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Daily cycle low taking place in gold right now...in my opinion take positions tomorrow....gold needed to correct to take out dumb money and technical traders
Yes not good at all
Wow, gold is really taking a hammering right now. Not looking good for tomorrow..
Yes Aofie, the Jensen automatically drove to the next petrol station.
Lovely styling, but huge US engine.
Final choice great, remember selling mine cheaply, now try and buy an original.
Hi Mr Tibbles
I was referring to Mr Bond and Cowichan about being gentlemen in the way they argued and gave each other a slice of tongue pie, but quickly realized they wanted the same result (as we all do) and agreed to reamain friends. That's not to say Mr Goldgnome isn't also a gentleman despite his hatred of all things economist!
Yes, birdsong woke me up just after 4am this morning. I think the rooks and my mother are related - they nag their offspring just as she used to me - get up, get dressed, do your hair, eat your toast, put your shoes on blah de blah. No wonder I've got bags under my eyes.
Yes, I think predicting share prices by charts is difficult. You can get some kind of pattern in broader markets. The link below shows the gold price over the last 5 years in sterling. Since the high, we've had a perfect ABC correction and are in a little 'correction' from the first leg up after that - I reckon £1300 ish and then we go up. The FOMC meeting has given the shorts a chance to cover and I say Centamin fills the gap at 107.4 and then we're up. I put in a buy order today for 107.4 but didn't get hit.
https://www.bullionbypost.co.uk/gold-price/5-year-gold-price-chart/
Basel 3 is important to Germany, Italy and France because they own significant amounts of gold. Britain and American are Keynesians and don't see gold as important. Just because the dollar goes up doesn't necessarily mean gold will fall. In fact, we'll know when the game is finally up when gold and the dollar rise together. With all the debt in the world, which is primarily dollar denominated, a strong dollar will cause a deflationary depression 1930s style and some.
Big money can only really go into bonds or equities. My mate Martin says money is fleeing bonds and going into housing.
https://www.armstrongeconomics.com/markets-by-sector/real_estate/real-estate-alternative-to-bonds/
Here is a nice car for Mr Bond.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1970-jaguar-e-type-42-series-ii-coupe/
Here is a nice car for you.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1975-jensen-interceptor-iii-auto/
This is for me.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/raleigh-chopper-mk2-purple/
Oops, wrong link. This is for me.
https://angliacarauctions.co.uk/classic/sat-26th-sunday-27th-june/1967-sunbeam-alpine-series-v/
We just need Centamin at £2.50.
Looking like bad day tomorrow, this share is not turning out to be what I expected, should have known better with the high div
Thanks Jerome you ****er
And more than likely the FED doing the same, now they have dropped the price so quickly.
Very good plan ,well done J Powell,.
Gold prices drop sharply following optimistic Fed Res that could raise rates in 2023.
The US Market is thinking 2 years ahead now. :-)
The Chinese and Russian s are likely loading up with physical this very minute.
Spotted in their June 11th Annual Meeting Presentation.
https://www.b2gold.com/_resources/presentations/2021-Annual-General-and-Special-Meeting-Presentation.pdf
B2Gold is calling the project BARRAMIYA1 but it comprises several historical gold working areas like Umm Hugab, Umm Dalalil, Samut, Abu Mireiwa and Dungash — pretty much making B2Gold Egyptian neighbors with Centamin's Sukari mine!
Will this lead to cooperation/amalgamation down the road? B2Gold does has great AISC numbers at present, but I digress.
Satellite imagery shows an awful lot of historical excavation already in progress at Abu Mireiwa in particular although I haven't imaged all the other workings which may be similarly active.
Check out some photos here -->>
https://twitter.com/DonLawson_/status/1405227952791425027
Sorry Don, Microsoft added an e to your name!
Hi Done,
I agree entirely with your thought's on a job for life, but that requires commitment and trust on both sides and few employers are willing or able to offer a guarantee of job security, which has benefits for both employer and employee.
Th NHS might be considered, possibly the police service are two of the few reaming employers that is able to offer any long term job guarantee, but even then the terms and conditions of your employment contract are likely to change whether you like it or not.
We can thank Thatcherism and her decimation of he unions and to some extent the privatization of most of the public sector and utilities sector.
Tormadotony,
For some reason my last post uploaded before I had checked it for typo's,so apologies for that.
You mentioned an approaching hospital stay, so I do hope that everything goes well for you.
Tibbs
Point taken Goldgnome. Giving all you got for a fixed period of time then moving out to give the next man or woman a shot does have its merit. I wonder if that same rationale works for all industries or careers though. My brother is a postie (is that what there called in Oz?) and it probably wouldn't do well to walk after 3 to 5. Neither the nurses and pharmacists or doctors building relationships and specialties. Gosh, all my favorite teachers are (were) still at their posts well after I graduated and I certainly appreciated their dedication to an institution. Call me old fashioned but I still think there is merit in long-term commitment to a single employer - especially when you are successful in your role.
I could see it being logical if this employee was finished with Cote D'Ivoire but that is not the case. He's now going to use his extensive knowledge of the country, his connections and on-the-ground know how for a rival company (which gives Andrew Pardey and tangaresources.com.au
great excitement!)
Centamin has many more concessions in Cote D'Ivoire waiting to be drilled out besides those already with a resource (I counted nine under Centamin and a couple under Ampella - see screen shots here - areas with red outlines -->> https://twitter.com/DonLawson_/status/1405189535131074564
I would like to know if we have a better in-country replacement? And if so where is Centamin's hoopla welcoming him or her into the fold?
A company is only as good as its people and if you have some valuable talent those individuals need to be nurtured, challenged and yes even lauded or you won't keep them around.
thank tony.
Seems Cey is making a comeback
Astro,
The Chinese decided to hammer the other commodities except gold, when they said they were curbing future contract buying as the prices were to high (Bloomberg this morning) and hence Poly and Fres that sell a fair amount of non-gold mining product got more of a spanking. Tony
Tornadotony,
Thank you for the reply, there wouldn't have been an election in 2019 were it not for Joe Swinson who had her bum in the party leaders seat she pursued the misguided notion of becoming P.M. somewhat unlikely though without proportional representation only the two main parties stand a chance of a majority to form a government.
Having said that the choice was somewhat limited in fit for purpose candidates accross all parties , although party leaders change, unfortunately what we ended up with as a government was'nt at wise choice to say the least.
I quite appreciate your point concerning differing opinions on share performance, however often less experienced traders or investors don't have your experience and may well regard a brief statement of "The chart not looking good "as confirmation of impending meltdown.
It is understandable that newer entrants to the markets may get the impression that the charts are reliable indicators, BUT in reality they are only records of what happened at a given time under certain circumstances in the past, as we know we can all be experts in hindsight, although predicting the future is quite different, especially with the present contradictions and lack of credibility in so many governments policies and statement's the world over.
If charts were such a reliable means of predicting the markets then surely it would be a simple case of buying the appropriate software, familiarising one's self with it's use and then get down to trading making handsome profits, buying and selling at just the rights times until the desired fortune is amassed and then sail off into the sunset to a sunny retirement, but how many chartists achieve that, very few!
Possibly chart's are more of an aid to those that manipulate the markets than many realise , the dance masters (MM) are aware that many traders and investors will be following the same secquebs of movements in and out of the last waltz up and down the indices so the markets makers know just where to put in all the trips to knock the particapant sout of step and falyt on their face!
Why Cent doing so well another miner SP Fres and poly are in red? plus gold price has drop today?
Mrtibbles
I take great pleasure in knowing that I did not vote for the current idiots in power. Sadly the choice available back in 2019 was rather poor. I also was not amongst those in need of healthcare in 2016 and actively using the NHS to go out and vote for Brexit that has resulted in a massive shortage of NHS and nursing home staff. Sadly stupid people do harm to themselves and everyone else around them. Intelligent people help others where it has benefit to themselves as well and they are neither helpless or acting as bandits in what they do.
It looks as if CEY has held 110p today. June has only 10 trading days left and a bottom goes in at some point. I should also comment whatever gets written on here on share performance is only opinion and everybody should do their own research. It does help sharing opinions if the aim is trying to be intelligent.
All the best (I am in an NHS hospital on Friday but hope to be in action again by Monday) Tony
hello Siko
any update with reference new licence agreement in Egypt? please email me gjparackal@hotmail.com
many thanks
George
Torandotony,
Yesterday you stated "Chart is not looking good for Centamin at this time." strange statement for an "optimist" and likely to cause unnecessary panic amongst some newer investors. possibly causing then to make hasty sell decisions.
Yet instead you could have calmed concerns and offered newer investors some reassurance by posting what you already know from your past experience and you posted this morning,
"Centamin and gold are doing what they have done quite frequently in the month of June. In fact if we put in a low this month the probability from fundamentals and charts is for a mid-summer rally"
The present government policy on Covid is shambolic to say the least and cannot be relied upon !
It's all very well being optimistic but there is also a strong need to face the true facts which are that the NHS is no longer providing the service it should and Covid is being used as an excuse for failed government policies.
Any essential business or public service should have spaer capacity and contingency plans to deal with the unexpected (Pandemics), accepted there may be some initial interruption in the provision of routine surgical procedure's and treatments, but 18 m0nths is unacceptable !
Its somewhat difficult to see how anyone who is now going to be waiting four years rather than two for surgery can be optimistic!
Agreed RedSparrow!
The world needs more people like Cowichan and Mr Gnome, unfortunately people of their caliber with honest values, integrity,understanding, compassion, technical and professional experience, even plain common sense rarely stand for parliment any more, and even if they did their inability or refusal to lie, deceive and thoroughly gorge themselves to bursting point from the over flowing trough of political privilege and plenty whilst the people and our world are treated with contempt and disregarded would prevent their chances of ever rising up the greasy political career pole!
Our present government of odious lying, greedy, deceitful parasitical and thoughtfully obnoxious and inept politicians are a testament to that!
There are good decent unselfish people the world over that achieve many marvelous things despite of, not because of the majority of those that are in charge!
Is this the floor ????? Surely if inflation rises, then gold rises , I hope that if gold rises, then Centamin also rises. But I could be wrong !
Morning.
UK #inflation rises to 2.1% in May, first above 2% reading since July 2019.
Core #inflation hits 2%, 0.5% higher than expected.
Quadruple that for the real-world reality of course.