We would love to hear your thoughts about our site and services, please take our survey 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.
Has anyone counted how many private jets there are as the delegates arrive for this climate boondoggle?
That would be very interesting. Hypocrisy and Do as I say, not as I do spring to mind.
Hi Paul, when the GP dipped to 1825 in October, the back of my envelope says Cey will have recovered somewhere in the region of a million bucks from the put option (would appreciate anyone else's maths on this - I make it two weeks at an average 1850 means they could have recovered 50 bucks an ounce on around 20,000oz ?) That means they're still around 5 million in the hole but still have 20,000oz a month guaranteed at 1900 until the end of June 2024. This seems a sensible move when you're about to plough $400m into the ground in West Africa?
It’s old school and the clever, successful traders have all moved on-
Gomez trying getting that point over to all the Kitco and Gold News analysts. The editorials are full of both chart and fundamental analysts.
In this AI world charts are pointless- and have been for a long time - things have moved on, and data availability and algos work differently these days- charts are old school
Weekly stochastics on gold are 100%. Daily RSI is on 69. Gold also on a rally in the UK market but has now gapped out USA. Usually USA market closes the gaps.
Steve
Charts usually do not go up in straight lines. Quite often we get dips on the way when it is overbought, the share gets refuelled after some profit taking and we see higher highs and higher lows on an upswing as it gets rebought. The RSI indicator I am looking at is the daily. Perhaps someone is taking a punt on drilling results which is the news you refer to.
All eyes are on Dubai as global leaders and scientists meet today for the 28th UN Climate Change Conference (COP28).
The Ganges is one of the most sacred rivers in the world and yet is also one of the most polluted. Oliver Franklin-Wallis discovers the true cost of cheap leather goods.
https://www.bbc.co.uk/programmes/m001sv3l
Hi Somnamna,
I have expressed to Centamin IR many times over the years that it needs to be "Blowing its own trumpet".
It was Buchanan that persuaded Centamin to start doing the investor meet web presentations but the new PR company seems to gone to sleep!
I just think it's another example where the charts are just a pure 50/50 gamble- a stock can only go up or down so it's 50/50. I prefer key data which drives SP, charts just reflect this data.
It has become way overbought and continues to go higher. RSI now approaching 80. When shares get overbought it is tricky to join the rally as at some point one expects a consolidation pull back for 2 or 3 days. Yesterday ended up flat but the RSI hardly called down at all. Certainly lively this morning.
Without jinxing it, it is nice to see gold seems to be holding up fairly well over $2000 and nearer $2040 (Hoping there isn't a Friday smackdown) .
I think Centamin were working on an average gold price of $1850 for the year and I'm pretty sure we have been above that for most of the year. How will this affect profits?
Also with regards to hedging the gold price at $1900 ( i think), well it seems a bad move now, but was probably a good move as cover. I'm pretty sure that they (and us) wont mind the cost of the hedging, if gold stays around this level or rises.
Hi Tornado, probably a sensible approach, but again "wait and see", what I would like to see is something more positive and proactive, e.g. CEY "blowing its own trumpet"and feeding positive news to alleviate the present negative perception of CEY. We know the press are cut and paste merchants and analysts need feeding with information.
If the chart said overbought a couple of days ago so why does it keep going up?
Somna
Lets wait for drilling results first.
Ok all is good in the world the court cased is closed but what is CEY doing to promote this tremendous event? Also what is CEY management doing to communicate the yremendous impact on development opportunities? Seemingly zero on both counts? If I am wrong l will be happy to issue a retraction.
Major European stock indexes traded higher on Friday during the premarket session in anticipation of the German, United Kingdom, and Eurozone PMI manufacturing data that will be released in the coming hours. In addition, UK housing prices will be revealed today as well.
The DAX added 0.13% at 8:00 am CET. The CAC 40 improved by 0.19%, and the pan-European Euro Stoxx 50 rose by 0.40% at the same time. The FTSE 100 increased 0.37% at 8:13 am CET.
The euro traded 0.22% higher compared to the dollar at 7:58 am CET, going for $1.09095. The British pound gained 0.13% against the greenback to sell for $1.26401.
Baha Breaking News (BBN) / DD
Happy Friday y’al
Enjoy your weekend.
POG currently $2041.36
Daily RSI goes higher to 78 and slow stochastics on daily are at 100. Some of the other miners stay flat as they try and consolidate.
What we have to hope8# that gold repeats its rise of many years from Nov to spring/summer, so far so good, these are rises from end Nov (ie as now) all approx
2015/16 +20%
2016/17 +13%
2017/18 +20%
2019/20 +30%
2022/23 +15%
No impediment at all to taking over Centamin(at the right price) as Endeavoir tried (but not thought enough) but as I was saying and you point out they only get half of Sukari which they have to share with Emma which might put off many large miners? So we quiet agree
Ah ok cheers Mr T
Hi Somnamma and 3bear, I appreciate that the last paragraph in my post may have sounded critical or sarcastic, it was badly worded, if I can expand on that, I was wondering just why the appointment was being made and the reasoning from both of you for the appointment seem very reasonable and make good sense!
Thank you
Tibbs
Hi Sotolo - There is no impediment to the taking over of Centamin. - Centamin is owned 100% by Centamin. - Are you confusing Centamins 50% stake in Pharoah, jointly owned with EMRA?. - A takeover would include this arrangement along with Centamin's assets in other ventures, including the new Egyptian licences.. - By all means come back at me if you think this is not the situation. - Always willing to learn.
We shall soon find out if a bull trap is being set up for later on.
Steve,
Euro has fallen this morning and USD gains. Centamin RSI is through the roof around 77 on daily. We had some 9 am buying to get us back to flat on the day. Gold double topped briefly overnight. With two red hot months we could see a pullback next week just to get rid of all the overbought signals on gold and gold miners like Centamin. I expect it to to go higher in January and maybe later on in December as we get more RNS outputs from Centamin. Things do not go up or down in straight lines for the most part. Tony