Member Info for Sotolo

Thank you, when it comes down to it I think we are all a pretty decent bunch just trying to do our best; with Cey we may be….a golden cross is when a short term moving average crosses and moves above a long term one. Centamin’s 50 day is 108, its 200 day is not far above at 114 so could be quite soon, gold rather longer, but Cey is certainly perking up and will continue if gold rise is for real; but who knows on that.

I think gold has been trying hard to make it through the 200 day moving average around 1850 and kept being knocked back, but today it succeeded which meant a lot of people pile in and start pushing it higher. To really get off to the races we need a golden cross which is still a little way away, so we do not know if this is for real yet but hopefully it is

Yes amazing that silver is a mere dollar, or 3%, off its high last year when Hoc got to 326p, but now we have all the challenges, our silver is less than our gold and a third is hedged. Still seems a bit harsh till we really don’t find more metal, costs really do rise and stay up, Bioatlantides is delayed further and tax more than doubles - time for a rebound!

Silver at its highest in 3 months and Hoc down 10%, at some point hopefully soon market will work out future lower profits for various reasons already in the price and we can begin tracking the metals again, but no one seems to want poor unloved hoc right now

Not selling, as I am v hopeful if gold can hold through the 200 day average it has just touched, though Hoc has yet again barely moved on a 1% rise in silver. I think now is not the time to sell it, even though it might fall further with the election, as it has not yet taken any account of rising gold and at some point that will give it more profit even with higher tax.

Back after Xmas as gold was at its nadir, I suggested there would be a dead cat bounce to near 1900 and I would get out of Centamin as it neared 130 before turning for a new bottom. Now I am hanging on for the ride but let’s hope my new found optimism doesn’t mark another top, I am very hopeful of a rise, oh dear…

I am feeling a little optimistic about gold as it makes it tentatively through its 200 day moving average of 1853, now if it can close above thAt! And good about Centamin as the bad news should be through the price, which can begin to look to a bit more profit in 2022 and a lot more in 2023 without taking account of gold price change. I hope my optimism isn’t the kiss of death. Mr T has often taken time out before, as I have I when he and others have misconstrued my oft warranted pessimism for lying or got very cross . It takes both views to make a market and I would certainly miss Mr T’s views on gold and wonderful knowledge of the company, which are so appreciated,it is the diversity of views on where how and why Centamin will go that makes this board most valuable. I am sure he will be back shortly as ever. This is like a family, we all argue just as we love each other, maybe why

Very badly diversified!! That is why I worry so about Hoc and last 6 months has been horrid for me while the market rises

My first buys were a few years ago around 270p, but I managed to average down on some of the horrid falls including last year, selling some Centamin for Hoc when Hoc fell below Centamin which is very unusual, so my average is about 208p, but they were showing such a lovely profit when they were 320p. I am feeling a bit more optimistic but still worried this is a false dawn for gold and there is another bottom to come; I will only feel comfy when gold is back over $2000 and silver makes it over $30 plus we have some golden crosses for ho, fingers very crossed. Ah and I just checked and I sold quite a few for Tharisa which seem undervalues so only have 437k Hoc left now. Tharisa is up a little bit since, so better than Hoc so far, but hoping for more, it seems a growth company on a very low PE but also has the danger of increased tax promised by the South African government. Tiger who comes on this board and is one of many like Prof etc who don't believe in Hoc at the moment, put me onto it.

Hedgehog thanks, as Rebess also says we are really feeling inflation now, I bought a fire bowl in December that was £187, £487 now. The seller imports it from Holland. Amazingly I asked for a third more on my daily rate that has been the same for almost 20 years and got it. MacDonalds USA has just put up wages 10%. So we definitely have inflation, the question is will interest rates keep pace with it (bad for gold) or will inflation outpace interest rates (good for gold). Assuming we continue with rising inflation and negative real rates you would have thought gold must rise in nominal terms and do its historic usual staying long term flat in real terms, with a big spike first as people pile in worried about losing out with money

It is hardly worth replying but “Internet trolling can also be defined as purposefully causing confusion or harm to other users online, for no reason at all.[4]”. I am a long term holders partly as related to the Hochschilds so brought up with tales of their more historic mines, partly because I like companies with a long history and substantial family shareholding and partly because I think at precious metals should insure against inflation and at some point rise. All miners go through tougher times. To say the share price is falling, even as other miners and gold rise, and the leader in the presidential contest has said variously that he wants to nationalise or raise taxes on miners, is not trolling in any sense. So please stop being rude to your fellows who post their honest opinions and tell us something about the figures and politics that will help us discern the future. And feel sorry for those that held decently over a million pounds here last summer who now have little over half, and my builders who keep on being postponed. Good luck all!

Isn’t it miserable seeing the price continue to fall even as gold rises

Sorry posted twice as first one didn’t show as sometimes happens even after restarting

Super, yes Cey, Fres etc recovering, but while gold has risen 10% Hoc has continued falling with expected falling profits from lower ounces, higher costs and politics, trouncing the higher metal prices; again this morning gold and the miners are up but Hoc is down. The share is feeling weak and unloved with any rise quickly evaporating, despite metal rises it seems it just can’t keep it up at the moment.
As regards rare earths and N American investments, the former are a new area for Hoc which worries some, the mine is already delayed, is subject to Chilean politics which is increasing mine taxes and is currently a cash drain, and the latter are tiny. So it is currently San Jose, Inmaculada and Pallancata that matter. The first is subject to Argentina politics, the second is great but needs more ounces as has been going a while, and the Peruvian election is coming with expected much higher taxes, the third has had to hedge silver, as prices rise as they did at Arcata that was closed imho. Of course the falling price takes a lot of the above into account but still not all the political risk imho which is why our price keeps falling. In the end it will be PM prices that count most, the challenge here is if they soar it will make the governments keener and more able to raise taxes. However hopefully not as far as the PM prices, so let’s just hope they do!

NEEDS VIAGRA. Yes Super nice to see Cey Fres etc recovering, however sadly Hoc’s circumstances and expected falling profits are weighing on it, and while gold has risen 10% Hoc has fallen further, and seems to keep doing so as this morning, it is really feeling very unloved with worries about ounces, costs and the election and just can’t keep it up so to speak

…or could start a new board on Centamin, many companies like Tharisa have brilliant boards on the company and what affects it just full of information and ideas about the company, take a look, but what would you call it?

CSDI1962 and others who have posted similar could call your suggested chat room the village pub, I agree a broad set of worldwide political and economic issues can affect the price of gold and so Centamin, as Gnome’s posts on central banks can be useful, but I agree with other posters here over the last few months as UK political rants have grown that posts on local politics, Brexit, press, woke etc that don’t affect Centamin’s future remain in the pub, as there is enough of that everywhere from papers to pubs, and it can be a pain for those who want Centamin thoughts to have to wade through miles of stuff which has nothing to do with future price of Centamin. Of course pointing out the effects on gold of political and economic events is useful as effects the Centamin prices. It is just we have enough entrenched intolerant views and rancour around on every side imho, without being even more depressed here, and posts on Centamin are so useful but it can be hard wading through the treacle to get to them.

Impecunious you are of course utterly right and I quite agree on your definition of awful, mea culpa. Also I still have 650k so appreciate your definition for that too!

Actually he sold them at 200p, around 10% over the price as so many, so he would currently have to pay more than 200p to buy them back, only thing is if he was to sell so many again he'd probably only get 170p. I love your enthusiasm and am ever hopeful which is why I still hold half a million of these plus family sentimentality

awful is the word