Centamin Share Discussion Threads

[ken tennis] 25/2/2019 12:09

KENNYP I baught back in this morning after selling out Friday but will wait till dust settles before I take any more. But really glad I pulled some out Friday.
ATB Ken

[dt1010] 25/2/2019 12:04

Yes and with a gold boom in the offing it won’t be a series of massive sell offs either

Centamin has zero debt.

No reason to sell now.

Every reason to buy the dip.

[borisjohnsonshair] 25/2/2019 12:02

Price oscillations dying down, which is followed by big move in one direction.

[wbecki] 25/2/2019 12:00

”Newmont Says Rival Miner Barrick Gold Has Bought a Small Stake”
Barrick proposes to make it easier for Newmont stock owners to call a meeting, a move that comes ahead of a potential hostile bid

Newmont Mining Corp. said Sunday that rival miner Barrick Gold Corp. has taken a small stake in the company and proposed to make it easier for Newmont stock owners to call a shareholder meeting, a move that comes ahead of a potential hostile bid by the Canadian company.




Barrick calls for Newmont shareholder proposal after bid consideration
The US miner said Barrick, which owns a small stake in Newmont, intended to propose to shareholders that the threshold to requisition a meeting be lowered to 15 per cent from 25 per cent.

That comes after Barrick last week reviewed making a nil-premium all-share approach for Newmont, a $19bn deal that would create the world’s largest gold miner.

[spacedust] 25/2/2019 11:48

Where is this barrick news

[bocase] 25/2/2019 11:42

Re. Platform problems. I would recommend IG Markets. Great platform and mobile app. Been with then for 15 years. Never had any problems.

[bocase] 25/2/2019 11:41

Re. Barrick. Thanks Podgyted.

[dt1010] 25/2/2019 11:36

Have learnt it’s always best to phone the broker rather than try to get a quote online first rhing

[martinfrench] 25/2/2019 11:30

in again for 5k, this should bounce i would think to 112-115 short term, poss this afternoon .

couldnt sell my remaining 4000 due to lovely broker platform problems, great timing.

[dt1010] 25/2/2019 11:26

This will shoot up when the market sees the 200 mda is support and the reaction is over done

[wbecki] 25/2/2019 11:25

Meh, struggling to buy through II at the moment.

[garycook] 25/2/2019 11:15

Breaking news on Bloomberg.Barrick makes offers to buy Newmont in an all stock deal

[tsmith2] 25/2/2019 11:12

Seems to have found a floor. Very tempted

[bocase] 25/2/2019 11:09

Yes there was talk of a takeover of Newmont by Barrick on Friday and Barrick Gold shares fell slightly. Seems they have only bought 1000 shares of Newmont.

I am not aware of any more news today.

[dt1010] 25/2/2019 11:08

Look at this as an example written by management of another gold stock I own, Seabridge Gold:

› Shareholder Reports
Go Back
Read More:



GOLD MARKET FLASH NOTE
Thursday, 31st January 2019
The FOMC Opens the Door to a Higher Gold Price

Yesterday's FOMC statement and the subsequent news conference with Chairman Powell removed the last significant headwinds for gold. We think that a new bull market for gold is about to commence.

Essentially, Chairman Powell trashed the Fed's forward guidance of the last several years which he had enunciated as recently as October, 2018. There is now no commitment to a forward path to 'policy normalization' that has been the developing Fed narrative since ending QE in November, 2014 and its first of eight rate hikes in December, 2015. Over the past few years, this narrative has substantially strengthened the dollar and raised real interest rates, two factors which have traditionally translated into pressure on the gold price.

According to Chairmen Powell, rates can go up or down and the balance sheet can expand or contract based on the economic data. We have now returned to Alan Greenspan's data-dependency.

Why this sudden and far-reaching change in direction? There can be no other rational interpretation than the Fed's fear of a stock market rout which we got a taste of in December 2018. Powell argued yesterday that the Fed continues to believe that the US economy is strong. For months now, the long end of the Treasury market has disagreed. He noted that "the case for raising rates has weakened" but provided no convincing economic data to support this claim.

Powell also stated that there is now need for "an abundant reserve" for the banking system compared to the past and that future interest rate changes would be administered by the Fed, not managed through changes in the quantity of reserves. He confirmed that the Fed had returned to use of the Fed Funds Rate as its main monetary tool.

We think the Chairman knows that QE creates asset bubbles and that is why he was a firm advocate of policy normalization. By reversing field, he has proved what we have long suspected...that QE is another Hotel California: "You can check out any time you like but you can never leave." (hat tip to Lance Lewis of dailymarketsummary.com)



In our view, balance sheet expansion (more QE) is now more likely than more Quantitative Tightening despite the fact that we can now say with certainty that QE is strictly an asset bubble machine, not a support to the real economy. We will provide our evidence in following commentaries.

[wbecki] 25/2/2019 11:07

BJ

What's the Barrick Gold news?


The stake in Newmont?

1000 shares?

[bocase] 25/2/2019 11:04

Wow DT. That is a very bullish price projection.I hope you are right. I agree with you about QE though and think we could easily see gold at $1500-$2000

[astjgroom] 25/2/2019 11:04

SP Stabilized??

[borisjohnsonshair] 25/2/2019 11:03

Barrick Gold - big news

[dt1010] 25/2/2019 10:53

The gold bull is coming stealthily

But it is coming

So many articles in the right places, wise money, in gold now ahead of the masses.

Be one of them, not the fly by night trader trying to outsmart the price flip flopping all over the place.

This will go to 1500p in the next bull unless it gets bought beforehand. That’s a 10x or so. Easy. They are the gains I am invested for. Not a 110p -150p move.

QE on a massive scale will come again by the Fed to avoid a recession.

[zangdook] 25/2/2019 10:49

I thought the bloodbath was 160 to 80. This is more of a stumble.

[bocase] 25/2/2019 10:49

"You can forget pontification over disappointing results stopping the market from piling into gold stocks when that happens. Anything with the word ‘gold’ in its name will pump and pump."

Yes I agree with that DT. I was trading at the time of the dot com bubble in 1999 and remember a company, whose exact name escapes me, rising more than 1000% because it had the word 'net' in it. It turned out to make pig netting.