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5,676 tons of gold from other central and commercial banks is deposited with the Bank of England, it is one of the largest resources in the world. According to Bloomberg, all indications are that they want to sell some of their resources. It is to be offered with an unusually large discount.
Great Opportunity to add...can see this creeping up to 90 by next week...
brave of you Wild Tiger, however in a bear market it is tough to make money trading by buying and then selling, easier by selling then buying when it mostly falls, but most brokers do not offer this
I added a ton just below 80p, thank you sellers. Have been swing trading this for almost 2 years, it's turned out to be one of my most profitable ones this year so far
Day is not over yet 80.5p not bad tbh. Over 82p finish today
fresnillo green so far today
I can live with that.
Fingers crossed we've seen the worse.
Good Morning CEY 79,86
-3,60
(-4,35%)
Sotolo.. that headline is just click bait. Gareth soloway for example on there sees the opposite ( i agree with him btw). Its a place you bets and ride the tiger time this year for sure thou. GL
“Based upon trading volume” …. Looks like a crude guess to me. Professional shorts hold for months.
Depends if kitco headline is right today about gold to hit $900 by 2024, and against rip roaring inflation. At that price we would be losing over £100m a year so would be worth a few pence and then nothing. The truth is that although most pundits think the gold bear market will continue no one actually knows and luckily they are often wrong.
A green day today would be wildly optimistic !!
I would have expected a rise towards Ex-Dividend today, so to see the drop off end of yesterday by 3p (almost the dividend itself) was very disappointing.
If the SP stays in the 80s today, it will be excellent, but normally there's a drop off, not to mention the attacks on gold and gold shares.
Another great article for CEY even if its the otc adr shares
https://www.etfdailynews.com/2022/05/18/centamin-plc-otcmktsceltf-short-interest-down-14-4-in-april/
Major European stock markets recorded losses during Thursday's premarket trading as the negative sentiment which prompted Wall Street's sell-off yesterday continued to spread.
Concerns among investors rose with soaring inflation across the European Union and upcoming interest rate hikes by central banks. Meanwhile, there were no hints of new peace negotiations between Russia and Ukraine.
The FTSE 100 lost 0.58% at 7:06 am CET, while the DAX declined 0.66% and the CAC 40 lost 0.68%. The euro expanded by 0.36% against the dollar to sell for 1.05010, while the pound rebounded 0.40% to $1.23903.
Baha Breaking News (BBN) / ND
Happy XD day y’al
Funny you should mention the technical engineer goldgnome ALS Ltd are also in the top 5 on asx 200 this morning as well
Cey are a strange one so many positive broker comments yet very little upside movement
Dollar index turned downwards for the first time in months perhaps the turn is nigh it's above the height of the Covid-19 top at the moment
Currently showing 78.69p
Brought another few decent chunks towards the close yesterday hopefully good timing with the dividend just looked at the top performers on the asx 200 and three out of the top 5 are gold producers
I wouldn't go slashing my wrists just yet. Time for very cool heads, and sadly there are not many of those around.
A market correction has been forecast ad nauseum. The current S&P500 10-year P/E Ratio is 30-35. This is 50+% above the modern-era market average of 19.6, putting the current P/E 1.4 standard deviations above the modern-era average. This suggests that the market is Overvalued!?
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
The ever charging earnings of some of the darlings in the US looks like it is going to run out of steam, and to be frank a lot of is so much hot air. The market in the US believes its own BS, which is generally not in short supply.
My investment is in companies that produce something of value, have a decent moat, good management, and good fundamental assets to keep producing from.
For CEY, I would like a smart Mining Engineer to have a look at how best to do the underground mining.
https://finfeed.com/investor-101/australias-gold-mines-by-production-grades-and-costs-part-1/
cheers
And we've been promised a lot and so far have pretty much nothing to show for it
Behave yourself halfpenny I bet I was here a good 5 years before you...I'll moan or do whatever I want. I was buying cey in the feul crisis 10 years ago
Just adding to the list of "Buy Rating" Centamin is a 9/9 on Investors Chronicle's Alpha report. They examine various metrics EPS, growth and so on so bit of a surprise to see it there but a very credible recommendation.
So what. Just take the dividend and sit back for the rerate we've been promised in H2 and for pities sake stop moaning..
Ex dividend and american market tanked...certainly don't see green tomorrow...75p maybe