See is long term sustained growth from here on out as the company expands. I have this as a 'medium to long term hold'. Our joint venture with ALO has news coming out most likely Monday morning. Hoping for a strong move north! GL holders
As to Argentina defaulting well I am glad they stuck two fingers up to the greedy hedge funds as they screw so many people so its good they got a taste of their own medicine and even better they are American! To be fair Argentina did offered to pay so much back and most would have accepted their offer but at the end of the day it shows the whole financial system is broken and bonds are really pants compared to gold! Still Argentina can always go to Wonga and they give similar terms to hedge funds!
Absolutely, as long as we hold above 70p I won't complain :) I suspect after hitting our mid 70's plateau that some may be pulling out money at a nice 50% profit after putting some in when the news broke mid 50's that the new investment law would be retrospective.
Thanks Tibbs. I was looking at pog but didn't see anything too significant so wondered about Argentina defaulting, Portuguese Banks sinking and the current horrendous blood letting across the border in Gazza as possible reasons for market jitters.
I have been with CEY for almost two years and have noticed that day's good reports are published the sp inexplicably goes down, any dodgy commissioners report and it crashes & the movement in the price of gold hardly matched the sp movement. At the end of the day to make decent money, other's have to unfortunately loose it. I would suggest that the mm's have perfected the art of creating a stampede mentality in the minds of the weak. We all know that this company has great potential and patience is the key. ATB
Gold is off and has been weaker over the week – nothing specific to Cemtamin and it if Friday of course so the MM and brokers will be keen to push people through their stops or panic them into a sell to get ready for next week! Churning the shares,you know how it goes!
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