high of 524 million ounces. This is being driven by the photovoltaic industry and electrical/electronic applications, which highlights the role silver plays in the “green” economy. Jewellery demand is also likely to be noticeably higher this year (+18%). It is investment demand that the Silver Institute expects to show the biggest growth in demand, however: it is set to soar by 32% to a six-year high of 263 million ounces. This is attributed to solid demand for coins and bars in countries like the US and India."

Lastly, on the fund situation, "Silver ETFs are expected to register inflows of 150 million ounces this year, which is less than half of last year’s figure. However, the Silver Institute’s expectation for the year as a whole implies that inflows in the remaining weeks of the year will need to pick up considerably. Though silver supply is set to be expanded by 5%, this will not quite be enough to satisfy demand."

There was some technical talk and in terms of price, he said "Silver has likewise regained some of the ground it had lost and is priced at $25 per troy ounce again. Silver has repeatedly rebounded from the technically important 200-day moving average in recent days. If it manages to exceed this threshold, silver could head towards $26 – our prediction for the end of the year – on the back of technical follow-up buying."

[spacedust] 18/11/2021 15:43

But why steve

[stevedaytrader] 18/11/2021 15:06

Yep - pretty all PMs the same today

[338] 18/11/2021 14:56

CEY is too cheap at 104p considering PoG > $1,850

[338] 18/11/2021 14:53

Strong support at 104p so far

[kennyp52] 18/11/2021 14:46

Closer to 110p than 100p ..coming soon .. :-)

[spacedust] 18/11/2021 13:07

Lodgeview "its over"

[plat hunter] 18/11/2021 12:11

Closer to 100 ;-P

[338] 18/11/2021 09:35

Closer to 110p 😁

[amanitaangelicus] 18/11/2021 07:28

Yup ...a key level ...

[saadia110] 17/11/2021 20:54

Just broken the 200 day MA, first time since June 2019, then it went on a run from 89p to 218p. Looks good so far...

[kennyp52] 17/11/2021 15:52

Glencore been doing ok..

Glencore plc
Ordinary Shares USD0.01
5600 375.05 21,002.80 10,608.40 10,394.40 97.98%

[swinsco] 17/11/2021 15:39

Looking good to break this 105p area.

[338] 17/11/2021 15:37

CEY playing catch up percentage wise with HOC... expecting 107p for CEY today or up 2.5%.... or tomorrow morning 👍

[338] 17/11/2021 15:31

and my HOC is getting closer to 200p 😀

[338] 17/11/2021 15:02

getting closer to 110p again 😁

[kennyp52] 17/11/2021 14:16

Point in question .. Trader465 .. he knows nothing ... you know as in ... "John Snow you know nothing" ... Trader465 knows nothing and his posts are pointless .

Permits needed to be more attractive and there was question that they may have to revise the CEY deal down to level out the playing field . Can't see that myself but you never know .

[338] 17/11/2021 14:05

trader465 seems to have sold his holdings and will miss the boat... CEY has moved up from 90p to 104 steadily... Next move up could be faster 🚀

[trader465] 17/11/2021 13:48

It’s just a sales pitch to sucker in muppets such as yourself

[trader465] 17/11/2021 13:02

“The new permits are likely to be less intrusive”


What makes you think the Egyptian mafia are gonna take a haircut?


If anything the mafias slice will likely grow with the gold price

[kennyp52] 17/11/2021 12:56

I am surprised at your ignorance Trader465 but to be fair all you do is look at charts .. then get it wrong . CEY's arrangement has been in place for many , many years .. the market is fully aware and it is priced in . Just think of it as a JV arrangement .. it was the only way Egypt was prepared to open up their gold fields. The new permits are likely to be less intrusive but we will see . Corrupt regime .. name one that is not ?

Just another pointless post from you Trader465 just to pass your lonely life away .

Oh and FCF is not AISC ... CEY will be very cash generative in this current year . Dummy .

Sad