Closed lower in Toronto JB Gold junior miner index has dropped around 36% and is now at levels when the gold price was trading in the 1430’s. It may take 5 weeks for the gold price retreat to work through the system and catch up with the small gold miners. My view is that Centamin will go on a much lower volatile decline but it will take weeks to work through. At 103p area a reverse head and shoulders would be in play on the technical chart. I therefore see that as a relatively safe zone to significantly invest.
Closed lower in Toronto Monday will be interesting. In fact next week will be. I’m hoping that this is a resetting of parameters so that we can both repeat the first 6 months of this year, and our profits. I haven’t searched yet for the date of the next company report. If it’s far away we may get another rise. Once the bad production news is repeated I’d expect another downturn and we can do it again. Hopefully in Q1 or Q2 of 2019 production might be back on course. Of course the success of the company is not really relevant to our profits. We both, @tornadotony, made our profits as the SP did a zig zag downwards. JB
Closed lower in Toronto Open to be around 118.8p. Momentum and MACD still going south. Hard to judge where the bottom is. Complications of the FED as well.
Closed lower in Toronto To open around 118.9p with a major chart support breach.
Precious metals miners across the board now falling The gold and silver miners are going on the down side generally and it suggests the bottom is about to fall away on the gold price perhaps or the miners are a hedge against rising gold prices as occurred in 2011. A possible message coming through is to sell the gold and silver miners.
Staying out There is a big potential to make money on equal terms with losing money. Best to wait and watch. JB
They need to issue an RNS Read your @tornadotony message before checking Centamin. Gosh that is vicious, down 8%. Trading at 119.5p as I write. Never thought we’d be ending this week a few pennies from my perceived entry point of around 115-116p. Perhaps a bit overdone but time will tell. Some brave souls may be tempted in at these prices. Obviously this puts a totally different view upon things. Maybe my wish of re entry below 100p is no longer a dream. For now I’m staying well out. Surprised at the delayed reaction as we both (@tornadotony) spotted the problem almost immediately within yesterdays presentation. Perhaps we need to get the next production report out of the way before thinking of buying in. JB
Anything more about the CC, Law32 etc Hey Siko long time no hear. Is the court case dead and buried? Is law32 no longer something we should hold our breadth for - to reverse the fortunes of CEY?
Tedious, half hearted grind upwards in the sp with golds move from $1211 to nearly $1300; now drops like a stone on a $16 pullback in POG! Frustrating.
Lesson: Never trade based on your biases.
HaHa! All you morons missed this. Gold now up $15 overnight and headed higher. CEE broke $3 today and CEY will break GBP2 tomorrow. Idiots!
Re: Denver Presentation. Thank you pedred.
Anyone have any thoughts on todays big drop ?
Slightly disappointing move in CEY today, given the strong rise in gold. Would have expected at least a 4p increase - are we decoupling for some reason ?
Interim divi of 0.02USD/SHR