Member Info for SteveJones999

Yep Canetoad- there’s enough uncertainty out there to see a rise in gold - here’s hoping…

I would add that this cut us(SP) by around 25% in Oct2020.
Since then pretty much performed like the majority of PMs.
The sector has been unloved YTD.

Ooops! I can see you’ve responded on the POLY board , thanks. Right, now to watch the footie :-).

He has talked about rates and inflation and he will act to changing conditions. He's said what was expected. He can't spook the markets and there is no reason to. What did you expect him say?

He has talked about rates and inflation and he will act to changing conditions. He's said what was expected. He can't spook the markets and there is no reason to. What did you expect him say?

Lol

In the title.

Hardly any holder posts but lots of non holders posting their displeasure- you clearly fail to understand crypto so would suggest you remain out.

All depends on the FED

Expect some movement in gold price tomorrow- google tomorrow for exact times.
Let's hope when Jerome speaks- it's positive for gold.

Has been misleading in the past- see when it finishes.

Who cares, cryptos continue to rise... yes for now, but they continue to rise...
I've held a small % of my portfolio in it (the main ones) for years and so glad I did/do. My next biggest risk investments, GOLD stocks, a bit more in this, the vast majority of my portfolio being in lower risk equities and property.
I fail to understand why people keep whining about crypto- either get with the game, or don't and ignore, it's really that simple.

It always amazes me how people focus on dividend yield, especially long term holders. I focus on the amount paid per share not the yield as sometime buy in just before ex-divi date, but only when I feel the stock is undervalued. Dividends can stop at anytime on any share and the lower the price the higher the yield % for an agreed cents per share divi. When an SP drops a lot(there are exceptions like the march2020 covid panic drop) there is obviously a greater chance of the divis being canx in the future leading to an even lower SP. People who hold purely for the divi are in just as much of a gamble situation, as if the divi is pulled and the SP is low, they’re stuck with a low SP.

Hindsight... stocks are always gamble, especially gold and more so crypto.
As I'd said before this is why a small my % of portfolio is gold stocks and less is crypto.
I trade my CEY- sometimes get it right, sometimes wrong, but luckily more right than wrong on CEY. My view is here is all about futures- this SP is very low because of Oct2020 coupled with gold price being so high just before this, causing this fall. All PMs are down around the 30% mark YTD.
The year results won't be good, and this year always being compared to previous year at RNS time- but we never know how much is priced in already- we've performed broadly in line YTD with other PMs.
Now the BUT, and it's a big one in my view...
If 1st Dec shows a good report and significant progress to a regain towards the 500k at Sukari again, coupled with all the expansion plans, this will rise from this very low SP. All the comms so far have NOT indicated any further issues, and have shown ahead of schedule.
The odds and all the logic point to this.
This is why when I trade around CEY during some days, I don't want to be out for long (plus those "in the know" may pounce on CEY).
Yes, selling at 99 was deemed good- but not good if it jumps- plus although it makes one feel good that they missed out on a drop- it doesn't get you more money unless you either buy back in when below the 99 or invest elsewhere and this succeeds. I did very well out of the rise last year- some just went back alas, some didn't pick up on the big rise year- at the time many analysts were saying stocks will crash like they did in March 2020 if we get a second COVID wave, but this didn't happen (the overall market crash that is).
If, like you, I had held a stock for many years, I would find it very hard to not watch the stock post exiting, and if it does jump and go well above the 99 would not feel good, it's human nature for the majority.
No one knows, you take your choice- but for me, having traded this stock for years- the SP is very low.
I have zero emotional attachments with any companies I invest in.
Good luck with whatever you decide to do.

Nope, Gold price is the reason, it's that simple.

Just checked gold prices- it rose 01oct 01sep and 01aug and dropped 01jun and 01jul- have t checked any further back

As per norm - US data at 13:30 caused movement in gold

Wish that were the case!

The US more often than not drives all markets- again, not always but the odds are there.
If US markets drop, ASIA, UK and Europe generally follow next day- extra events of course change this like seen recently on China.
I've not looked at the detail of gold buying or some time, but again, generally, key economic data comes out 13:30UK time (sometimes an hour different with our time changes).
For the odds game- CEY drops on build up on opening and build up to open dependant on data of course, but this is not always the case as we've seen on many occasions.
Equally, gold price swings on data, especially when the headline figures and analysed and detail known- I used to trade gold futures but don't anymore as got stung once with quite a bit hit!
I prefer gold stocks.

One exception here Canetoad is the 1st December. CEY drop in Oct2020 dropped mine prod from approx 515k to 415k p/a- it’s not got worse since then and if the news on an increase back towards the 500k figure will cause a jump, and add credibility to all the recent expansion plans- bad news will cause a drop most likely as miners have a heavy sentiment skew. Of course, no one apart from insiders know…