Centamin Share Discussion Threads

[arkouda] 19/11/2021 19:20

Gold price looking very shaky today. Could be tin hats all around for the PM miners next week.

[plat hunter] 19/11/2021 16:30

You don't need oilers, banks, bonds etc etc either 338


But in a world of correlation, they all matter

[system64] 19/11/2021 16:18

Gold should start to pick up as Tim but Dim and his cronies have left the building and the yanks will take over

[trader465] 19/11/2021 15:55

The only vix Prat knows is the vix his mummy rubs in his chest when he’s ill

[338] 19/11/2021 15:31

You don't need VIX to trade CEY when the VIX is still relatively low

[plat hunter] 19/11/2021 15:12

The VIX is a very important derivative to be people who value technical data

[stevedaytrader] 19/11/2021 14:59

All the vix os, is a measure of volatility - it doesn’t cause anything as doesn’t lead anything.
If the vix goes mental, it just showing that many have already lost money on at stocks - people who bail can be lucky but also get annihilated when it returns like post march2020
As for lockdown- of course Austria can’t rule it out, they’ve only got around 65% vaccine rollout - pathetic and there’s ur issue

[plat hunter] 19/11/2021 13:17

Banks and oilers getting battered whilst the VIX has started to bubble way.

[swinsco] 19/11/2021 13:10

Well I did at 102.5p. Could be an unwise decision as the Europe Covid lockdown story is gaining momentum.

[338] 19/11/2021 12:29

The market is expecting USD Index to drop down if Lael Brainard is selected to be the new Fed Chief... You can guess the direction of PoG after the announcement 📢

[spacedust] 19/11/2021 10:10

Yes its called yoyo

[system64] 19/11/2021 10:10

Barclays &Hsbc like to play silly games

[kennyp52] 19/11/2021 09:59

Banks playing games ?

[spacedust] 19/11/2021 09:59

Gold on the up

[spacedust] 19/11/2021 09:59

Market is tanking

[plat hunter] 19/11/2021 09:46

100.85 next

[plat hunter] 19/11/2021 09:46

Taken out as i typed it lol

[plat hunter] 19/11/2021 09:46

This has turned into a traders dream, fib retracement targets are getting taken out...102.10 next

[kennyp52] 19/11/2021 09:08

Spacedust .. you can tell you are worried .. your spelling has gone to pot 🤣

[swinsco] 19/11/2021 08:28

Still got 95p as a target price. I'd buy if I saw 102.5p

[plat hunter] 19/11/2021 08:23

102.75 today maybe

[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."