Member Info for SteveJones999

… ill informed.. I mean

No one on TV is forum has all the inside info to make the judgement, no matter what they think.

Of course, it’s good to debate though- no matter how I’ll informed due to guesswork

If you think the management team are incompetent- what makes you think doing in house wouldn’t have been a disaster? Surely if the amount of work needing doing was exceptional, why would anyone do this in house and be limbered with all the on going costs of decommissioning much of the equipment post this? Also, if rented, what if took longer? Could have cost way more not to mention the disaster if they mucked it up…

It's all about next week, as ever.

You know the drill, and markers- GLA and happy weekend.

https://www.marketwatch.com/economy-politics/calendar

Hmmmmm, I would have thought if this was true there would have a big whack on the SP already (all the big players would have already exited some positions), plus, don't take this the wrong way mhenderson, but you've only been a contributor on LSE for 4 days... and if not true, I too would like to know the source, and why you only joined LSE 4 days ago.

Should this occur Tony, it would be bad for gold and stocks.

I trade and focus on simple data points each month and sometimes in between this if data is there. This has been profitable for me, and minimises my risk exposure on this very high risk stock.

This way I avoid all long running theories, predictions and so on for my trading amounts here.

As I said earlier - for the my long term, I take a long term view and believe inequities, but not here- but balanced.

Long term predictors of doom barely win- way too difficult to hit the exact point before, and also to then predict the best re- entry point. And if the doom doesn’t occur they simply bang on about for years and years- and if it finally happens, their gain is way less than all the years they were negative and should have been positive- I’ve a mate who kept saying house prices would drop again a few years after 2008 due to his chart and then again we’d get a recession in the early teens and house would drop after brexit and so on. House could drop in over half now and he’s still be in massive profit had he bought where I live….

Someone earlier posted a massive rise in gold- a quick google would show 100s and 100s of such articles over the past years and still the rise hasn’t been explosive

The fed is not the government - fact

Yes the facts indeed- the US is not a bank- fact.

Governments are not banks - another fact.

2miin read, but worthwhile as we wait...

GLA. I want better than expected view on inflation.

https://www.reuters.com/markets/us/futures-ease-after-rally-key-inflation-data-awaited-2023-09-12/

We do not want any sort of collapse---- gold and cey will plummet along with everything else.

Are you wanting this Tony?

Are you expecting this to happen Tony as you only post negative items?

I presume from your posts that you are 100% out of CEY, else if you believe all this, then sell stocks (incl. CEY) immediately.

I prefer to follow the data points and trade around them.

Hence I trade and do not hold long term.

If this is true 20-40% make money :-), which is very high considering the amount of idiots out there (I thought it would be lower).

Everyone has their own strategy- mine is to not scattergun on trading stock(s), but be super selective and be 100% clear on stock drivers and the company themselves, amongst other things. The 60-80% “follow” and fail to predict and / or understand the drivers and scattergun and follow the next stock and so on. Many fail, for example, to re buy in higher than the price they sell, or go in when the stock feels “below” what they perceive to be too low fair value without understanding why.

For long- a global mix is best and certainly not single high risk stock or sector specific like PMs.

As always- balance across investments and mix (stocks (some you decide on, some you don’t eg pensions you leave to other experts)), property and so so on) is key for long term.

Keeping too narrow is a recipe for waking up one day at market opening to a massive issue!

Good cpi on Weds and gold will go up- inflation drops not as good as expected and gold will drop-

Doesn’t matter what the charts say- SP is driven by economic data and events (and RNS of course)

Https://www.marketwatch.com/economy-politics/calendar

Tony,

I don't disagree that PM's are undervalued, they are.

However, there is no doubt months before the Lehmans out of business and March2020 was bad for gold and CEY- if I thought similar was on it's way now I would not hold PM stocks- it's simply crazy to do so. Simply wait, and pick them up when they drop far lower which they would do in that scenario:

March - Nov 2008 (before Lehmans) = gold down 25% and CEY down 54%

March 2020 = gold down 12% and CEY down 35%

These are the historical facts.

Tony- march2020 and a few months before lehmans down was dire for gold and cey- not sure why you cite this with a positive slant ?

Hope it's not as bad as this- as I fear for anyone holding Centamin stocks

I still think last 3 years is inflation primary cause- cey sell gold- if their costs of extracting it rise way higher and faster than the price they can charge for the product they sell, they make less money- it’s that simple.

Of course, this cost of extracting was exacerbated further by the additional waste clearing that still hasn’t finished since the wall issue.

Nope, hence the SP- you are underestimating inflation impact

Gold is about where it was 3 years ago and yet the cost base, due to inflation, has risen massively-

Has the ounces increased to cover this delta? No

Hoc is a cherry picked one- look at SRB, FRES and so on, and they've been poor performers too!

And do my eyes deceive me? It's a rise today! 86.65 close :-).