Member Info for SteveJones999

Lol-
Right in cue :-). Shame no trading today - hopefully holds and rises for tomorrow’s opening

All PMs have pretty much suffered a similar fate this week.
CEY have just performed pretty much in line.
"sentiment" is key on gold for this key driver to push us up fast (outside RNS' obviously).
Gold's traditional safe haven has competition these days (whether you agree with it or not), and in this current "K" shaped recovery, main indices continue to rise on extensive QE. Indices are not the economy hence "K" is best way to describe what is going on.
Where to for gold, got a crystal ball anyone?
Need some flipping licence news, as many have commented here- thanks for the updates Cowichan- this is all soooooo frustrating! We took the big hits in Oct2020- performed in line when you take this hit out. The more time passes (more Q results), the more the confidence comes in. We all know the plan, but it was approx, and I am hopeful on the conservative side in terms of prod output- the over performance in stripping was a great sign, especially as a new contract.

The just-released first-quarter U.S. gross domestic product report showed a rise of 6.4% compared to market expectations for a rise of 6.5% from the fourth quarter. Meantime, the weekly U.S. jobless claims report showed 553,000 new claims, compared to expectations of 528,000 in new claims. Markets showed little reaction to these reports that came in close to market expectations.

Ditto- thanks Cowichan, a great read :-).

I’ve traded gold stocks for years, short and long- and gold futures with CFDs and am highly attuned to economic levers for gold price.

It changed a lot this week- FED meetings ALWAYS draw focus- the impact is the whole week, look at gold and PMs this week with no news... up until the decision the FED week always causes speculation which causes impact-
The closer to the time of the meeting the greater it gets- what happened was fairly muted as expected by most but didn’t stop Gold dropping a fair slug then recovering - it’s not the absolute values of point to point figures it’s how you get there- volatility impacts SPs...

Hi CHRI55,
I'm an economist more than a miner - it's good on this board that there are mining whizzes too.

Hi Autonomy1, FED decision on interest rates and then commentary surrounding it- key for gold and for main indices.

Autonomy1,
It's what I posted twice today- potential impact on gold and CEY, this was the cause of the movement in gold and PM SP's today as it was the FED announcement and commentary day.
I also posted to watch Bloomberg...

Jerome is still speaking, the commentary is key... we wait as he continues...

Powell @18:30 Bloomberg... could impact gold price (FED).

Listen to the FED later- gold moves normal before and after this, pretty much all PMs doing same as us today.

Alas we won't know what Powell says and impact on gold and here etc until after UK closing bell. "US markets today may be affected by the FOMC statement scheduled for 18:30 GMT and the press conference with Chair Jerome Powell 30 minutes later."

WORLDQUANT LLC declares that on April 26 it reduced its net short position on CENTAMIN PLC from 0.67% to 0.52% https://quivad.com/centamin #Centamin

Big value add for single mine producer- SP based on futures

I have no problem with "off topic stuff"- I read the first few words then skip, and sometimes I read it. But if it wasn't there at all I'd miss the odd interesting thing, or smile, or chuckle at some of the posts.

Yep ace news :-)

Need gold to get its skates on and bust through 1800

BOOM! Up we go :-). Well done all holders and license news soon :-)

Looks good to me :-)