The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust 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.
I should have also mentioned it has traded below the bolllinger bands two days running on the weekly, monthly and 3 monthly chart. Its quite bombed out here.
Yes gold and Cey due a bounce soon before going on down, could be quite a big bounce taking gold back to 1900 or even a bit higher, and Cey up to 130 or so if we are lucky and we can open our parachutes up there.
Hi Tony, good to see your posts again after you ducking out of TLW.
Was thinking of thinking in some here, I’ll keep an eye on your posts as well as others I’ve noted with good finds and details.
Deffo think it's at near bottom.
Around 80p is where it will likely drift to. Unless some catastrophic global news emerges resulting in the safe haven known as Gold.
I think it will drift to $10050p
Just my opinion, no evidence, do your own research ...LOL
Pog will go north on senate passing the stimulus package.
WhereGnome? As far as I can see gold I s no longer in a correction but a bear. If the bond (and gold) 20year bull has turned then it is impossible to predict a bottom - this year could very well be loss making for us, as I have said for a while profits will be much lower, because of $200 an ounce non aisc Capex on top of the aisc. Unfortunately we enter this bear as one of the highest cost producers, however we have the cash to ride to 2024 when we are scheduled to get back to 2018 output nd costs, (tho with higher profit share and maybe lower gold).
I can see governments would like to keep interest rates down, Tho markets don’t want to let them, so it is possible inflation will shoot up and gold reverse, but not on the cards jus now, other than a suckers’ rally. Sorry to feel so gloomy but look at the gold charts.
Sotolo you’re feeding the shorters that are posting this morning.
Gnomes post was a reaction to theirs.
Gezzz man
Yes Razors ,they are coming out of the woodwork this morning.
Dear Sotolo
I dont look at charts. The shorters are here today, gone tomorrow. I wish them well in their well trodden path of nonsense.
As I have said previously, I am a long termer. The ups and downs, and the shorters and longers do their own thing. I am sure they know what they are doing. If not so be it.
Bitcoin is like Tulips, but tulips are far more beautiful than an algorithm, but then how things have changed. But algorithms may come and certainly they will go.
Believe me, Gold will be around a long time (even after my own immortality?) after the energy goes out of bitcoin...Somehow the new bright things always seem to be a lot duller than what is tried and proven,, after a short while. Yes you can provide the rhetoric, of how this time it will be bigger and brighter. The argument is dry.
Best to keep your clothes on, as the new Emperor, despite what he thinks, hasn't got a lot on, and is in unchartered waters.
best
the gnome
1700 is the gold price level just before the crash last year...I expect a bounce from that level and a bottom of this downward trend channel from August. Nerves are being tested but patience will be rewarded. The long term gold trend is still strong and upward moving
The interesting possibility lies
1. The gold price is beyond CEY control
2. Given the gold price is going down, CEY management will tighten its belt, and work harder to optimise operations.
From 1, 2 the future margins when the world regains its senses, will be greater. This will be relfected in share price!
best
the gnome
PS Dont worry about the new Emperor!
Interesting post TornadoTony. Thanks.
Hi Steve,
Firstly I hope that all went well with your hospital procedure yesterday and good to have you back to the ongoing debate!
Certainly well bombed out, although unjustifiably so especially when considering all that has been achieved since the early days and the events a few years back that brought about such big changes in Eygpt.
The doom mongers choose to forget that Centamin has lots of unexploited potential and hopefully new opportunities close at hand as well as farther afield and importantly a CEO with a credible strategy to deliver it!
Sotolo,
It's fortunate you aren't in a lifeboat at sea you would have jumped overboard by now, instead why not just chuck the shorter's in you boat and your charts overboard and wait for the pick up you!
Hiya Razor. I just didn’t understand where the illuminating Gnome thought what would fall to when he posted “ I think ‘ it’ will drift to $10050p”. On my opinion of the direction I am no more feeding shorters than I feed rampers when I post reasons gold will rise. I remain neither but a long term holder wondering if stupid to hold now. I think it important to have both voices here, they make the market. However as Gnome points out the company will need to become even more efficient to weather this as in 2013 to 2015 so should come out stronger as it did then. Just may be v miserable between imho
Sorry Sotolo meant to say 'You would feel a lot better, so would many others in the boat with you!"
"Shorter's are odious parasites, best not fed and chucked ti the sharks!
Thanks for your note Mr T- all's well.
I don’t thing Centamin is a lifeboat and remain resolutely in the ship watching ever bigger icebergs waves and holes, my problem is I am very very slow to ever bail out, haven’t here apart from a small percentage since late 2015 when I rejoined the ship having been frightened out in 2013. Now I am waiting in the ship for the pick up. It could be a long time with teeth chattering and no champagne. Feels like 2013 again, can’t wait for 2016. Final thought, when I am at my gloomiest the market usually turns, maybe I am not quite gloomy enough yet tho I notice the pundits are turning down which may be good news. I would be far more sanguine if didn’t need the money now, but will just have to postpone my building. Good luck all
Hi Sotolo
I enjoy reading your posts. This board is very informative and we all need ying and yang to form an opinion. So I don't mind your glass half empty approach.
I will say I've been reading this board for about a year.
You mentioned building work back then. How big is your property? It must be the size of Buckingham Palace the amount of work you're having done?!
I'm saying it in jest. We're all gonna get there in the end, CEY going nowhere, good fundamentals etc. Patience is key for us all.
Hope you're well and staying safe
Dagger
Dagger thanks for your lovely post, I haven’t started the building work. I have planning permission, all the architect’s drawing and engineering is done. In Aug I instructed builders again but while they were sorting building control etc gold began to fall and now Cey has halved, my husband keeps hassling me and I just keep drawing the start out and have to say it is my fault that we can’t start now waiting for it to turn, but it just gets worse and worse and as we all know what has halved can halve again, that is why I worry, not a natural pessimism, but if we start And it takes 18 moths I could be having to sell shares in 6 months or a year for far less.
I believe in the power of positive thinking Sotol, it works more often then you think- picture it and in a lot of cases, it happens :-).
We start a house extension at the end of April, it should be a 12 week build. I am trying to empty out garage and some other rooms. I am hoping to have help from my children and grand children ? Tree surgeon should chop down some leylandii , I planted them when we moved in over 30 years ago. Two gardening mistakes that I made, planting leylandii and planting russian vine ! I hope I do not need to see any Centamin shares, but it depends upon how much over budget the build goes !
I hope I do not need to sell any Centamin shares. Unless, there are major technical problems or political problems, them money printing should produce a higher gold price.