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OOps roll out!
To Mr Bond and other readers,
https://www.tradersbible.com/news/natwest-pound-to-lose-gains-against-eur-us-dollar-in-third-quarter
Von de Leyden is expecting a much stronger euro by Quarter 3 as the impacts of much higher vaccination role out are likely to open up most of the EU economies. They certainly expect to outperform sterling. Other analysts also expect the pound to lose some of their early advantages over other major currencies, so the rise in the pound is likely to halt end of next month.
Hoping for a rise. Have blown all the profit I made here on cryptos.
Anyone got any idea how the release of the fed minutes has affected the US market?
Also affects the Centamin share price.
If gold(priced in dollars) is rising and the US economy is weakening coupled with good market news on the U.K. economy, the whole scenario can result in gold going up while the price of Centamin remains the same.
Like a watched kettle, but it’ll come eventually.
If things were normal ,I would agree August is always slow, but now it is a "New Norm".
We will see.
Thanks Mr T. Sounds positive- so by the end of June then.
Cheers.
Tony ,why is sterling likely to drop this August? when vaccs should improve manufacturing output and Brexit done with.
There appear to be many unseen anomolies at the moment,home and abroad,
To all my friends and fellow share holders ,
Further to my written communication today, I have received an exceptionally fast reply from Centamin IR regarding the outstanding recourse updates and other related issues raised with the company by Cowichan on behalf of all Centamin share holders.
At this stage I see no purpose or advantage, and feel it would be quite inappropriate whilst displaying a lack of courtesy to the Centamin member of manegment concerned by disclosing the actual content detail of my written communication, especially so on an internet forum.
However having said that I have every confidence that Martin Horgan and his new management regime will honour their commitment to delivering the recourse updates on time.
Please see the relevant parts of the reply on behalf of Centamin.
Thank you for you email.
The Company has communicated to shareholders and the market that a strategic assessment of all our projects in West Africa has been underway with the arrival of the new Exploration Manager, Mineral Resource Manager and restructuring of the geology function.
This review is due to be completed imminently and the results will be communicated to shareholders and the broader market this quarter (Q2).
Best,
1685 x 1.071 apologies
The disconnect is partly appreciated in the UK sterling currency that has gone up 7.1% since November.
1685 gold x 1.0071 = 1804 gold price. So the gain is 80/680 on today's price if AISC is 1200. 11.7%. 107 CEY low say times 1.1176 = 119.58p The rise in sterling is a huge headwind for all the UK stocks that earn monies in dollars. UK currency likely to drop in August and that is when Centamin could significantly rally. ( Sterling falls as euro likely to strengthen).
Yes get the ex divi out if the way and with gold looking very good then there will be a nice bounce next week
On top of that traders taking profits.
CEY is affected this week by ex divi day.
Give it a week or so, or news of concessions.
Then it will catch up rapidly.
Hopefully. :-)
Hi everyone. Is it just me, but am I alone in thinking the SP has underperformed the last few days? With POG at 1880 I thought we'd be nearer 1.25/1.30?
Perhaps some of the more experienced people on here can educate me as to why?
DaggerMal
The last time gold was at 1900$ CEY flew to match the commodity price.
I saw gold was rising and put a few more quid into my CEY holding.
I'm still hopeful the gold price will still stimulate a good run for the share price.
Hopeful of a catch up to 150p for CEY in the next few weeks.
It seems there is a bit of a disconnect between the share price and that of gold and wondered if anyone has noticed the same? Normally you would expect the share price to gain by more than that of the price of the commodity as revenue increases but costs remain the same. However we seem to be underperforming the Gold rise.
For example on May 11th the Gold price was approx 1830p and the SP was 119.5p. Bring that forward a week and gold has soared to 1885p whilst the SP grows by <1% to 120.5p.
I'm interested to know what other peoples views are on why the share price doesn't appear to be growing proportionally? Are we just unattractive as an investment?
If the Chinese state have decided that Crypto in its present form ie not backed by physical bullion and regulation free is finished, then others countries will follow because it suits their purpose and they are keen to either ban crypto or put it under some form of state regulation (ie control or manipulation).
Musk has the right contacts in China to have a very good idea that something like this was likely to happen.
Shame about the little people that will get burnt, as usual , but never the less good for precious metals!
All’s good DaggerMal- crypto is worth a gamble(if you afford to do so) and I like a gamble - same with cey, one of my more risky stocks - good to have balance.
On cey am still waiting for news on licenses, i mail them occasionally, never get anything back of note but keep trying. as time goes on here, the better, long term the future is bright here, hence I hold.
If all goes to plan or even slightly exceeds plan, over the next 12 months I see big gains here from this low SP
Good to see it finish blue on a real down day for the markets. Gold is flying up $1880 now. Cey has to catch up sooner or later.
Steve I added today( crypto), for exactly same reasons. Just for diversity in the portfolio. Not fortunes but enough to keep me interested. Like you I see it as money written off, rather than basing my whole portfolio around it.
Hope you're well btw.
DaggerMal
Overall markets had a bad day/having a bad day and we are stock after all- expect a drop at opening for the 3c (you can do the maths for the exact %), but if gold keeps climbing and the markets stabilise, could be a good day tomorrow :-).
Agree!! Getting nailed to the floor. Shorters?
DaggerMal
Held crypto for years, 11k - and I planned to hold for 15years.
Wrote off the money when I invested- glad I did go in, of course could have bailed many times with great profits, but am holding out for megga ones- may never happen, hence I wrote off the money when I went in.
I just see as a tiny part of my portfolio, a pure gamble- but you never know. Oh and I also play the lottery twice a week!
Taking bashing today, with blackouts on C exchanges.
Thanks PROC, they gave another kick even Musk would be proud of.
More on Kitco news.
Will push money into PM's IMO.
GLA.