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As I mentioned the other day- I used to trade the vix index but got burned so stopped as couldn’t develop a strategy to move the odds of success into my favour- once I’d stopped, I ceased posting in the forum, as i was no longer invested, so pointless for me to waste my valuable time.
Unfortunately Mr T shows all the traits of someone badly burned by this stock ages ago…
“ People who struggle to let go of the past often ruminate over their past failures. They constantly replay these events in their minds, focusing on the negative outcomes rather than looking at the lessons learned. This cycle of negative thinking can prevent them from moving forward.”
# Trades 1,118
Vol. Sold 1,658,339
Sold Value £2.06m
Vol. Bought 3,551,568
Bought Value £4.41m
You have no control or credibility of anyone.
You seem to think yourself the only person able to do their homework ,and must be listened too .
Take up Bowling it might "suit you sir".
Its not about informing people is it ? More about look at me while I teach everyone.
No thank you,teaching your grandmother to suck eggs ,people already know the score when they make , THEIR choice.
And no there were no Bonanza grades promised ,just a possibility . And still is,but until that face can be mined its impossible to know for sure.
Best of luck Daz- Friday @13:30 is a key time to watch for- fed use pce.
Cheers.
True Mr Bond, But investors need to be aware of all the facts so that they can make an informed choice, which at present is difficult because all they are getting is promises of better next time which as yet is getting further and further away!
The Sukari open pit ground has been mined for over a decade and due to the inerrant and consistent poor grades it was only possible in the past to make the operation profitable by high grading the open pit and not clearing up the waste ore, we are all aware of the costly consequences!
It seems from this last 2024Q1 report the open pit grades are no better ,in fact appallingly bad and the promised "Bonanza " grades supposedly in the underground pit seem to have been lost because the underground grades now appear mediocre to say the least!
the Solar power supply doesn't appear to be fully commissioned as yet as promised and the waste clearance contract has been extended so the AISC remain excessively high!
As to investor relations laughing at me well that remains to be seen, but if they fail to respond appropriately then I shall be referring my concerns and the information I have to several mining publications, the corporate brokers and contacting the FCA.
investors were led up the garden path far to many times in the past and as far as I am concerned it wont happen again!
Your continuous negative comments are totally unnecessary ,investors have the option to sell as well as buy.
What the ground holds will be mined, you continuousy ignore the fact that without the open mine the past success as well the future would not be secure, it contributes a profit ,especially now with elevated gold prices.Do you seriously think it should be sold for landfill !! Mr Golden Flip Flops.
It sound like you have sold whatever you had, and spend your life in your hobby of posting provocative rubbish, I will bet Centamin PR just laugh at you.
Mr Bond, People need to be aware of all the facts and it's true that institutional investors have been reducing their positions and there doesn't appear to be any new institutional investors either.
Why is this, the reduced dividend is one reason but it's likely they aren't seeing anything like the reduced AISC or any great improvement in performance.
What's happened to the new concession tranches in Eygpt, very little it seems, as to Doropo it is'nt anything spacial and after all the build up and spending of millions of dollars will likely just be another abandoned project like all the others.
The Sukari open pit , it's a basket case pit that has consistently been and continues to be a source of crap grade ore !
Anyone that cares to open their eyes must see that the last Q1 2024 was shockingly bad and they are doing their best to gloss over the true facts, I think any institutional investor realise this by now.
I have written to Centamin asking some pertinent questions and I am awaiting answers which is why I haven't been more specific now!
Steve,
I admire your skill with the data. Unfortunately I don’t have your talent. I sold a couple of tranches around £1…averaging 10%. I bought more at £1.04 and sold at £1.11 for 6%. I completely missed the rise from there, to £1.30. It felt too risky for me on the rise, if I get caught out high up, she might take a long time to get back there. I prefer a falling stock. I’m a medium term holder, I don’t really play the charts or data, just ride on gut feeling and if she drops under, I usually won’t bail, I’m in until she rises again. I guess patience is my play and not overstretching my bet. Casino Centamin is a risky business, I’m a bit wary of Doropo costs and institutional selling is obvious. Let’s see how she goes.
What amaze me is how stupid we all are, by looking at the UDS Index as a bench mark reference point for commodities (albeit not always correlated).
USD should be weighted against US trading countries, by nominal volume or trades and including many other countries which these days creates a lot of wealth for USA.
For example since 2020 the Mexican pesos has appreciated some 50% and yet the USD Index for the same period has gone up, similar for the CAD.
While addressing the economy, Tiggre pointed out the misleading nature of nominal highs when discussing gold prices.
With inflation adjustments, he argued, gold’s true value is considerably higher: "One, it's not an all-time high. It's a nominal high. If inflation adjusts, even using the government's nonsense, CPI numbers and real all-time high would be over $3,400 or $3,500."
https://www.kitco.com/news/article/2024-04-19/gold-has-new-buyer-lobo-tiggre
TF Metals Report’s Craig Hemke to address the community’s pressing questions on the FED’s suppression struggles, predictions for gold and silver and insight into BRICS.
Ep 169
https://www.youtube.com/watch?v=8OL1vWVj_7I&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1
Lol Daz.
Just looked at your previous posts and they are all "I'm out", and the out is always above the SP sp showing a great profit.
The problem I have though, is you never post when you go in or the SP when you go in! You just say you're out, then once the SP has risen a fair slug you say you're out again, without every posting when you're in..... hmmmmmm....
Episode 169 was a few days ago.
In case ,some want to watch it.
We have a pull back,thats happened before and will happen in future.
But remember Gold is still around $2300 and Centamin is still making a good profit. Thats all that matters.
Some people still trying their pathetic best to spread doom and gloom, I wonder why? Not that is important.
Perhaps they think it is their public duty. ;-)
As we all expected, gold has run out of steam. The wheel is spinning and I’m watching. if this lands around £1.05, I’m in for a summer picnic!
Quite possibly they are have see through the double act of Martin & Ross's slick sales spiel
The dividend as attractive to institutions but is virtually a thing of the past!
The open pit grades are so poor that it is almost a case of moving crap just for the sake of moving it !
This Q1 2024 report was terrible and the Centamin share price is now dependant upon a high gold price and Martin & Ross are rapidly running out of road to kick the can of "promise next quarter" down!
Doropo is a diversionary tactic that will likely be more millions down the lavatory whilst the new concessions in Egypt are as yet more pie in the sky!
"A healthy pull back!" what utter tosh just like "Overbought" "oversold" are all just stock market casino terminology to try and justify churning the shares to create commissions and fees for the benefit of those parasitic stinkers that milk the crooked and bent casino system known as the stock market!
Note for not.
121 to 121.6
112.9 to 113.6
109.3 to 110.9p
I am expecting all of these to get closed in the pull back. To not a gap above has been created and to note for summer rally. Ideally we do not want a rally to close that gap today to 126p.
Yep trade the data, volatility is your friend :-). Continually develop and adjust your strategy, do not sit and wait for something that may never happen…
I read about a healthy pull back, never than less there may be still little lower to go. Technically the RSI hours is whey over oversold, awaiting PCE on Friday for further support ?! If that happens we could be back on rate cut mode....if not probably lower to go, but mid terms (2024) imo POG will make new highs.
As the options get sold back to bullion banks, physical order deliveries are not going to happen. Miners may well get a hit today. They are now reliant on the physical market to start buying coins and bars, jewellery or more central bank buying. Eventually that interest level will be met.
Yep and I think the most telling thing this morning is that copper and palladium are falling more than silver and gold. The "peace premium" (hard to call it peace) doesn't appear to have lasted mote than 1 day - extraordinary if true.
Bull even
It's just a pullback after the quick rise.A long long way to go in the PM bill run
European stock exchanges traded mostly higher during premarket hours on Tuesday in anticipation of reports on the region's manufacturing and services sectors, with respective data rolling out for Germany and the United Kingdom.
Earlier this morning, Novartis AG and Renault Group shared their results for the opening quarter of fiscal 2024.
Frankfurt's DAX rose 0.42%. The Euro Stoxx 100 rose 0.23%. The CAC 40 was down 0.06%. London's FTSE 100 climbed 0.37%. The euro and the pound sterling were flat against the dollar, going for 1.06511 and 1.23442 respectively at 7:57 am CET.
Baha Breaking News (BBN) / AB
Gold currently $2309.57