The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
POG very flat in Dollars but up 0.5% in £. CEY down nearly 2%. LOL.
Gold steady, POG is way to next leg up on re rate, heavily bough by major shareholders
Get the padded cell ready for Trump!
https://uk.news.yahoo.com/trump-erupts-over-human-scum-134500943.html
If you think there is a lot going on in the gold mkt, have a look at the US debt market, and debt levels
https://www.usdebtclock.org/
The US averted another govt shutdown[so good to Xmas now!], but it doesnt even rate a mention in the press here in the USA.
https://www.cnn.com/2019/11/21/politics/senate-government-shutdown-deadline/index.html
They have the obsession with Trumps impeachment proceedings 24/7, and I wonder whether they will ever come clean with what the USA really has been up to in the Ukraine, and all the related parties. A joke of the highest order, and then when there is a break we get the "massive" Russian influence in US elections and there [apparently] is going to be a replay in next years elections, unless the Iranians, Columbians, Venzuelans (etc) dont get there first, or worse at the same time!. Its as if the US hasn't massively interfered in other elections and taken part in various assasiantions and regime changes, but of course thats a different story/s.
https://www.amazon.com/Blowback-Consequences-American-Empire-Project/dp/0805075593
and one we wish Amazon would not continue to distribute, less the US gets them to pay their taxs/social lisecense in the various countries they raise revenue and make profits from.
I really dont know why gold doesnt go through the roof1
best, hang in and good luck to us all.
The big event i am looking for is the new CEO of CEY ????!!!!
th gnome
Gold has many merits to go up, year 2020, US dollar has to take downward correction from 6% to 18%. USA for sure going for another round of tariffs on China. This tariffs thing is main punch line for Trump in elections. So, if anyone thinks Trump Administration will back out is not true research
Phil and Lynne, much appreciated and love the name. And prof, I too am hopeful of gold in 2020, let’s hope we are finally right, I am still fully invested unlike wise you. I love your name too and imagine a wise old professor in a book lined room behind a desk strewn with papers, wearing a corduroy jacket, don’t disabuse me.
Hi,
Good points. I was just highlighting the sentiment. Look at 2018. Price range of between £1.60 and 90p. Production only down 15% on 2018 target. POG was around £950oz all year, some 18% lower than it is now.
I think the extent of the price fall post the Q3 results was a consequence of people now not trusting what the company says. While they are saying they will still hit the bottom end of FY forecast I am convinced the market is pricing in them missing it (although I am sure if we do miss we will still get another fall). For my part were I confident that Q3 was a one off, that FY would hit at least 490K and that next year would be back to 520k+ then I would be accumulating. As it is I have reduced my holding from 125k to 75k but am ready to take it back up on positive production news. As previously posted I am bullish on Gold for next year; we are in the weak period of the year for gold so seeing it at $1477 as I write is a very positive sign to me, plus I can't see the stock markets, particularly the US, continuing to defy gravity for long.
Best wishes,
Prof
I agree the fall was way overdone, as output fall far less significant than gold price. However gold continued down and Cey share price has held thus in effect making up that lost ground. Gold is down 10% in sterling since 30th aug, so you would expect Cey’s sterling profit and hence sterling share price to be down 30%., just because of this without factoring in any fall for lower production. Cey was 145 on 30 aug, it should be t 102 so it has actually been coming back. The fall is now I think almost entirely because of gold and if gold recovers it should snap up.
Then we may overshoot down agin on next quarter results of annual output and aisc, and if gold now falls from here we should see 3 times the percentage drop from that.
I think that you have to remember that market sentiment can be a much bigger player. Look at the drop from 30th Aug to 13 Sept, based on the Q3 output. Maybe 20% less for the quarter, but we are only talking about 1 quarter and still on target for lower end of production was declared. POG was down 2% over this time, share price down 16% (145 down to 121). We still have not recovered any of this lost ground.
Hi Sotolo,
Great to hear your, as ever enlightening views. 1 and 2 I agree fully with. 3 you could be right; I am hoping/expecting (strange how we link the two far too often) that the price of gold will be strong over the next 12 months. So much uncertainty and I can't really see that changing.
Best wishes,
Prof
Never mind Sotolo If Brexit happens then sterling will drop like a stone!
Prof, I am worried like you, on three scores:
Van E extra 1% is I think only because their etf’s need it as more money has been put in, but this is a lagging indicator
Cey will be pushed to make 490k ounces, however even if they are 25k short only dents profits by 5%, tho of course short term the share will overreact down, but not a big deal for us long term holder
Far more (and most) important is the price of gold, particularly in sterling, which is what counts most for us for the sterling profit. This is decidedly worrying, still looks like we should make towards £100k profit, but a 12% fall in gold that we have recently seen equals 36% fall in profit and so 36% fall in share price that we haven’t quite yet seen. So any more fall in gold, which seems quite possible into Xmas, if the 2 month fall continues, is far our biggest worry. So I am not at all sanguine short term but petrified....as still very heavily in Cey ... remain ever hopeful for next year
Hi Prof, I can well understand your reservations after the way that "Pardey" seems to have string us along!
Supercharge, Tibbs, Rebess,
Thanks for all taking the time to post your views in answer to my question.
I hope that you are right and that I am being unnecessarily cautious. I am just worried by the habit in the past few years of missing numbers substantially. It is a very big ask of Q4 to get to 490k for full year although, as someone pointed out a few weeks ago on this board, not unprecedented.
Good luck to all,
Prof
Good spot Cowichan. This must help us here.
Plus only just now did the President of the US has issued a tweet he has met up with Jerome Powell and discussed the price of the USD and his feeling on lowering the US rates.
The US gov. is giving the Fed the license to lower rates and this will help the price of the Gold.
I must admit I like it when Mr T starts tweeting and he is back off his break. I am sure he is a Gold mining shareholder. I also cannot see the price of Gold diving instead I also cannot see the Chinese wanting to rush into a full scale deal with the US. The fact Mr T wants to lower the price of the USD makes me feel he needs help which is more then he is getting from China. I see also no reason for CEY not to have met already what they have set out as if they had encountered problems we would have had a release by now. I have a feeling production has either met or improved on what the doomsters are saying but I may be wrong but if it was a dramatic change for the worse we would have heard something by now - In my opinion.
Gold chart today is showing Gold up to USD1473 and rising quite fast. -happy days.