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I think we are going to see POG break $1900 today, could see us close at 120+
Nice "free" divi... :-). Well done all holders :-)
GOLD will be flying into next week as we are closing above 1860, in a parabolic way this is going 2300!!!
Next Tgt 1905-1920
"Tamped" down by CRIMEX but record-breaking PMI figures just dropped - the hyperinflationary stagflation era is most definitely upon us ...
Quite so Steve, you have always advocated holding , so "Respect!" to you.
More free drinks and golden flips flops to come though for those that hold on tight!
T
I trade a lot Mr T. but I've kept this and added, the hit was taken in Oct2020 which we all know about- since then as time has gone by I've remained impressed by what has come out- just waiting on the license news, I worked in tech all my life, so not a mining whizz, but understand economics, and futures is everything in sale of business, I was lucky enough to work in a PE business that failed to sell due to lack of expansion story- this was rectified and 2 years, international expansion capability story had flesh on it and the business sold for a very big profit... of course, in mining it will take time with new mines, but to move from single source(and a very good one at that), should see the SP move significantly higher- keeping an eye out for license news before 01June2021(end of Q2).
Obviously I don't have access to any market sensitive information, however I feel very confident that share holders won't be disappointed when the long awaited updates and news is released.
Centamin's true potential should become more apparent to the market & share holders before too long!
Sorry off soleCentamin topic!
This week, Andrew Maguire targets the crucial stairsteps for gold and silver amidst the current volatile mix of a strong dollar and rising bond yields, and offers a marketwide update heading into a fast-closing Basel III window.
The precious metals expert breaks down the CME’s seemingly counterintuitive decision to reduce margins into a rising gold price, and shares price expectations for gold and silver ahead of next week’s BIS options expiry.
Turning to the silver squeeze, the long-time wholesaler runs through the knock-on effect of Reddit -driven physical silver demand forcing discipline on the 500-1 leveraged paper markets!
https://www.youtube.com/watch?v=G9uMmBnyZKo
T.
Can’t remember exactly when I bought my first tranche of CEY shares - sometime last summer at 164; have since averaged down. Initially, I jumped on board following temporary closure of part of Sukari mine due to instability (rectifiable), and a decent share buy-in by directors. Average price for me is now 125. Looking forward to watching this go back into profit shortly, and push on from there, which I believe it will do. It is my biggest share holding, and I’m pretty comfortable with that. GLA - have a good weekend.
The BeerStalker
With an average Centamin share price of 125p, you've got a lot to look forward to over the coming years.
The most I've paid for Centamin was around the 160p mark - in 2018. In early 2019, I read a Martin Armstrong article on his blog - I've provided the link. It was suggesting that Centamin was about to have a 'waterfall' event, which freaked me out, I can tell you. So I sold the majority of my holding for about 145p - a profit overall (just) and kept a small core holding bought years before. Well, as we know, Centamin rose much higher and I didn't think much about MA's prediction. Then we had that waterfall event and I was glad I missed it all (except I kept the small core holding which obviously took the hit).
Armstrong claimed his AI computer program predicted the fall, but he knows the gold mining industry so well I'm sure he, and many other, knew the goings-on with Centamin and were bailing before it became public knowledge.
Anyway, that's all in the past and I'm sure there is an exciting future - for the right reasons.
https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/panic-cycles-v-waterfall-events/