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Yes, will have to hold breath until dec2. I haven't been able to find any other info crumbs. 6-12month return to full production, could sync nicely with 2021 inflation? Double down for hopefully good news? Risky.
Surely the conomic repercussions are a big drop in demand, which will be disinflationary and thus bad for gold? Economic stimulus packages will lust offset the deflationary forces of the damage you mentioned.
It really is excellent news about the oxford vaccine but unfortunately the damage inflicted to the world's economy is already done and is about to play out over the coming months. Its impossible to shut the world's businesses down or restrict their ability to operate normally without serious economic repercussions. It is frustrating watching the share price slowly dropping day by day but its only a matter of time until the euphoria of the vaccine news wears off and the economic reality is back in the media spotlight. My advice is sit tight as this is possibly the last pullback before new highs.
completely agree in your logic they have only just touched the 2008 crisis peak. this time inflation will have to happen but in the meantime lots more stimulus will support gold upward......it is a golden opportunity excuse the pun and once reality settles in and the vaccine euphoria subsides gold will rebound. nothing goes up in a straight line !! but gold I way undervalued and wont be going down much more in my opinion.
This is a Pullback only. Buying opertuntity 100% but be quick as the snapback will be fast. The Gold bull market will continue....in fact the next leg up will be huge. You think gold prices are high now? Absolutely not. We are at the same levels as 10 years ago. $3000 gold prices are coming...laugh at me if you want...but trust me I will have the last laugh. It's plain to see on the charts & the global economic chaos is what's backing it up...buy buy buy decent gold miner's all day long and hold. You will be handsomely rewarded for sure
The real worry is the way that the markets can be manipulated - blatantly - with impunity. - The orchestra leaders can play any tune they want at any time they want. - Leading commentators, I needn't name them, they get quoted on the BB's every day, have been forecasting the demise of this system for a long time now. - Well, it hasn't happened and is unlikely to happen any time soon. - That's the real worry for me. - It' all happening in plain site with approval from where it counts the most. - I conclude that it's unstoppable.
Hi, When the news on the Oxford vaccine was announced this morning it was pretty certain that the MM would see it as an opportunity to churn the shares, i.e. spank gold and push the risk on equities again, I'm only surprised that POG didn't get hit sooner on our market , but of course the Yanks spanked it on Wall Street! It is unfortunate to say the least that the pit wall problem occurred when it did, what is really annoying is that Pardey could have instigated proper stripping 5 years ago, then things would be very different now, but no instead he denied there were any potential problems and now the new CEO has to put things straight.
RE: Gold - Up Or Down? Answer: Endless Fiscal Stimulus = Up23 Nov '20
I monitor but dont fully understand Elliot wave trading,I should say that a pull back possibly to the 1800 level or so was predicted by these people.Its wave 3 of 5 which is always a hard downward move before wave 4 and 5 force it up to higher highs So just got to wait it out,dont think it will be January but perhaps the latter of next year
Mr T Dont get me wrong my average is around tte 1.30 mark and in many months time I hope to get my money back It's just that it fell from 220 on the first bad newsand then down to 1.20 on the Q3 update etc and its been falling ever since.Now gold has took a dive it could quite easily got to £1 where it has been many times before Should the Loa be further bad news or gold continues to fall like Sotolo stated profits will be down a third on a retracement I still think 80p would be possible
Gold - Up Or Down? Answer: Endless Fiscal Stimulus = Up23 Nov '20
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You can wish all you like Autonomy1, but I think you will be waiting a very long time for your 80p, if you really know anything about Centamin and what its future potential is then I haver no doubt you would realise why .
Us experienced investors buy the dips. We all know how things can turn on a dime.,
Personally think centamin is a gift at this SP.
2nd December might highlight a lot of upside , can’t get all bad news all the time !! Plenty of doom mongers on centamin but we are more than 50% down from the recent high.
The mine and infrastructure alone is worth more than the current market cap.
300 million plus on the balance sheet and the dividend can easily be maintained.
I see gold up towards 2500 dollars next year on stimulus.
Centamin at worst case will bounce and stabilise at some point or become a takeover target at this level.
While I have spare money I can divert I don’t mind taking advantage and I’m happy for it to drop further. However I think it’s more likely to go on a good run from here especially if the company starts making good noises soon about further licences and a strategy for divesting invested assets and possibly moving some assets forward.
Dj..I totally agree. I’m certainly not buying this is now a happy ending and everything will be ok news. Just the opposite in fact...this is just a pullback and I think within a few months gold will be back at all time highs...a good buying opportunity as you say
Dont think it really matters,the price is only going one way and its not up So much for all the excitement last week which has had no effect on the price All we need now is more bad news in December and this will be 80p
Well personally not really buying that it’s the end of the gold bull run. Topped up 25 grand at 108.80
Will prob buy another tranche tomorrow if it drops further. These vaccine days seem to knock gold but I’m sure it will surge again and more stimulus. Logic suggests it’s just a temp retrace and I still see gold much higher next year
You are right as ever Mr T, they have the cash to keep paying the divi as long as production recovers to a steady 480 or 500k from 2022. The big worry is the gold price which, as expected has broken down, I am sure Cey will be higher for us long term holders, just may be lower immediately as a 10% gold fall now reduces our profits by another third with the high aisc. However hopefully cey will fall less than some rivals having halved already. Thanks as ever and for the heartening Peel Hunt