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I have no experience of how gold behaves in an upward trend, I have with crude, but gold is different I think it could continue in the same manner as this week for another 2 or 3 days which may well bring the share price to the £1.60’s or even £1.70’s
But I am very inexperienced, it’s a guess.

I mentioned in a post that I was harbouring a belief that Centamin would go to previous highs of £1.55
I thought they’d get there before the end of the quarter, not the end of the week!

+ 1.42%

And little danger of gold turning the other direction.
It’s also refreshing seeing £2.20 — £3.00 valuations mentioned as usual my thoughts on a Friday go towards the weekend press, if we could only read about £2.20 to £3 in the Sunday Times

Shares on the European markets traded lower in the premarket on Friday as the focus went to IHS Markit data reports scheduled to be released later in the day. In business news, Allianz SE posted that its revenue in the fourth fiscal quarter of 2019 grew 7% on an annual basis. Around the same time, the official data showed that the number of coronavirus cases reached 76,723, while 2,247 people died from the disease so far.

The DAX traded 0.14% lower at 7:34 am CET, while the FTSE 100 dropped 0.23% at the same time. The CAC 40 lost 0.18% concurrently.

The euro was flat against the dollar, selling for $1.07920 at 7:35 am CET. At the same time, the pound gained 0.08% compared to the greenback to go for $1.28919.

Breaking the News / ND

Gold in premarket is currently $1631.88 + 0.76% The eu trade an hour earlier than the U.K. so the price could go either way before the U.K. begin trading but it surly looks like the recent run is set to continue.

Happy Friday y’al...

Hello mrtibbles, I wonder if the court case was resolved would the market interpret the conclusion as a major shackle removed.
I believe there was a time in the past that cc was like a bone in the throat for Centamin.

My RTQ app is showing Centamin closed on the high of the day at £149.60 (of course this may alter)

raw,raw,raw!

The current market share price is made up of the market’s current understanding of the state of the company blended with the price of gold, if the company was to now release some positive news the market has no choice but to award an even higher share price valuation.

Come on Centamin say something nice!

...on fire $1621.19 now

Just touched $1619.26

A couple of years ago when Centamin were selling at £1.55 a share gold was $1,300.00 an ounce, just saying!

(I am grateful by the way, for every penny)

Currently 1617.84 per ounce

European stocks were lower in premarket trade on Thursday. Investors were watching on French insurance firm AXA S.A. reporting on its earnings and they are still waiting for Lloyds Banking Group plc for their quarterly announcement. Also, coronavirus seems to spread at a much faster pace. the latest information on a death toll is 2,128. The number of infected people is 75,727 while the number of recovered patients rose to 16,448.

The FTSE 100 was 0.08% down at 07:32 am CET, while the DAX lost 0.11% at the same time. The CAC 40 decreased by 0.13% at 7:33 am CET.

The pound traded 0.14% lower compared to the dollar, changing hands at 1.20950 at 7:33 am CET. On the other hand, the euro was 0.16% down against the dollar, going for 1.10791 at the same time.

Breaking the News / TF

Another rehash, this one by “Egypt today”, read it or no.

https://www.egypttoday.com/Article/3/81810/Egypt-in-talks-with-companies-to-promote-new-gold-mining

https://www.cpifinancial.net/wealth/news/egypt-set-to-float-gold-exploration-tenders-by-march-2020

European stock markets traded mixed in premarket on Wednesday with investors focusing on the coronavirus outbreak in China.

The COVID-19 woes were somewhat eased, large vehicle-makers such as General Motors, Fiat Chrysler and Toyota expect their virus-affected production in China to restart soon while German car manufacturer Audi AG already reopened its plants in the country on Monday.

Meanwhile, the death toll from the virus-related diseases rose above 2,000 nationwide while the number of confirmed cases topped 74,000. The World Health Organization asserted that the vaccine for coronavirus will be ready in 12-18 months.

The DAX climbed 0.47% at 7:32 am CET while the FTSE 100 added 0.57% at the same time. The CAC 40 in Paris gained 0.27% at the same time.

Breaking the News / GA

European stock markets traded mixed in premarket on Wednesday with investors focusing on the coronavirus outbreak in China.

The COVID-19 woes were somewhat eased, large vehicle-makers such as General Motors, Fiat Chrysler and Toyota expect their virus-affected production in China to restart soon while German car manufacturer Audi AG already reopened its plants in the country on Monday.

Meanwhile, the death toll from the virus-related diseases rose above 2,000 nationwide while the number of confirmed cases topped 74,000. The World Health Organization asserted that the vaccine for coronavirus will be ready in 12-18 months.

The DAX climbed 0.47% at 7:32 am CET while the FTSE 100 added 0.57% at the same time. The CAC 40 in Paris gained 0.27% at the same time.

Breaking the News / GA

Bobliz35 thank you again for your comments I feel the daily volume should have a directory note advising the client to see the terms and conditions under which they are supplied.
I shall remember your points in future.

Thank you Bob for your comment which I confess to not understanding but believe to be a proper description of the pros and cons of volume. When I first drew the board’s attention to the high bought listing I stated I don’t fully understand the subject as I said in the last line of my post... “or maybe it’s just something technical re volume.”
Thanks again for your reply, oh and I bet I’m older than you.
Cheers.

General Motors Co., Fiat Chrysler Automobiles N.V., and Toyota Motor Corp. said they are resuming production in China as coronavirus fears ease.