Centamin PLC Share Chat (CEY)

Gold is a good hedge against the pound sterling and the euro. I think that both the pound and the euro will continue to suffer from brexit , the virus and 'money printing ' during 2021 . I hope that Centamin continues to be a profitable dividend paying gold miner. The potential problems that I see might be technical mining problems or local Egyptian problems. I think that fiat currencies will probably have major problems during 2021,2022 and beyond. I hope that residential property and gold continue to be a store of wealth. I hope that we do not have a re run of the Weimar republic.

Kando
Pound down dollar up

Gold lately seems to have a real job keeping it up, so to speak, it had a go at 1900 and failed, hopefully it will have another more successful go unless it has given up.

What's caused this collapse in gold in the last half hour?

SP to 130p, chart indicators are looking good, MACD, RSI and momentum are increasing, are we getting goods news soon regarding the bidding sites?

Challenge was to beat what the banks give their savers in interest in a one year bond at the time best rate was 0.9% , I managed a whopping 3% lol I'm happy with this in these uncertain times Gla

The price of silver surged over 5% on Monday following the news the United Kingdom registered a new "out of control" coronavirus strain in southeastern England. Consequently, several European and North American countries temporarily halted flights with the UK over concerns related to the newly detected strain.

Meanwhile, the American lawmakers are about to finalize the agreement on a new stimulus package worth $900 billion. President Donald Trump once again signed a short-term spending bill to prevent the government shutdown while legislators complete the deal.

Spot silver jumped 5.43% to sell for $27.18 per ounce at 1:45 am ET, rebounding to the level last seen mid-September. Gold also extended gains a minute later, climbing 1.19% to $1,903.17 an ounce to reach the mark registered in early November.

Breaking the News / ND

Dear oh dear Mr T. You can't let go can you. I'm sure others on her are getting fed up with our little exchange. Lynny is spot on here and no it's not another handle for me. Bitterness? Not at all. I'm happy and healthy and hope it stays that way. But you display great signs of bitterness which is a shame. We had a vote and whilst both sides did everything to get their arguments across. Leave won and it was vindicated at the last election. Please accept it and this may help you get over your disappointment. As regards meeting your well informed acquaintance, why not try MS Teams or Zoom? It's almost like the real thing and doesn't involve travel. I wish you well but please accept that we all have our reasons for having different opinions.

Sterling needs to go back below 1.25, no reason for a small country with huge debt and welfare liabilities to have a strong currency. Gold is the real alternative to any fiat currency, not bitcoin or other dodgy crypto’s.

Major European market indexes dropped in premarket trading on Monday as investor fears grew after the United Kingdom announced it detected a new, more virulent strain of the coronavirus, leading a number of other countries to stop flights from the UK and local authorities to impose new prevention spread measures. Worries over the pandemic were also increased as the United States Centers for Disease Control and Prevention (CDC) said over the weekend that they had detected a number of severe allergic reactions to COVID-19 vaccines.

The FTSE 100 dropped 0.94% at 7:32 am CET and the DAX was 0.84% lower at the same time. Meanwhile, the CAC 40 in France fell 1.39%.

The euro declined 0.49% against the dollar at 7:33 am CET to go for 1.21856 and the pound lost 1.04% compared to the greenback at 7:34 am CET, changing hands for 1.33540.

Breaking the News / VP

Gold currently at $1906.
Will CEY break break 125p today?

Gold at 1902 as I type, plus pound down for obvious reasons- should be a good opening for us- stimulus agree in the USA - ok, so not the very high levels originally wanted by one side, but it’s some none the less and a start : “In the USA last night, Senate leadership announced a bipartisan deal on an approximately $900 billion economic relief package late Sunday afternoon that would deliver emergency aid to a faltering economy and a nation besieged by surging coronavirus cases.“

Agree just seen the Silver and Gold prices rising quite significantly into the night. Should help us HOC and FRES get off to a very good and keen start with early trading on the LSE.

Yep, Congress just approved the stimulus deal of $900b.

GLTA,
Dan

Should be a green day tomorrow for Centamin at least. GLA

So there we have it. Tibbs doesn't declare himself pro Europe because of any convincing argument for remaining (they never do - just take wild guesses on how bad things will be when we leave, the most significant of which seems to be that it won't be as easy to go on European holidays and you may need a Green Card, as said by the senile K. Clarke) but that he's scared of getting an earful from Der Fraulein if he doesn't!
We all know the EU is German domination by peaceful means, Tibbs appears to be blissfully unaware!

What's this Brexit all about then?.........

I'll get me coat

Mrtibbles It's not easy for any of us at the moment but keep listing it all over and over again does not help. I have owned a house in Spain since 1999 and have enjoyed my many happy times there with lovely friends. We will have to move on and try to make the best of things what else can we do. Take care.

Hi Tiger,
I agree 100%, very wise words indeed, the sad thing is that this grave mistake could have been avoided!

"There are none so blind as those who will not see."

I am a supporter of democracy unfortunately our electoral system doesn't deliver it with first past the post.
https://www.electoral-reform.org.uk
https://fullfact.org/economy/brexit/
https://fullfact.org/europe/eu-pinching-our-fish/
https://fullfact.org/europe/public-support-hard-brexit/
The disagreement comes in what voters prioritise. Faced with a choice over whether free trade or immigration control comes first, as many as 36% of Leave supporters said they would ‘definitely’ or ‘probably’ maintain freedom of movement in return for free trade, compared to 74% of Remain voters, at least when confronted out of the blue by a pollster.

I very rarely drink tea now as over the years of visiting Hanover on business or to visit my wife's family and friends I have become rather fond of German and French coffee .

As to Centamin I was expecting to meet a well-informed acquaintance early next week, but the London lock down has meant that is no longer possible, possibly we may speak on the phone.
Although I'm really not that concerned any more about a pile of uncleared crap or a weakened pit wall when considering the present ongoing pandemic, our inept Westminster cabinet and the dismal outlook for the UK in general!

Tibbs

Yes I agree. But the decision was made and one man keep banging on three years down the line on this site will not change it. Might be better going sitting outside parliament wrapped in a European flag.

In 415 B.C. the people (well, the free men, not the women and slaves) of Athens voted - perfectly democratically - to invade Sicily and to attack Syracuse. The resulting Sicilian Expedition was an unmitigated disaster, and it set in train a course of events that led to the fall of Athens, the world's first democracy, a decade later.
Just saying that because a decision is made democratically, it doesn't always mean it was a good one...

Mr Tibbles I did say you would make yourself poorly with all this. I realise you are very clever but there is one word that you never mention in your ranting I am not sure if you know it Democracy have you heard that word before. I suggest you make a nice cup of tea maybe a crumpet or toasted teacake try and find some information about that word. Then you may get back to your normal jovial centamin self. Take care have a nice Brexit Christmas lunch without Brussels.

Hi Mr Zambian,

"Truth" Too many people believe truth and fact are the same thing. If something is true, it must also be a fact, right? Wrong.
A fact is something that’s indisputable, based on empirical research and quantifiable measures. Facts go beyond theories. They’re proven through calculation and experience, or they’re something that definitively occurred in the past.
Truth is entirely different; it may include fact, but it can also include belief. Oftentimes, people will accept things as true because they fall closer to their comfort zones, are assimilated easily into their comfort zones, or reflect their preconceived notions of reality.
Fact is indisputable. Truth is acceptable.

"Bitterness" have a look in the mirror!

A new landscape is with us, and the governments are almost all on the same hymn sheet. Create money to create employment, prop up businesses, and stave off lot of social unrest. The global financial system that we take for granted, which is underwritten by global central banks and overseen by prudential authorities, is under siege from a disruptive technological advance that is increasingly impervious to regulatory pushback.

In the West, the response of governments has been mostly permissive. There is broad acknowledgement of the innovation blockchain represents, and the transformative implications it may have across industries.China has let the experiment run in part because it controls 65 per cent to 75 per cent of the compute underpinning bitcoin’s consensus algorithm. This translates to commanding the heights, as it affords the theoretical possibility of a doublespend attack on the network.In the meantime, the People’s Bank of China has fast tracked the development of the e-Yuan, a central bank digital currency (CBDC), as a means of displacing TenPay and AliPay in the domestic payments market. Will bitcoin just become another medium of (in) convenient exchange?

Gold?
During the 6 crisis periods since 2007, Gold bullion has returned an average 12.12% compared to -16.41% for the S&P 500 Total Return Index and 6.35% for U.S. Treasuries (as of 11/30/2020).

The COVID-19 pandemic has created a new financial landscape, where returns from traditional financial assets, in real terms, could be subpar for many years. By contrast, this crisis continues to highlight gold’s value as a potential safe haven investment.

YTD through November 30, 2020, gold has delivered strong relative performance gaining 17.11%, compared to 8.25% for bonds and 14.02% for stocks.

The higher gold prices go, the more analysts and investors talk about it, and the more financial media report on it. Added exposure generally translates to more investor interest; that's why some analysts expect prices to go even higher.

Phillip Streible, an analyst with Blue Line Futures, predicted gold would hit $US2500 by December next year. Other market watchers believe it could happen as early as...by this year's end.

Trillions getting printed, governments proving they are battling with the virus, let alone its mutations, let alone getting a recovery in motion. What we have seen in the last 12 months, is how democratic processes have delivered mediocrity to the people. Could be so much better.

good luck all...hard to see gold not going to go a lot higher
the gold gnome