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This market trick to scare small investors and sell to run with their money, and the tricky actors collect as much in lower price, it happened all the time after CEY announcing results.
Hold on guys, don't panic. long time members here should be able to understand the those evil's tricks.
GLTA,
Dan
Added to my previous CEY long at 98.18 in the trading account.
98.27 buy in ISA back up to 20% in.
WTF is happening? When I left for golf this was 108.2?
I was helping my wife wash her hair and it was 103p and when I got back it was coming back up to 97p. Just added another tranche into the ISA. This is what happens coming up to triple witching. I am not trading but stake building.
It may be connected to the drop in Gold price, but Gold on the way back up again now.
It could br as Dasut says shaking the tree, but also as Tony says 3 witching. day tommorrow.
Crazy , its the market, logic does not exist as we know it.
Be patient ,no panic or tearing of hair ,its normal .
GLA ,have a whiskey.
Not seen it as volatile before of triple witching but then again this has coincided with RNS
Steve, I have. However I suspect gold has put in a double top on the weekly chart and we have seen the peak. It has not broken through $1950 per ounce.
MrBond Fresnello was down 5% at the same time Cey was down 8% and Gold had dropped from $1930 to $1910’ish at the same time …. So I think this more than likely the cause.
Tornadotony as for my wife’s hair, her boyfriend has been looking after it for years…
Still fair play to you for doing the right thing.
Jim Wicloff on Kitco puts Gold down to profit taking.
It will take a few days for normalising ,especially after the Bank chaos of the past days.
IMO
Lol Mr Bond- who knows- where the SP is now is what Id have expected after the RNS but not how it’s got there today! As for Kitco and others, they don’t know much more than us- most are
like football analysts after a game- if a team near the top top wins a game 1-0 with only 1 chance to score- they say “sign of a good team, taking chance and winning - league winning form”, but if they lose 1-0 with only making 1 chance they say “you cannot expect to win a league by only making 1 chance- poor football” lol
Presently it is down 15 cents or 8.43% to $1.63 on the TSX Venture. A little over done here but maybe a good time to Buy
We are talking US market mentality,which it seems affets everyone.
1.63 Canadian is 98.2p UK. Centamin is pricing in $1800 USA gold price at this level.
RazorsEdge, You are so funny, I like your comments about you wife's hair...LOL
At least some here are very calm during the false storm.
Remember in Med 2020 it was over £2.03, it was no reason either to go that high, market game play.
GLTA,
Dan
old and silver prices are weaker in midday early U.S. trading Thursday, on profit-taking and corrective pullbacks after both metals scored five-week highs Wednesday. Veteran market watchers would deem the pauses as being actually healthy for the fledling price uptrends in gold and silver to continue. April gold was last down $9.20 at $1,922.00 and May silver was down $0.197 at $21.685.
Global stock markets were mixed overnight. U.S. stock indexes are higher at midday. The marketplace has been at least temporarily assuaged by news the Swiss central bank has thrown its financial support behind the troubled Credit Suisse bank. Credit Suisse's CEO said his bank will continue its "strategic transformation to deliver value to our clients." Credit Suisse's stock price jumped 20% Thursday. However, many long-time market watchers are "waiting for the next shoe to drop" in the banking crisis. Rumblings in the marketplace say Republic Bank might be the next domino.
The European Central Bank met Thursday and raised its main interest rate by 50 basis points. The marketplace took the ECB move in stride, as least initially. The Federal Reserve's FOMC meets next week and there is a hot debate in the marketplace regarding whether the Fed will raise its main interest rate by 25 basis points, or stand pat amid the U.S. and European banking crises. There appear to be valid arguments for both sides, but the ECB rate hike today seems to give the Fed the green light to hike by 25 basis points.
https://www.kitco.com/news/2023-03-16/Gold-silver-see-routine-profit-taking-corrective-pullbacks.html
Hi Dansul,
Share price not so far out until the "Crack" in the wall forced the disclosure of the years of glossing the Sukari grade problem and brought about the need of $450 million expenditure for waste clear up with the re sculpting of the open pit walls !
These are the main reason the SP is on it's butt!