Member Info for SteveJones999

Makes sense- we have a great mine and hopefully more licenses and a massive wedge of cash to rise tough times- other miners can’t say the same - current focus on constant cost reduction which has already yielded results is key

Hopefully gain some good traction today again with the ftse and other markets up (we are a stock after all), and this price is still well low.

No one knows what is priced in, especially for when not directly in the company- eg licenses not priced in to SP. Hitting targets now a given and priced in (I had thought there would be a bigger bounce on Jan RNS as though that drops in Oct2020 were overdone, but it didn't happen- gold drag didn't help here). Any downside on CEY never seems to be priced in lol, but upside does :-). On gold, so many moving levers now into the mix, exponentially increasing. Yields spiked/rose in last 12days on economic recovery from pandemic, inflation likely on stimulus but thought to be short lived and any on-going and the FED likely to look at rates increase earlier, which will whack down gold, so in this scenario the inflation induced stimulus whacks gold... which is why the FED is just waiting... forecasters are generally down on gold, but up mid year onwards. This is one reason why I stopped doing CFD with high leverage on gold a couple of years ago, got burnt on a couple of trades and never went back to it. CEY, hit PROD targets and if we get the expected licenses should get a rise, or at least make us far more likely to be a takeover target at a good price increase (expansion is like gold-dust in mining)- people buy companies on future expansion and capabilities. Sukari is being sorted and will be back to 500k at some point, , plus the divi, plus the price is soooo low now, plus Egypt publicly announced big % of GDP expected via mining in the future.

I recall 14th March as deadline?

Should be - Asia futures and ftse futures were up - so long as the someone in Asia doesn’t put the kaibosh on things like China did this week... Gold still struggling(shut at ~1699) which was pretty good considering stellar NFP earlier), did anyone say yield...... (10year @1.568, the steepness of spikes causing the issues recent past as opposed to absolute value)- Jerome remains unconcerned or at least not to act.
Good weekend all.

Increase of 379k on est. 200k- wages flat, yields up obvious reasons.
Increase driven by hospitality mainly.
US unemployment drops (Feb) to 6.2% from 6.3%.

So far, and I can’t hear his speech/q&a but yield has spiked up again, and gold and indices immediately dipped- all depends what else is said - we have to wait... fingers crossed we get a turn

Jerome Powell is speaking now so keep an eye on the 10year yield and gold... fingers crossed
Of course later this eve, as analysts and commentators add their interpretations things adjust then too-

Keeping things crossed- he probably won't say anything on the yield, but here's hoping and if good, expect gold to rise- or the reverse... fingers crossed

Yep Halfpenny, shame it's post trading hours here, but they often are!
I agree 100% and hope... it's all in the interpretation from his words... will be listening on my build up to the footie tonight :-)

Thanks camb0- this along with Capital shown at work recently is demonstrable evidence that things are moving on the ground as planned and communicated

What’s good during the last week the Fed (yesterday) , well 1 fed person hinted awareness to hopefully some controls... last week was hopefully a bit of an outlier in terms of reaction

The problem is the “spike”- this is what happened last week and just happened- its not the absolute value but the time to get there

Hmmmm... but inflation is always “guessed” to 10year note is real time and is the cause of old drop 100%

Ooooops replace “hope” with “nope”

Hope, yield spike on the 10year- same as been happening since last week

Just sell Sotolo- You know you want to- EVERY post, every one is a sell signal, I just don’t get why you hold- thee are plenty of other goldies to pick from.
I would just don’t understand why hold something you don’t believe in - it makes zero sense to me.

Lol!

I believe in the power of positive thinking Sotol, it works more often then you think- picture it and in a lot of cases, it happens :-).

Agree, pound has been high v USD with constant climb-