Member Info for SteveJones999

Thanks Siko.

Yes, it confirms what Siko posted at the weekend. Gold dropped a bit - but let's see if we get a good boost over today as the news filters out. No detail yet but better to be in, so good.

Pretty much all goldies up today at similar amounts.
On the dollar- currently at ~92.26 with downward trend intact. If we get below 92.14 (31Aug20), this will be the lowest it's been since ~April2018. Safe haven swap from dollar back to gold? US stimulus anyone- the gap in time to keep businesses afloat and intact for when vaccine(s) are rolled out needs filling. The markets are pretty much priced in for vaccine delivered, look at what happened to growth jump after first lockdown before second- inflation anyone? Watching some old stuff on sky, the amount of analysts saying "be cautious", etc etc etc since the big drop in March/April- well they pretty much all got that wrong. Interesting crypto continues to burst forward, now with others following the bitcoin lead.
On CEY, licence news is key as in an industry with limited product available, positive news will be well received as expansion in the long term fundamental, and CEY have the cash to exploit.

Lol- had a look. Yes and I remember all the whizz analysts predicting gold to jump to $2,500-3,000....

My thoughts too- am expecting it at latest end of week

Nice to have all this speculation - 100% better than no speculation- thanks for the info Siko :-)

Thanks Siko- keeping everything crossed :-)

Stimulus, stimulus, stimulus to plug the gap and keep companies afloat as the vaccine gets rolled out slowly- good for gold.

Agree on hedge. What's is interesting is the stock rally will most likely hold as they are pretty much pricing in 2021 recovery. Add to this the fact the coming months more stimulus has to come in the US to prop up the economy/jobs until the vaccine roll-out. This is a win-win, as stimulus drives both. If the split senate can't agree ((min of 1trillion USD), even under Biden if not before, FED will have to act- although this would be a less targeted benefit which could feed inflation more than stimulus which is also good for gold. Key for CEY 02Dec update NOT showing adverse news, but confidence, along with good license news

Thanks MrTibbles. I concur and posted
on other birds at the time when there was a
good management clean out. I think the appointment was good- CEY often looked out communicated by Endeavour, so The appointment would help in future similar issues, plus they will be used for new licences...

Anyone got a view on the SP if we get licences or not, and whether the immediate decision announcements will include the detail as to the terms of any licence (which is key)? In terms of the broker appointment end of Oct- anyone got a view as to whether this is most likely good news for either dealing with potential m&a or new licence funding etc? Am aware of cash in the bank but was interesting to see appointment and was wondering on views here.

Anyone got a view on SP if we do or do not gain any new licences and whether the detail on these licences that will most drive the SP will be out at the same time as the licence news itself? Also, the corporate broker announcement at end of Oct - would this indicate more likelihood of success eg their role in m&a as well as general SP related stuff?

How can this be the case? CEY have been saying they are in the hunt, so this cannot be true.

Correct- most "like" goldies got same treatment. Gold hit on vaccine news. the DROPS on the 2nd and 21st Oct were for the RNS reasons, CEY has been since following normal patterns. In my view, oversold. Key drivers for gold remain intact. Gold can rise with markets in risk on mode, we've mostly been risk on since the big market issues in March based on "what the heck is this COVID and how will this impact us? panic". gold has risen so have stocks. Vaccine comes out and markets jump, of course gold dropped a bit on this news as some money went into the FOMO on stocks. The key drivers for gold eg QE, low interests, inflation all remain.

Could see a big slug of the drop yesterday clawed back on opening- but of course could be wrong. My rationale- at UK close price in Canadian Exchange was ~2.02=118 pretty much what we were here. Gold was dropping like a stone all the way to ~1852 at between 16:30-17:00 uk time for obvious reasons- it then stabilised and started to rise a little- from this point CEY Canada started it recovery back to close of ~2.14 or ~125. If you look at say Barrick Gold it did similar - markets over jumped on vaccine yesterday.

Asia markets up, other futures up, gold holding at ~mid 1950’s, crypto remains on the up- could be a good day later for stocks and CEY on normal indicator movement- good to see positive reaction on first day since Biden confirmation so far... next jump, of course, could be 2nd Dec of good news on expansion, key will be next scheduled prod RNS post this.

Agree, pull back will be nothing like March as so much more is known about the virus, and what companies are impacted and how. UK indices hardest hit with BREXIT uncertainty.

Look at all indices, that's why. CEY is a stock... gold is now down a bit too. UK indices have faired worse, whilst US/Far East pretty much gained back loss since March COVID panic, UK ones not due to BREXIT concerns on top.

Agree, SP can rise or fall tomorrow am, used to get excited about largish buys after UT, but not any more and doesn't seem to make any consistent difference either way

UT- google it if you're unsure of the meaning... this happens every day, sometimes 2m buy, 4m buy, 6m sell, 2m sell etc etc etc