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:))
100.05p
I did say watch the US CPI data at 13:30 lol.
I was on the golf course and saw gold go up- hit my shot next to the pin on the par 3- happy days.
Nice to come back home with a fab rise here- well done all holders!
If all the bad news is in the share price so we don’t get hit with 4th quarter results then our profits and hence share price should rise around 3 times the rise in gold. Plus on rising gold sentiment could take it higher, SO if this breakout is confirmed and IF gold were to rise 10% then we could see 130p, and if news good in December and gold catches on as the flavour more. Conversely if gold falls right back and news is bad we could revisit 80 and further. I am of course hoping for the former, but the break over 1835 if confirmed is exciting and as said often before increasingly negative rate should greatly benefit gold…at some time.
Yep, no one apart from those on the inside know- we are but passengers and take our choice on the known data and how we think it will play out.
Fab to have a nice, large green day- it's exciting when the wave grows.
Pretty much, as expected, all PMs rose well- most think well undervalued at these prices pretty much across the board- let's hope soon the tide turns for PMs...
@SteveJones: "Pretty much, as expected, all PMs rose well"
100% accurate. As I said a few days ago. All boats rise with an incoming tide. Today's CEY rise was 99.99% due to the rise in gold. I just hope PM prices can be maintained. Gold has already lost half its rise today and that will no-doubt impact CEY tomorrow unless PM power back up in Asia.
I think it will hold/rise- the US data at 13:30 was enough to spook many that “transitory” may be a longer “transitory” than the Fed said… here’s hoping - no one know for sure…
Sotolo They won't get hit with 4th quarter results. Quarter 3 marked the end of the unfavourable quarter 2021 results with same quarter 2020 results .
The production for 4th quarter 2020 was less than 70,000 ounces so expect quarter 4 this year to be around 50% higher.. this should boost the selling price of the share quite significantly.
The rise will still be muted though, because the year on year result will still be unfavourable . But once 2022 begins then the quarter on quarter comparison will then be 2021 so there should be no more year on year unfavourable comparisons.
Providing there is no collapse in the gold price then Centamins share price might well have bottomed out when it fell to 89.9p about a month ago
Here's hoping !
It seems that the heavy sellers maybe in retreat for CEY (the OPM brigade), leaving the market for CEY, more in balance. One way to watch the balance is look at how well the CEY SP moves in relation to the POG.
People playing with OPM almost never make the same moves as the investor with real skin in the game, but they can distort the market. The fundies generally have the messiah, who earns his.her keep by making bets with OPM< and of course they are so much better informed than the market, which is why the messiah is the messiah and is paid handomely by OPM's.
We then move into the active versus passive investent argument. As Buffet said ...“Active (the messiahs relm) investing as a whole is certain to lead to worse-than-average results,” Buffett / 2016 interview with CNBC. Of course the messiah does not like this,
...In the 15-year time span that ended in 2019, only 37% of mutual funds (with their messiahs) invested in U.S. stocks outstripped their benchmark index in a given year, on average, according to Morningstar...
US consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge. Its going to be a long recovery. We are trying to source electronic componentry for some instrumentaiton we are building...9 month wait....good luck on the recovery.
Wages increases without productivity increase will lead to inflation ... and that where we are going ...If the wages dont increase, then there will be a lot of strikes, disruption to services etc...and productivty will go further down, prices up...interesting times.
So onwards and upwards
the gnome
Thought it time to repost what I did when gold slid back to ~1846 last night... no change on position for me.
"I think it will hold/rise- the US data at 13:30 was enough to spook many that “transitory” may be a longer “transitory” than the Fed said… here’s hoping - no one know for sure…"
Cowichan, Goldgnome,
Would appreciate your views on the RNS today. Looks good to me, but I'm no mining expert, and only skimmed the 96pages to try to get my SP drivers out of it.