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Tibbs do you actually listen to what this guy is saying - just curious?
Latest one hour ago.
TD securities , "This is not the top " introduced by Neils Christianson. For seious investors. Worth pinning Kitco commodities news ,if you havnt already ,to your regular reads,.
Enjoy your weekend everyone.
Gold currently $2188.89 + $31.00 + 1.44%
High of the day $2191.62
Physical silver buyers gatecrash COMEX vaults -
https://tinyurl.com/3yne8xsu
CEY is still rising compared to its competitors, this year is still young,so much can happen.
The market is still in shock ,considering the latest figures, confused by the possibilities in the future, poor souls .
Final results are on the 21st March……….not next week.
Share price not moving up with gold but i bet you when gold retreats this will be back under a pound again.I think we might have to wait another year before we get much movement when the market sees how much we are making
Yep 3bear- it's all about the data :-).
Have a good weekend all.
Good Lord, another penny up and I will be in profit !
GP 2180
Cey 105
And up she goes like a rocket.
IIRC they deferred some CAPEX (connection to the electricity grid?) from 2023 until Q1 2024, so the Q1 numbers might not look great, though the average GP should help.
Yes, the full results will confirm all the other things during the year, and costs, profits overall and so on.
Yes I thought we had already had the figures and that Aprils Q1 would be a better guide--------But that is another month away! Good news about "little Sukari" and a dividend would cheer me up a bit.
Gold is probably averaging around $2050 the last few months and any increase is nice, but I'd be fairly happy if we could stay above $2100. That price and lower AISC should give us a dividend and the share price a decent boost.
I don't think the market confidence has been restored in Centamin yet.
Hi Paul - just to mention final results for 2023 will be a repeat of the numbers released in January - 450,058oz produced, revenue $892m at AISC of $1220. They will announce the dividend though and I'll be listening out for any update on the discovery at Little Sukari - which might be the tip of a gigantic new orebody. Or not.
Then its on to Q1 2024 results on April 18 which will include sales to March 31 with new numbers for production oz, sales and AISC. Current record highs in the GP will contribute to these figures so let's hope they're stellar. GLA
What do we reckon for the final results next week? A "Steady as she goes +" or better? I cannot see them having mined much more than predicted (but you never know) . Maybe the AISC are a bit better than predicted?
The recent rise in gold the last few months should help and maybe (fingers crossed) a bit of a bonus dividend.
I'm hoping that gold can hold these levels and that would enable us to get a decent dividend later in the year and also get the cash reserves up a bit and move forward with other projects.
Starting on one of the parcels of land they got in the auctions would make sense-------even though it would still mean they are a bit of a one trick pony.
The price of spot gold continued to increase on Friday, breaking new records and reaching $2,168.73. This was seemingly driven by further convictions that the United States Federal Reserve will start easing its monetary policy in the near future. Previously, Fed Chair Jerome Powell reaffirmed that the central bank is well aware of what could happen if it were to cut interest rates "too late."
Meanwhile, later today, investors will be focusing on the latest nonfarm payrolls data.
Gold rose 0.37% at 3:31 am ET, going for $2,166.01. A minute later, silver advanced 0.72%, selling for $24.50. Meanwhile, simultaneously, platinum lost 0.25%, going for $918.04, and palladium declined 0.13%, selling at $1,021.59.
Baha Breaking News (BBN) / AY
Gold currently $2166.69
Major European stock indexes traded mixed in premarket on Friday as investors awaited fresh reports on German industrial production and producer prices. Additionally, the latest data on the European Union's gross domestic product and unemployment are expected to be released during the trading session. Traders also assessed yesterday's European Central Bank's decision to keep interest rates unchanged.
The DAX was flat at 8:00 am CET, while the FTSE 100 gained 0.14%. At the same time, the CAC 40 lost 0.07%, and the Euro Stoxx 50 added 0.11%.
The euro and the British pound were both flat against the dollar at 7:58 am CET, selling for $1. 09483 and $1.28098, respectively.
Baha Breaking News (BBN) / JJ
Happy Friday y’al
Enjoy your weekend
Gold currently $2161.33
While Gartman is bullish on gold, he said he is putting money in the VanEck Gold Miners ETF (NYSE: GDX). Outside of short-term treasuries, his stake in senior gold producers is the biggest position in his personal portfolio.
“The relationship between GDX and GLD has gotten so one-sided in favor of GLD. GDX is ridiculously undervalued, and the gold miners are oversold to a preposterous degree,” he said.
Gartman noted that gold miners are as cheap as they have been in decades, and they offer investors value as the broader market starts to weaken.
https://tinyurl.com/yjvkh3c5
Golds rally is an impressive breakout of real consquences - David Gartman.
Article by introduced by Neils Christenson.
Gartman said that its only a matter of time before investors become more worried about Goverment debt levels,and that is the reason why he beleives gold prices have room to run.
Sentiment I personally think is the name of the game,it seems to be rapidly changing in gold and next miners favour, especially miners with very good fundamentals , of which Centamin is in a good place.
Night all.
Cheers Tony - Spring it is. Let's hope 2100 is the new support level. Setting up nicely for a good FY results show on Mar 21
Perhaps winter appetiser as i get ahead of myself
3bear
Things were massively overbought so a pullback here and there is to be expected. I have 10% of my gold miner longer term but did take profits on 15%. Eventually gold is likely to return to 2050 and if it does we probably get a mega summer rally. This recent rally was the Spring appetiser.
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, and Charles Payne, Host of Making Money on FOX Business Network, discuss his latest book ‘Unbreakable Investor.’ Payne gives his investment insights, sharing precise stock picks for this year. He also weighs in on the Federal Reserve and the surging U.S. debt levels. Payne discusses the accelerating global de-dollarization trend, gives a timeline for when the U.S. dollar can permanently lose its reserve currency status, and weighs in on what could replace it.
https://tinyurl.com/4uxyatv3
GP now at 2156 and Cey heading south - this stock does my absolute head in.