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Sadly not good results imho. Hence fall. It is costs I think you need to look at with miners. It looks like these will be around 8% higher this year if I read it right and production pretty flat. So what is so good about that and how does it justify sky high pe which expects lots of growth? Yet you all say they are excellent and Market is wrong Unless I have read it all wrong?

Horrendous aisc of $1455 per ounce! Hopefully that is this quarter with the mining problems and exploration costs, but omi aisc always seems to lead gold up and they spend on exploration that doesn�t come off, burning their cash. Amazing they have kept going so very long. So either need gold at $1500 very soon, without a further rise in OMi aisc, or a dramatically lower aisc so they actually make money - with gold at 1340 they should be making lots,but instead losing over $100 an ounce it looks like to me! Any other views. And I am a very long term holder still with a sizeable chunk.

Uncertain, who are you with who is so hopeless?I find the new Barclays smart investor absolutely useles, get given wrong info, can�t get money out, have had 3 lots of compensation already but that is not what I want. Sharecentre also not good. Agree about HL. Most of all I want a broker where I can buy without funds and then put them in, or sell something else the same day, able to buy foreign shares, enables me to look at holdings at bid price, shows my history on each share, of which Smartinvestor now does none, while Barclays used to do all, and above all is safe.

We were disappointed last couple of results so let�s hope third time lucky. It is not the output that counts but the profit, which last time was nastily down because of rising costs. With oil now rising on wonders how that will also begin to affect costs. Anyway fingers crossed that with extra output costs will be down.....

Gosh my computer and I apologise profusely, it has the strangest wat of respelling. Here it is corrected, though maybe doesn�t make a lot more sense: Viz what you call a slap, imho both gold and cey need a bit of a pull back, to consolidate, before hopefully marching on upwards again. Gold in dollars has risen fast in almost a straight line taking it up $80 so would be healthy to come back a bit but hopefully it will stay above $1300, and then take CEY up some more with it

Vis bay you call a slap, imho Both god and cey need a bit of a call to portia taking before hopefully marching on upwards again. Gold in dollars has risen fast in almost a straight line taking it up $80 so would be healthy to come back a bit but hopefully stays above $1300, and the game cey up some more with it

Dear Uncertain. I see our friend has come out bullish with a price of 170p?

Blindly hanging on can be wise. Trying to time the ins and outs is very hard and most research suggests overall it loses money - the likes of Buffet try to find shares that generate cash, have rising profit and good management and stick with them, for me CEY ticks the boxes. Cey is like a bucking bronco, I have been in since the price was around 50p and it is forever trying to throw me off with falls and then off it goes up again. So as said I would hang on, having said that having 90% in one share, however good, is dangerous. I am about 60% in precious metal miners but also HOC which seems to move up and down a bit more, Fresnillo and Randgold, which is the slowest mover, and some Orosur as very geared to gold price as only breaks even with a price a bit below here. I have also held over 10% in Glencore since it was around a pound through lots of downs and ups, and Baily Gifford Shin Nippon which managed to rise 59% last year. Also Easyjet, BA TW and Tui all of which have tumbled and then come right back up. Once you are in decent profit I find it easier to ignore the noise. However with PM miners you need to keep an eye on the price of gold and have a strategy for getting out which for me is not going into loss, and selling a few CEY as it reaches various hurdles.

Uncertain did you read on our rival bulletin board we are heading to 170.

Thanks very much and to Sparkle. Yes a great board and a great share, I feel I have made some good friends, I respect all, and quite agree that respecting divergent views is the key to this board’s success. Interesting we seem to be almost all men, do women not invest, just not invest in CEY, or is this board the equivalent of the garden shed? Anyway it is one of the pleasures of life, thanks all and may 2018 be the one when we all travel to Sheffield to celebrate our crypto like fortune from CEY!

Anyone know where one can find the figure for the days gold 200 and 300 day moving averages. Kitco does a 1 year chart of the 200 day but can’t tell an exact figure from this. Hoping we break back through it. Even more interested where the 300 day is. Thanks.

Good news Tibs! The more the pundits suggest nobody needs or wants gold now, the better the prospects for the price. Uncertain and I follow particular investors who suggest the future and then do the opposite. Uncertain, in answer to your question yesterday our counter indicator friend has been absent. However I indeed managed to call the bottom of the market a couple of weeks ago as I guessed, selling half my cey holding, however with the market appearing to have found a bottom (albeit perhaps temporary) I couldn't bare to miss the action so put the money back in Hoc which had not yet risen and tends to be more volatile. All eyes now on the gold 200 day moving average that is only a very few dollars above where we are now. Can we get through it? Gosh I am wondering if a repeat of last year and year before, do hope so. Last Dec both you and I popped in and out a bit searching for Shrodinger's cat.

Thanks as ever wise Sheffield. Overall I still think share prices ultimately try to discount future cash flow, so they look at the future, tho often near term. Each miner has their own many variables - costs, output, political, but across the board price of gold affects them all. They may not anticipate it correctly, though they were right on the downturn of last few months. Yesterday POG rise might have been short closing, the last week CEY rise the same, unclear as said what next and whether a repetition of last ,2 years? Yesterday’s news hard to interpret, lower inflation bad for gold, leading to less interest rate rises is good for gold, as said before in the end it comes down to real interest rates and how competition for investors money looks like it will do,I now have added to Hoc which is very jumpy, and Rrs which is not expensive historically. Expect I am calling a mini top. Hoping for a sell signal on iii

Big question for me is has gold bottomed and is this a repeat of the last two years, with it now soaring till spring, or is it a trick to get us back in, and will it turn back down. For me a key is whether POG can push another $10 and get back thru 200 day ma. CEY share price seems good at anticipating moves, and up 8% in last few days in advance of this. What will it tell us today?

Well CEY and HOC prices seem to be saying they think gold will rise, as they have risen in expectation just as they fell in advance. Are they right? Will we be able to get back in later this month? How will they behave after fed rise tomorrow?

I think it was Uncertain who suggested we post when we buy and sell, so I sold another quarter of my CEY this pm at 138 and 140, surprised to get such a good price as gold falls, hoping to buy back later, I am now down to around 300k. Hoc was even more surprising offering an extra 7% which I grabbed today. Maybe again I am marking the bottom but I have been holding CEY since 50p and wasn’t prepared to lose more of the profit. Maybe when the fed hike is through it will rise again, maybe the bottom will be mid Dec like the last two years. But this time I don’t trust it, so many people are talking about bitcoin being a bubble maybe it isn’t, and it provides more competition like the soaring US stock market, now with the tax cuts, but I shall be watching CEY like a lynx. Will I be happy if my remaining shares go up, or if it falls so I can buy back those I have sold cheaper? Well irrationally but humanly now I will be pleased if it falls in the next few days as it will show it was right to sell even if it reduces the value of the 300k I still hold.

How lovely you are back, it is all the different views and especially yours that make this board! Thanks

Did I sell at the bottom?

And another 5%, 30000, at 132.98. Let’s hope my selling marks a bottom! Though so far I have only sold 15%

Managed to sell 10% of mine at 132.6