Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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No hindsight trades and again I am not the kind of contributor who comes on here and is untruthful. I was astonished that gold was not going down through the floor boards. We could all question whatever you do is real or not and question your veracity, but what is the point and why be impolite. Only stupid people go around doing harm to themselves and other people. Most people who contribute on the Centamin Boards are actually intelligent.
Although I am not sure where it got 5.2% from.....
china stimulus hopes lift miners
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sterling climbs as uk economy picks up speed
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endeavour mining, centamin rise on liberum upgrade
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ftse 100 up 0.6%, ftse 250 adds 0.9%
jan 24 (reuters) - british equities touched a one-week high on wednesday, bolstered by china-exposed stocks following measures taken by the chinese central bank to support the economy, while sterling rallied after a survey hinted at high-for-longer interest rates.
the exporter-heavy ftse 100 ended 0.6% higher, while the domestically oriented ftse 250 index added 0.9%.
industrial metal miners rose 2.6% after china's central bank announced a 50 basis points cut in the amount of cash that banks must hold as reserves from feb. 5, in an attempt to shore up a fragile economic recovery.
miners anto***asta, glencore and anglo american climbed between 3% and 5.3%, leading gains on the ftse 100.
"today has seen prices edge higher on hopes that the new measures announced by china will provide an uplift on the demand side, although the fact that they are due to arrive just before chinese new year could mean that the pickup in demand might be delayed several weeks," said michael hewson, chief market analyst at cmc markets uk.
asia-exposed insurer prudential was up 2.2%, while luxury retailer burberry added 3.7%, lifting the personal goods index 2.5% on hopes of a demand refresh from china.
precious metal miners surged 4.7%, supported by positive news about all of its constituent companies.
endeavour mining jumped 4.4% and centamin gained 5.2% after liberum upgraded their shares to "buy", saying gold equities will shine this year amid global war and trade tensions if donald trump wins the u.s. presidential race in november.
in addition, gold miners fresnillo plc climbed 4.2% and hochschild mining moved up 7.5% following strong production numbers.
meanwhile, the pound rose after a survey showed britain's economy started 2024 on a stronger footing, prompting investors to reduce their bets on the bank of england moving quickly to cut interest rates.
among individual stocks, pest control company rentokil was the top decliner on ftse 100, down 2.3%, after bofa global research downgraded the stock.
tullow oil was among the top gainers on ftse 250 with a 10.7% rise on guidance for strong cash flow over the next two years. (reporting by sruthi shankar, khushi singh in bengaluru; editing by dhanya ann thoppil and jonathan oatis)
Sounds like a hindsight trade claim there Tony!!!
So, you now claim you did the exact opposite of what you posted, and the claim made hours after the event.l, after gold rose a lot when you said it would fall, couple with you also claiming not to trade, in another post!
Hmmmm.
Sorry, but I say is as I see it.
Steve
It was a good job I re-entered the trade just as gold took off that I sold in the morning, I added more CEY and HoC at the same time in ISAs and they are together 25% of my portfolio tonight. I was incredible lucky to be at my desk and catching the exact moment it all changed round.
Publican good luck with Hummingbird Resources as you may need it with the Betts family in charge. I would not touch that share with a barge pole. Can not stand Betts. You will find out why soon enough.
A couple of people above have spread doubt on my own investment credibility of late. Just on my trading accountthis year I have 43 completed trades and 2 are on-going awaiting BB completion dates. Of the 43 that are completed 26 trades were in gold miners. 25 trades were winning and only 1 was a loss. Centamin 17 winning trades (+ 347 ave) and 1 loss (£125). Shanta 6 wins no losses (average +3,248) and HoC was 2 wins average £170).
The 17 other trades had nothing to do with gold miners but involved stocks which I had built up 70% free carry levels and I have sacrificed a lot of those free carry gains to safeguard the rest of my portfolio. A chunk of my portfolio has not been traded as I have a longer term horizon on those stocks. Over 13 years I have made several hundred thousand pounds. It does include a few big losses and a few large gains. I do not care if certain people do not believe me, but what I have written is honest. I am also quite happy other people not following what I do as we all have our own research and ways of doing things. Tony
Thanks RazorsEdge .I noticed the uncrossing was in excess of ! million.
But tommorow is a new day ,when if it threatens his "Agenda" jerome only needs to speak and the lemmings will listen and beleive, one way or tother, then carry on to the cliff.
Vol. Sold 1,428,195 Sold Value £1.35m
Vol. Bought 2,441,507 Bought Value £2.32m
Good point Mr.Bond an upgrade from Liberum is way more valuable than any fluctuation in the gold price.
Gold and $US,
When USA came up with the Petro dollar; gold was down to a $200, most Countries sold thier gold. At the same time US were accumulating gold and now they have the most highest gold reserve. (only China understand the plan)
Gold.org
When BRIX started to deal with their own Currency they start to buy gold to back their own currencies. So gold is going higher so the $US keeping its Value.
Note: do you know why now the western countries try to kill the oil and come up with the hoax climate changes and promote electric use? The earth history been changing climate over the years and there are too many volcanic eruptions and burned 1000's of hectares wood areas arround the world enough to produce 100K time of auto gas running and others running by coal
You can't beat US plans...
GLTA,
Dan
The problem is gp is all time high, but cey is rubbish
Centamin news,top left of this page, Chinese central bank supports exporters ,and Centamin among other miners mentioned favorably.
The prices of precious metals rose on Monday after the release of weaker-than-expected economic data in the United States last week, leaving the commodities again as a safe haven for investors.
According to the country's Institute for Supply Management (ISM), US manufacturing activity declined for the 16th month in a row in February. Additionally, the consumer confidence survey conducted by the University of Michigan indicated a decrease in optimism during the same period.
Gold advanced by 1.54% at 11:17 am ET to sell for $2,115.47 per ounce. At the same time, silver increased by 2.50%, going for $23.75 per ounce. Platinum went up by 1.54% at the same time to go for $900.91 per ounce. One minute later, palladium gained 0.31%, selling for $945.70 per ounce.
Baha Breaking News (BBN) / RR
Gold currently + 1.40% $2113.25
Sweet ,may it continue, as always,wishing I had bought more Gold coins.
Tony.
We all know it’s not like this- it’s a bit like humans, it’s what happens along the way to get us where we are- stocks are no different. The SP is ALWAYS a measure of all these elements and not what we want it to be by picking selective elements from the past to come up with we think it should be.
You said this morning:
“After a few FED members juiced up gold on Friday we can expect Powell to slam it back down this afternoon. ”
Aso what happened to your above “smack down” prediction? Quite the opposite happened.
Centamin is earning over $800 an ounce in profits. By any historical measure this should be at least 120p. Double position in Cey and Hoc.
2,100 just tipped over…
According to gold website the metal has just hit an all time high in sterling. What we need now is it for it to make an all time high ex inflation, ie in rel terms, to take account of increased costs, and bring the share price back to an all time high in real terms which is about 3 times what it is now
$2100
After a few FED members juiced up gold on Friday we can expect Powell to slam it back down this afternoon. Canaccord came out this morning with the possibility of no rate cuts by the FED this year on Bloomberg which then deflated the precious metal miner rally within minutes this morning. Expecting chart gaps to properly close as we go through the week. London and Asia are gapped out higher on gold charts.
Tony,
I don't profess to cover all the myriad of people's situations, this is not possible.
I just simply post the facts and opinions gained over many years of trading, as part of a balanced, global portfolio. As mentioned many times, I have many diverse investments, trade, hold, and keep (for example houses/cars/majority of pension manged by third party) and so on.
It is, up to others, whether they use it to tailor their approach, or ignore, it's up to them.
Happy trading.
Should mention 8% of the portfolio is in CEY, nice low average and not trading it.
Steve
Not everyone can invest and trade your way. I am sure it works for you. I had a go this morning and had to settle for £105 gain on an in and out move. Unfortunately I missed the peak this morning as I had to go to the bathroom. It would have been £900 but HL stop loss is next to useless. I would go nuts trying to use your system. Everybody has to find what works for them. If some folks have a disabled family member they can not play on the screen all the time and the same if somebody had screaming youngsters to contend with. Incidentally some traders do the exact opposite of what you do and avoid trading event days as the London market close can leave people in a mess the next day.
I’ve posted all this in the past Sotolo- what I look for and when and when I stop loss and when I take profit-
The answer lies in my past posts- as does the future.
Just here to help by demonstrating a successful way to trade and make money on this volatile, stamp duty free stock- by simply understanding its drivers to push the odds in your favour.
I’m not here to placate losers who sit on a stock and continually whine about the company and I say it how it is (although I do sympathise with this who don’t whine, but fortunately I cannot empathise as I don’t follow their strategy).
Alternatively, people can, and frequently do, use this board to post endless detailed waffle on Basel 3, Doropo this and Doropo that, Egypt this and Egypt that lol which makes zero difference to daily SP movements- a total waste of time and their desperate, narcissist need to be right ensures lots of this garbage, most of cut and paste waffle, will always be posted.
Happy days!
Steve makes me smile.
Has anyone seen the Steve Coogan film "Greed"? I'm sure there is a line in there that goes "He's a self made man and he worships his creator every day"