Member Info for SteveJones999

Lol- well he bought into it in late Aug and this was the pretty much the start of the fall in 2020, so now he’s selling is he? Well if his recent track record is anything to go by, gold will increase ...

Don’t agree- in the webcast the CEO said they will
be announced once negotiations complete, am looking forward to favourable details.

I really hope we get a deal, so fingers crossed. The problem here is that, as you say, Boris, and like other politicians, they NEVER have to live with the consequence of their actions. Whether leave or remain, I would have liked to have seen any lies that were told to gain votes, if they were found to be lies, those politicians spouting the lies would have to live on benefits in a top floor council flat for the rest of their lives Lies have zero consequence for politicians... It's similar on COVID, where the media is incredibly unbalanced, all I've seen is media types and politicians saying lockdown is needed, deal with it- I've not seen any normal people being interviewed who've lost their livelihoods as result of lockdown/tier policy. I would like to see all the media types pay their entire salary to those impacted badly, then we'd see what they really think of government COVID policy... equally, on the surveys "do you agree with lockdown policy" I would another tick-box asking "are you a public worker?" who still get paid during this pandemic and then we'd get a far more balanced view. Rant over- well it is Friday :-).

Wish the USA would do so soon- that's where it's most need for gold price rise :-).

Thanks- I looked into it when it first was talked about and registered as before I started posting on this forum I read it for many years. Decided against Kinesis for now for no other reason that I already had a small % of my portfolio in crypto (my ultra high risk gambling lot) and was happy with this only. Will take a look in the future though- but for now happy with my predominant equity based portfolio.

To add- if 7bn came out of gold and 2bn went into bitcoin- this gives zero info other than 7bn out of gold- for example where did the other 5bn go? If this 5bn went into equities couldn’t you argue that equities are replaced by gold as without out bitcoin being available wouldn’t the 7bn have all gone to equities? Statistics useless without all the information, just like COVID...

Hmmmm not sure I agree- Gold has traditionally been classed as a safe-haven, bitcoin certainly isn’t. I could see if replacing people investing in currency eg the USD, as it’s value is global like gold. I’ve been invested in crypto for years, I just sit on it - my nephew and nieces recently trade it - they now also trade gold futures too on the same platform. I think this analyst is was behind the times. Many youngsters also trade equities futures too, basically anything that is volatile - the new gambling. I have been saying for years, crypto is here to stay but I don’t see it replacing gold- just another form of trading and currencies, equities etc all could lose a bit or maybe gain a bit as many crypto traders are people who are new to trading and started on crypto, but as i said, love anything volatile - crypto has an advantage for gamblers and traders as it’s 24*7 and never sleeps and you can be anonymous, ace currency for those who like cash too or want to swap from cash

Thanks and Yes, plus gold doing well as expected, and good close on TSX last night- bodes well for opening (hope not kiss of death!)

Normally good for gold a big miss on NFP- est: 460k actual: 245k, Other amendments on NFP: Sept. raised up, Oct. moved down, so confusion- however, rise in average hourly earnings from 0.3% against 0.1%, not so good for gold. Lots of gold moves within tightish range. Movements in gold normally defined on NFP day but analyst reaction, plus a few other data points due out. However, nothing to change short term gold, medium and long term gold positivity.

Thanks MK :-)

Thanks guys, I can see my BofA question has been answered, and a positive answer at that! Cheers All

Thanks MKS123 , what price did BofA give? Reason I ask is that Kevin from BofA asked the first webcast question "on forecast production guidance, any upside risks?" Horgan answered "yes, potential increased ounces etc " and explained why

My summary take on the webcast and q&a- Horgan spoke well and easily, pragmatic approach with long term sustainability, drive to keep costs lower, an ongoing process he has embedded throughout the organisation, and already proven success since he has been at the helm with figures mentioned as opposed to volume at all costs; this was much needed. His view on gold price (or correct lack of forecast) was good, as no one knows, but cost reduction is key to sustainability and risk key reduction- good mitigation of key variable.
Answer on current issues- can’t guarantee absence of future issues(no one can), but can they are now very well placed to deal with any which is what we needed to hear, as was focus on industry operations standards, not “world class yet”.
Good news on Capital appointment- Horgan is accelerating business, dealing with issues quickly and building capability.
New licence will be well received, but of course no conformation news as final details under negotiation as communicated, but I would anticipate very favourable terms. Increased number of local staff is very positive resourcing strategy on the ground (will be well received by govt).
Gold forecasts conservative, as were cost savings, came through consistently which is very good- along with conservative on what could be down there, again very positive.
Strong divi confirmed.
Overall, delivered as a CEO should, presented as a CEO should, glad to have him at the helm and the management changes he has already made have borne fruit- he is clearly in control.

See both RNS' on 02 and 21Oct and there's your answer.

I posted the other day why gold is strong in my view- and see nothing to change my opinion. Had Biden won a landslide with the ability to control both Chambers in Congress, this would be negative for gold, and certainly for US indices in general- however, he will most likely be constrained in implementing an agenda many fear, as the first president in more than 30 years to take office without his party controlling both Chambers of Congress. To re-iterate, stimulus needed in USA urgently, time will tell.

US jobless claims unexpectedly jumps
to highest in 5 weeks

Cheap at this price, issues known caused big hits on 02 and 21Oct20. Since then has pretty much moved down in line with other goldies and moving up a little again, again in line with other goldies. 2nd Dec as per RNS is key, but at this price, any hint of improvement on issues previously highlighted, will cause a jump in SP. As for gold- vaccine 1 announcement hammered it, vaccine 2 a bit less, and vaccine 3 even less. Any more vaccine announcements may not cause drops unless outstandingly different as governments paid for stacks of vaccines already- rollout is is key, and delays/issues here as well as any issues with uptake etc will cause gold to rise, as will key stimulus to fill the hole to keep businesses afloat and jobs, before vaccines rolled out. Longer term, it would be crazy for govts to increase rates, or raise tax in the short term as this could severely hamper recovery- this then creates inflationary risk, also good for gold.

Well reported as 2dec for next update

Thanks Siko for your efforts - looks like SP moving already even without exact details

Agree- anyone on here able to get a direct answer from Centamin as to when they will release an RNS on this?