Member Info for Pushmepullyou

Coat the shareholders dear? He has trebled my money Not his fault if gold tumbling now

Famous last words “I don’t think the gold price will fall that much more” Mr Tibbles I admire you for your politics and your decency but interest rates around the world continue to rise and QE is reducing even in Japan. If inflation takes off gold may turn but there is nothing fundamental tempting buyers now, and like any market with fewer buyers the price keeps falling. Of course the management matters but they do their best and have been good to us, production will recover, but the fall is less significant than the falling price of gold and rising costs, and is temporary So I think exactly the opposite of you, but markets need buyers and sellers, we will see which there are more of But I remain very very worried about the most important influencer, the price of gold,still heavily in miners, whilst you are remarkably sanguine thinking quite different thing influence our share price and gold will fall little further Time will tell, I hope you are right but not recently

Oh if only you were right
Sadly gold miners are not earning fat profits, most Sputh African mines already losing money and that was at higher gold prices, likes of Randgold Hochschild etc on high pe’s already and that was on higher gold and before oil inflation had rally taken off. At current gold prices and increased costs next profits will already have been dented.
Cey is one of the few that has been on a reasonable pe because of the court case holding back the share price, but even we will not be making great profits under triple whammy of falling gold price, rising costs, and falling production
The only way one might think the miners are earning fat profits would be if one thought any profits are fat and undeserved which is certainly a viewpoint but not one that would encourage one to invest in miners either.
However gold and miners must be due a bounce as so oversold but what then,

IF I understand Kinesis the problem is if you had opened a Kinesis account with gold at $1900 you would have halved your money is sterling now, plus no interest which will begin to matter as interest rates rise (and largely why Inthink gold falling)
So while @few like us may want to gamble on the price of gold I don’t quite see why most people will
There are many many many digital alternatives competing
I may misunderstand Kinesis, but I am not expecting it to change the gold price. As ever I hope I am wrong, as gold continues to fall.

Oh I do hope so and AM is finally right, I have nothing against him and really hope one day he will be proved right, just so far ....let’s speak after the Kinesis launch and see where gold and cey
Nice to see cey holding up well against other miners
And Rebess May I highly recommend a book factfulmess about how the world is improving and mainstream journalism from the Times and BBC get more honest and hold the world to account. Unless you live in Tonbridge Wells where of course everything is getting worse and all from journalists bankers politicians and investors are unkind people out to get us. Do read factfulness if you get a moment as may cheer you up!

hedgehog. https://www.gold.org/research/gold-demand-trends Explains the gold price fall simply and clearly, that makes sense While MaGuire and other pundits continually say ‘buy our gold’ it is soaring, but it isn’t because of lack of demand You pays your money and chose your pundit but I go for those whose simple explanation based on fundamentals from miners and demand shows why prices are falling Just wish these salesmen who are talking it up were right Be careful as more to lose

And yet AM continually calls it wrong year after year

And eat Andrew MaGuire continually callsbot wrong year after year

why is it that the gold miners who have every interest in pushing demand say that it is falling. There are many of them, they are the real professionals and their trade group council shows falling demand, plus the falling gold price sadly proves it. Oh that you were all right and gold soared but sadly without demand it can’t

The website Andrew MaGuire seems to often write for is called Kingworld, I haven’t been able to find anything else about German and Swiss banks refusing to release gold that has been deposited and do not know for how long.

However you pays your money and... MaGuire has said gold is going to soar for ages as have many other sites like the money changer. I find Gary Wagner of the gold report seems to have a better record of calling the market, yesterday he said “The major difference during this current correction is that today gold traded to a lower low than the previous low.At the same time, technical traders identified a “death cross”, which is an indication that a short-term correction has now become a long-term trend. These two events occurring in a short time span could be the first technical evidence that the bullish market sentiment which has been so prevalent in gold since the end of the multiyear correction has now ended. It could, in fact, be signaling that the bear has woken up.”. Scary stuff if the last 3 years has been a dead cat bounce in a very long bear.
So I do hope AM Tibbs Rebess etc are right, I fear very much they are not.

If this is the case it is not adding to gold demand. This gold that is already bought. Same as cash, everyone can’t withdraw all their cash at once then you get a run on the bank. However I really am not sure there is any evidence of a run on gold, and banks buying tons of it for savers who want to withdraw, and if there were the price would be rising. Occams razor again.
Andrew MaGuire like many gold salesman has said gold is about to soar for years. Instead it has remained much in line with inflation for a long time, and certainly last few yeats.
Oh it would be so lovely if Mr MaGuire was right and we were all suddenly very very rich, but in the mean time we are gently losing money as demand for gold falls.
Oh I so hope I am proved wrong but I fear you will be.

Yes you are right all this talk of lack of supply and huge demand must be nonsense. In fact maybe gold is falling becuase of is lack of demand not lack of supply which is just what you would expect so well spotted Rebess and welcome to the land of Occam’s razor which say it is usually the simplest explanation that is true, in fact it seems supply is marginally up, but investment demand is down because of economic news and forecasts. this simple explanation would mean falling gold which is what we have:
Gold demand 2018 Q1 of 973.5t was the lowest Q1 since 2008. The main cause was a fall in investment demand for gold bars and gold-backed ETFs, partly due to range-bound gold prices. Jewellery demand was steady at 487.7t, as growth in China and the US compensated for weaker Indian demand. Central banks bought 116.5t of gold (+42% y-o-y). Technology demand extended its recent upward trend, growing 4% y-o-y to 82.1t. The total supply of gold increased by 3% to 1,063.5t, primarily due to a modest increase in producer hedging. Mine production was fractionally higher at 770t.

THANK YOU CENTAMIN
Recess There are lots of miners spending all their cash and more in an attempt to grow, that you can choose to invest in
Most South African miners I read today are losing money, you can choose them too

But I can’t think of any other good gold miner you can invest in that returns the cash to investors and pay a dividend as high as Centamin. I don’t know what you are talking about our company retaining mountains of profot as cey pays out almost all it’s profit to us shareholders only keeping enough, and unindebted to survive any downturn unlike rivals. What a great company.
So either choose from all the other gold miners or please leave one, Centamin, for shareholders like me that appreciate it thinking of its shareholders and paying us profit as juicy dividends, rather than destroying value as other miners have lost billions.
Thank you Centamin management and please continue not to waste money like almost all the others, it is why I invest in you and continues to hold,, sadly this year the cash and dividend will plummet but next year should be back again

Rebess
You ask compounding for what purpose? Compounding interest makes money. Einstein called it the 8th wonder of the world Warren Buffett has made around $60,000,000,000 compounding: “All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies”. High dividend companies with gentle growth over the long term make more money.
If you want a fast growing miner gamble on an explorer and probably lose your money. Centamin is an investment.
Sadly there are not plenty of other stocks that pay dividends as high as Centamin, last year, just 6 in the FTSE 350, and better CEY is a great company that does this, as it has such a very special dividend thanks to the overhanging court case.

Cey is not moribund.

It is the huge amounts of cash not being put to better use that make this company so attractive
Instead of pouring into useless exploration or purchases, with which other miners have destroyed billions and billions of value, they give it back to us as a whopping dividend. They have a great balance sheet which is protection if gold prices tumble
So if you think gold has a chance of rising against its current economic headwinds this is the miner to choose, and with 30% off just now! You will do well though the price might fall before it rises, and it is the compounding effect of our wonderful dividends, as Buffet would say, from all that cash that makes this share for me.

The management told us in late May, at least, though their optimism in early May is somewhat surprising to say the least!

You have made it quite clear you think investors should only talk theri shares up on these boards, and if bot investors shouldnt have any opiniom.
My belief is this board has little effect on the price so it is fine to say what one thinks.and even helpful to read divergent views.
Presumably little or no divi this year,
But hopefully back to normal next...??

Last week I said production would be lower than most guess this quarter
It is, but the board told us and why
Sotolo siad back in May at the time of the warning the share price should fall to around the 90’s
I am waiting to see what is happening with costs but profits pumelled this year

They fall should be priced in, as the warning implied around 25% reduction which is what we got and why I said at the weekend if guessing it would be much lower than any of you lot. Looking at the metrics there shouldnt be a further fall if investors had read the May warning. Unfortunately as also said in that post cey share price like this board has been ignoring this in the last few weeks as cey stabilised as other miners fell, in fact others were driven from this board for saying 125 was a fair price with gold higher, and that as godl fell cey should Fall further too. So now I guess another fall to bring us to fair value, but mitigated by the gold price rise this morning. Sorry Mizolgit that you find my posts confusedand garbled, but there are a lot of metrics to look at and a lot of sentiment and belief that trounces them shot term. And sorry Sparkle but I have often asked the board to play a game which would be meaningfull as we were warned by the board that the production would be around this but not the aisc or godl price, but not a single person here has ever been willing to predict the gold price in a month and a year. And all insist on everyone who stays here predicting a higher share price and higher gold, and it is unfair if they dont rise. Finally I shall be holding on as usual although like another poster driven off I predicted an eventual fall to around a pound in May. Good luck all and apologies for my garbled posts which so annoy, but then the true picture seems to do that more and more everywhere now.

Thanks Mizolgit I won’t join in as you suggest, as yet again not a single member of this board is willing to predict the price of gold in a month or dec31st, nor our share price in a. month or dec 31st, nor aisc. The concentration on sales not cost of sales or profits is marvellously irrational, it worked for Amazon because growing market share so fast, while losing money, but not for most companies where looking at sales not profits leads to destruction. Lucky our board isnt us. I will be looking at costs tomorrow and going forward, worrying about POG and hoping our board isnt pushed to waste money on exploration,and instead concentrates on rducing costa and above all returning it to us.