Member Info for Pushmepullyou

Mr Smith do you think that is the correction over, or do you think this is a bounce in the fall. I am inclined to the former having bought more at 100,and sbtx at 19.5

Mr T
As far as I can see, from Barclay figures, in 2013 profits were £183m and our share proce was 40, now profits are below £100m and the profit share has kicked in but share price is still morendo than double.
So management in my opinion are rightly not buying back the shares while still relatively expensive
Worse looking forward when you add in the extra costs the profit per ounce is about the same as when I bought in at 56p with gold at 1060. Plus profit share has kicked in.
Incidentally a week has elapsed since you said, on basis of A.M. view, price of gold would soar, though you wouldn’t put a figure on it. I thought it would fall to a little over 1200 this week and 1180 within a month. Well it has done more than that in a week. One day AM has to be right and gold price rise, but as Keynes pointed out by then we may all be. dead, or very poor on his advice, all only my thoughts and respect yours

Thank you Mr Smith

Most posters on these boards are emotionally influenced by holding shares, thinking they mist rise, it is great to find an unencumbered poster who can see the falls too.

This is now down to 10% above the director paid, Mr Smith how much lower do you see it going and then do you see it turning back up again

Finally Mr Smith do not be put off by critics who do not want honest discussion but only to see the share talked up which is ultimately pointless. I have seen people hounded off miner centamin board for saying the price would fall when it has nearly halved. Many of us appreciate the likes of you. The point of these boards, like markets, is to synthesise opposite views.

Tiger good to see you here too and love your knowledge of early German. Sadly I have to agree that gold and silver sentiment are what is mainly affecting the price. Let’s hope the wait for them to turn is months not years. Good to see our company entering this very difficult time with less debt and reduced interest rates. Let’s just hope PM prices don’t fall so far that we go into loss and debt increase again

Tibbs you are a fabulous human and being a smile to my face. Wish cey did, just sold a few more.

Mr T, us older white gents tend to have a jaundiced view of life and think back to an imagined better world - one of the reasons majority of older white men supporting Brexit.
I strongly recommend you read FACTFULLNESS Ten Reasons We're Wrong About the World – and Why Things Are Better Than You Think by Hans Rosling,
Good news at last: the world isn’t as horrific as you think Training yourself how to put the news into perspective – practising ‘factfulness’ – will change your outlook for the better
Also I would try radio 4 again, look at today’s schedule from a programme about Gladstone’s axe and his love of chopping wood to a history of ideas to a documentary about midwives and the wonderful economics with subtitles, and another about charities raising money. Tibbs the world is a wonderful place even if we are old and has never been better. Like gold look at the statistics. FACTFULLNESS will cheer you up. In fact I’ll happily buy you a copy. And the writer has lectured many top businesses and politicians about how they too misread statistics. Have a lovely day. And keep selling just now as the world is too good for gold just now.

I am sure he is right and there are many scams in the commodity markets that effect shot term prices. However the rising American rates have put off me and many other buyers around the world including investors who have taken lot out of etf’s central banks etc. There are huge futures markets from corn to cocoa which try to predict prices and are open to short term herd mentality and manipulation. But in the end as in gold supply and demand find a price where they balance Shame about tumbling gold demand but entirely see why as I too have been a seller. As said let’s end this one and listen instead to the daily radio 4 lunchtime broadcast on how to disagree.

I am afraid that would make no difference as it is demand for real gold that is down especially investment demand but also central bank demand and industrial demand, and as figures are lagging I would expect with ld falling so far out of fashion the demand is now even lower, as evinced in the price. However if you continue to believe in some convoluted conspiracy of crooked people ganging up to sell and lower the price, of course they’ll get their comeuppance when they have to buy back the futures they sold which will be dramatically lower and lose them lots. If....
Anyway let’s just agree to differ
And let’s see if you an AM are right and gold soars this month, hope so, anyway enough of this, good luck

Ah all that demand and lack of supply would explain why the price is soaring Only it isn’t becaus people like me are looking at the fundamentals of rising interest rates and not buying - Investment demand is down If price of gold was shooting up I might be prepared to consider that all the statistics showing lower demand were cooked Only the price is falling and they aren’t But the worst thing is all the charlatans try to suck buyers in only for them to lose more As said let’s see if AM is right and price soars because of all that demand as I sincerely hope Or the price continues to fall with lack of demand or belief in the metal as a place to be just now The proof is in the pudding Just hope you are right despite everything suggesting you are not

Ps I hope AM is right for once, and you, that gold will imminently soar as still a holder, it don’t imagine so as said with rates and economy and thus demand against it

Well my guess yesterday was gold 1205 in a week and 1180 in a month, but seems to be going faster.
Anyway enough for you to say, on basis of A.M. it will be higher and me lower
And then let’s see where it is in a week and a month

Thanks Mr Smith,you have been spot on so far
The rebound has been greater than I though but personally I doubt if it will go below a pound
But it had gone too far too fast as you suggested
So what do you think next?
And thanks for being more prescient than most (although wasn't difficult to predict a big pull back at 130 but bigger than I thought)

Thanks Tibbs for the understanding.
If you think gold is about to take off what do you guess the price will be in a week and a month?
Then I’ll tell you my guess and we can compare what happens and if Mr AM is finally right,
So far gold has continues to fall due to lack of demand with the rising opportunity cost of holding it as the US economy continues to grow and interest rates rise.
Have a look also at the gold forecast with Gary Wagner, who has a good record of calling the price, and who recommends staying short.

Dearest Rebess
No need to swear just because my brain isn’t big enough to understand your sure fire winner
It is of course my mistake but it does say, and I have read it all, that 30% of the tokens go to advisors founders marketing management etc, I wasn’t aware that marketing were paying full whack just like anyone else.
As said please show some respect for your fellow members however stupid you may think they are, and vice versa
Nite nite and sweet dreams of blockchains and sheep
Ps interested you think if gold was back where it was before the production warning, the share price would also be back near where it was, so you think gold is what has affected it and the temporary production reduction is drifting into history.

PS so it remains my view that if gold was still above 1300, CEY would have recovered most of its fall

Yes the price tumble 20% and more and it has stayed around there. In the meantime Hoc and Fres, both now digging lots of gold have fallen over 20% too, just over. A longer period, and other gold miners more. Many had already falling more than cey back in late May, which had some catch up to do, in my opinion.
It is not my eyes aren’t open, just that I see things differently to you and Tibbs
That is why there are buyers and sellers in markets, competing with opposing views to create a price.

I respect your views which are just as likely to be right as mine. Kinesis might take off but if I read it right you get 70% of an ounce of gold for 100% of the price, though maybe I read it wrong, and I am not at all keen on A.M who keeps calling soaring gold, though hopefully one day he will be right, and as Keynes would say, hopefully before I am dead. But maybe AM will suddenly turn out right and Kinesis will soar? This board in my opinion benefits hugely from multiple views with respect for, and listening to, each other.

Belgrano it is tempting to offload as Skin nears 30 as it must pull back now, before having a go at charging through? However timing the market is hard, the spread is wide, you cannot buy or sell seeing the price except in tiny quantities, at an online dealer, but have to trust 'at best', so all in all seems easier not to try to be clever but ride the pull backs and the rises. So far my temptation to sell off on the ups has been rewarded as the pull backs have not been sufficient to make it worthwhile.

point taken
I was looking at moves of PM miners' I know from their tops, so RRS around 35%, FRES 40%, HOC 50% OMI 80%, many of these moves have accelerated recently while CEY has only been falling slightly, and the fall from its top is similar to RRS even if more of it was in May and June, but often these shares play catch up

As said before the production fall was a blip that is now gone from the share price that looks forward.
You can put cey’s share proce fall from before the production announcement, around 30% to date, entirely down to the lower price of gold and mining inflation. This is shown by rivals having fallen as much or further.
Management sadly has no control over the price of gold or oil.

Apologies the spell check altered my last post which should have read:
Cost the shareholders dear?
CEY has trebled my money
Not their fault if gold tumbling now