Member Info for Tornadotony

Data next week is far more important plus FED meeting.

No cuts in March is the bet and probably not going up in rates. Bond rates only short term and 10 year higher.

Nothing much in the data. Quite neutral this time.

Gold is not overvalued but is broadly of median value. Publican value your home in ounces of gold and compare with previous gold price and house prices in the same currency. An outer London semi detached house for example ranges from 340 ounces to 720 ounces of gold going back to the 2011 where it hit the 340 ounce mark. At the present time that same house is around 460 ounces. Yes gold can go higher but it can go lower if prices become very deflationary.

I should stress I do not know which way it is going to go. I am watching with keen interest. If China is in economic trouble it can sell gold if low on USD and USD Treasuries to sell.

Waiting to see what happens with gold price before I vote. Numerous sources suspect gold and silver to fall hard and if they are correct then the Board prediction on precious metals prices will also be proven to be right. I encourage folks to vote late February after Chinese New Year on 10th February and await metal price confirmation. Gold mining stocks could be near a breakdown. If this view is wrong then a huge vote could go no, but if it is correct a lot of people will want to get cash back.

Starting from 1 Jan 2004. * half a penny plus gap

25 October 2004 9.75p- 9.88p.

23 August 2005 12.5p 12.75p

3 July 2013 31.15p to 31.75p.*

23 December 2013 41.14p to 41.17p

28 March 2014 49.6p to 49.72p

25 Jan 2016 62.65p to 62.90p

3 Feb 2016 67.3p to 68.38p *

5 Feb 2016 70.2p to 70.3p

15 July 2022 74.42 to 75.26p *

27 Oct 2023 79.9p to 80.1p

17 Jan 2024 91.5 to 92.1p *

and the recent one I mentioned at 93.05p that opened above 94p *

In 20 years we have just 5 years with more than 0.5p gap in charts.

91.5 to 92.0p No RNS

93.05p to 94.36p RNS released although not hugely significant.

Centamin has a strong record of back filling chart gaps over its trading history going back to 2013.

Gaps caused by RNS also back filled although sometimes over a longer time frame. We have gap lower than the published RNS.

I am not buying Centamin with such large gaps in the charts.

Liberum reputation on Shanta Gold board is in pieces.

Company asks Liberum CI what is one plus one. Liberum answer is what number would you like it to be. They are useless.

I took profits just over 96p. Concerned about being on for the rest of the week. Will look for a lower entry point.

In the meantime I have washed 200,000 Shanta shares and rinsed through Centamin to get them out equivalent to 14p. Have taken a step closer to your total Publican.

Steve, I remember the last time you did it, Centamin revisited sub 90p.

Gold and GDX now in retreat. Have taken some profits off the table at 99p.

I just find it incredible that we have a stock where 85% odd value is in cash in the bank. The company has to be worth more than £9M. Just shows what a disaster the AIM / smaller UK stock market is in.

Now hitting a descending resistance line. Last time this happened was on 12th January.

GDX in USA rose 2.3% so this would have opened at 95p. The key now is to watch GDX and the gold price. We will know what the correct thing to do now in a few days time unfortunately. Will gold and Centamin shoot up or will both retreat and close two CEY SP chart gaps below. Crystal ball time.

I was originally sceptical about Henderson, but he has proven to be far more genuine then so many charlatans who visit LSE. Grateful for the inputs Henderson. (I also do not hold it against you if you get it wrong as we all are responsible for our own victories and mistakes).

Overall, I am happy to have recovered my portfolio to 1 January. Now watching what happens to gold prices.

I am pleased the due diligence report is out there for everyone to read.

Rebess

I think you are right Rebess. Now massively overbought when a CEO and quite a few people around him did not spot an error in reserves for 5 weeks. The volume was not high behind the spike. We shall see if this ends up being a bull trap or some kind of pump and dump in the coming days. There is a gap in the chart caused by an RNS and although they sometimes do not get filled, I suspect the gap at 93.05p eventually gets back filled.

The alternative is that a massive gold and gold miner is underway. However the HoC rise was on the merit of a 20% increase in annual production for 2024. The rise there has a lot more merit.

Steve,

I think its appalling to have any kind of error in published data and having to correct it. It makes me wonder what else is going wrong with centamin figures. These guys are paid a fortune. Something is not right here. Tony