Member Info for Tornadotony

First support being around 99p,

98p strong support line.

96.3 and at 94.6p

94p strong support line.

Gold breaks to 1900 area, I would expect support lines getting tested. First support line confirmed as broken and top of down trend channel confirmed at 100.1p.

Helps my reading the Board more grown up and less teenager hiding behind the sofa.

Angelis with 300 odd posts versus Mr Tibbs above 13,000. Angelis instead of shooting from the hip there is tool called filter which has a green button above any script when you want to write a message next to the share chat in red if you are not colour blind. You can put me on ignore, Mr Tibbs and anyone else who you do not want to see what they choose to scribe instead of mouthing off. Anybody within reason can write what they want if they are scribing a message to the readership. The frustration with an utterly incompetent, corrupt and immoral political administration is something that most people in the UK would like to see the back of. How is it relevant to Centamin is that our currency is going down the toilet probably in a few months time and Centamin priced in a weak currency will obviously increase sharply along with gold when priced in sterling. Some of us want prices of both to go down as low as they can in the very short term so that we can back up the truck and buy as much as we possibly can rather than holding FIAT currency being inflated to kingdom come.

Angelis

I am 95% off Centamin and have been since 109p area. The 4 hourly chart has the top at 101.1p. I agree with Citi view that the FED have got to hike rates as additional data is suggesting an uptick in the economy despite less borrowing. As for the bottom of the chart I was wrong it is 98.6p on the daily. So I stand corrected on that one.

Bottom of the daily down channel on 1 hr chart now at 98.6p. NFP data along with other positive surprises implies the need for USA FED to hike rates in June. If they don't they undermine their own policy arrangement of responding to the data. A sudden change would undermine confidence in the FED further than it already is. The FED has put itself in a corner. Centamin more likely to retreat especially if gold stock ETFs head downwards.

Https://news.metal.com/newscontent/102238745/LME-Has-Lost-Benchmark-Status-in-a-Key-Part-of-the-Nickel-Market/

One of the issues is being clear which part of the nickel market HZM is operating in and how it may hedge future prices.

SP

I am pleased RBW are not in the market this time seeking funding and it was recently resolved. As the USA debt ceiling gets agreed around $1 Trillion in Treasury Bonds gets issued draining global banking liquidity further during Q3. I have noticed corporate bond sources emphazing bond liquidity risks. Of course the higher the project risk the lower grading given to corporate bonds. Hence why some companies are now having General meetings for votes to support share dilution.

All the best Tony

Divi recovered. May well be temporary.

Found support again.

Https://www.ghacks.net/2023/05/29/canon-quantum-dots-oled-panels/

If it is new it would explain why Nanoco wanted to get the Samsung deal over with and get into further developments asap.

All the best Tony

It is starting to look like a hospital pass to hold for divi which is around 2p. Traders are probably backing off to wait for the sub 100p range. The miners mini rally stalled yesterday. The descending channel is probably already 104.5p and the bottom has crept a bit lower as well.

Thanks Theo.

Off topic for everyone else.

As an aside I would not bother with the LSE PRE board Theo. The company is likely to be doing a dilution. I can not understand why anybody would buy the stock above 27p when book value is now rated by analysts at 19p. Reminds of how people get roped in finding the dice hidden in one of 3 cups (funding sources) when they had to many drinks and are doing a seaside walk and are caught by the intelligent bandit playing which one is the funding cup at any swaparoo time. All the best Tony

This may have to do with mining 17 million tonnes of Tantalum which gives high melting point steels that are best utilised in missile as well as fighter aircraft manufacture. The UK defence ministry would be keen. Centamin would be very useful as a partner in the project. So yes it could be highly relevant to Centamin if they have ambitions in being more than a gold miner in Egypt.

Https://www.mining.com/canada-to-have-rare-earth-processing-plant-in-2022/#:~:text=Canada%20will%20have%20rare%20earth%20processing%20plant%20in,ingredients%20for%20military%20weapons%2C%20electric%20vehicles%20and%20smartphones.

This I think was the plant in question. I do not save everything I read from 18 months ago.

Now have a gap with USA market so we might get a retreat this afternoon to close gold chart gap.

Astro and other readers,

Gold GDX and other ETFs are marginally positive thus far. The pull back on Centamin is suggesting a much lower gold price Currently hugging the bottom of a descending channel. The chances of a small rally are 5 times greater than breaking the down channel daily closing line on what would then be capitulation selling. Centamin has enjoyed a gold price sale well above 1900 all year. I can think of other miners and stocks in general that deserve capitulation, but it looks overdone on CEY at this time. I believe sub 98p may well appear later in June, but gold when gold is much lower than $1960 an ounce.

SP I think there is a refinery in that part of Canada, but source ore is from hard rock West Canadian mines. It is not being sourced from gypsum stacks.

Down channel top around 105p and bottom is currently 99p. Likely to test the upper side of the descending channel and needs time if it is to eventually break 99p.

Perhaps to 105p area over coming days.