Member Info for Supercharger

Silver price moving up even higher and faster in sterling what with sterling falling against the dollar. At this rate we will soon be on a par £1 = 1 USD. Markets are falling towards Hochschild at the moment.

Will help Silver too, as we always follow in the end. GBP1 = USD1.16 , almost on a par. If I had a place in Florida I would seriously be thinking at that rate of exchange its time to sell it, and come on in here.

You are right chaps I have just had a look at my chart and we are at 30 yr (all time highs) for Gold in sterling what with GBP falling to £1 = USD1.16 and currency traders cannot hold it back as there is a shortage of the dollar too so its rise is likely to continue. Very good position to be here.

If we rise further we are definitely going to break through 30 year highs in sterling for Gold. The pound has fallen to USD1.16 =£1, almost on a par, and today I read a report there is a shortage of the dollar and currency traders literally cannot hold in back. Extremely good news for Centamin, if the levels continue to way they are in our favour we will certainly be moving up from here quite quickly. Can't wait for the results at the end of this qtr.

Whether they mine or not. They always have some unsold (but if it is all sold) orders will just go down to a future delivery. They know they have the stuff in the ground after all. The good thing I also read last week that the ETF's were buying up big time and the biggest one of all The Chinese one has just started trading again. The report did say they were going to be precious metal shortages and the fact HOC and Fres have stopped then the price of Silver is even more likely to rise further. To be honest one sensible thing at a lower price is to stop the production. Hoc reported it wanted to carry out some maintenance anyway and so what an ideal opportunity. For Hoc they did say they would continue with maintenance and keep the mines effectively open with limited staff I have not seen what Fres is doing But the Mexican govt, said they will be offering their business help and support with extra incentives. With production less I see precious metals prices rising even more.

Wow that's 3 more for us then, ha.ha!! I did see something like this mentioned on the Acacia web site years ago. I think we worked out, fund managers pay for a number of trades in advance if they commit to a certain number each quarter and so the rates are cheaper if they commit for all of their trades i.e. not just for these 3? if that makes sense - so I suppose it a trader had to put more though to keep the numbers up but they did not want to sell or buy many of them the trade needs to go through anyway but the number of shares traded is kept to a minimum, and so at minimum cost or the free trades go through if the frequency of trades is kept up? If that makes any sense. i know HSBC charge me a low price for a number of trades and if I do not trade so many the cost per trade each qtr does increase, so it could makes some sense I suppose?

Silver coming back and the GBP having fallen against the USD really helps us with our earnings. We should be moving up again very soon!!

Lets hope this now has a good run which it should do lets be honest. As a second benefit for us in the Uk the GBP has fallen tremendously against the USD making our earnings a whole lot better. The ROE I have is now an unbelievable USD1.16 =£1 .

Becoming almost perfect conds again for Hoc. If the maintenance can be carried out that Hochschild referred to in there very good year end results we will be in 13 days be a a very good place to be.
Lots to look forward to then.

We will have to get you to come on here more often -well done!!! Let us hope the rise will continue overnight. I agree with what you say it has not kept to the trend of shadowing Gold and should catch up. Incidentally Mark Bristow at Barrick agrees with you on Gold and he feels there is going to be a shortage over the next decade as not enough can be mined to meet demand.

Carzy no problem. If you were building a new house you would speak to a Surveyor or Architect -yes. If you were building a share account I would also in your position seek someone like Hargreaves Lansdown and ask them for a Tracker on the FTSE it does not have to be the 100 index you could introduce a little bit more risk and pull in the smaller Comps. Unfortunately no one Company is very good all of the time, most at some stage will catch you and or every one out. I even spoke to an ex- Prudential salesman I know and he has just done for himself the very same thing. Good luck whatever you decide.

When the market recovers you get a well balanced spread of recovery? You just never know with Shares. I mean tomorrow someone might say wow that Centamin looks cheap I will buy them out? Or the Ruskies might say lets not flood the market with cheap oil -lets cap a few wells and then you might want to look at Plexus? If kids stay at home Dixons Computer games might be in demand ? Or BT or Vodafone bills might go up? Or kids might want a delivery of crisps? Pensions need to be safer best to try a spread but your call, but remember its her money and her choice? Actually good time to buy a holiday place on your private Island to isolate from the Mother-In-law virus? -Only joking she might be ok?

The professor who has brought out the testing kit for the virus pandemic "Roche" "Rolfe" or whatever his name is said on TV. If everyone stayed in isolation in the World for two weeks at the same time the virus itself would die as it could not be passed on? He said it would be difficult to do but it would work. I also hear a serum has been found but it needs to go through experimental testing first but it is the taking to market and obtaining the relevant licences that takes the time. There is hope but at the moment no glory. At least I have not heard the Brexit B word for a few weeks but isolation from Europe may help us on this occasion?

Looks like we are in fashion probably due to the extra earnings off the currencies. However I see the current live price is not shown above which is a shame. Good luck those who have benefitted from holding like me.

Apparently the pound has fallen to levels only seen in the 1980's so our earning in USD when converted will be worth a whole lot more. Good news for Centamin at the moment with the currency play.

No issues were reported with Staff at any of the Hochschild mines, the Peruvian govt asked them to close production only for 15 days as they try to contain the Virus in their Country. The shut down is not specific for Hochschild it is the same situation we have in the Uk that is all. The maintenance teams still have full access to the inhouse medical facilities which remain employed on site if required. This is a govt suggestion not Hochschild specific.

Precious metals will be worth more converted back to GBP, so our earnings will increase as they are rated in USD.

-Sorry

If Like Centamin one of the biggest buyers of precious metals, I am not but we may start coming back, but one thing's for sure I investors do still head for precious metals in times of crises so where else does one go?

The production has stopped at two of their mines for 15 days. They retain a small number of staff at both mines to keep the mines in working order. All the pumps, air purifiers, and their own medical teams are all retained on site should they need them. They can fully carry out maintenance to maintain and support the mines going forward (which is to be honest what they advised with their very favourable financial end of yr report. A good opportunity to get the work done now. Good business sense whilst demand is low. IMHO.