tornadotony
23 Oct 2019
Excited Not exciting for those holding shares as the report was awful as expected. The underground ore mined was 3.9g/tonne and there was no above ground ore grade improvement from Q2. The Hapi zone was not happy. Share price at 93p might be fair value.
Jargon_Buster
22 Oct 2019
Excited I’m a little bit excited about tomorrow’s report. That usually means it will turn out to be a damp squib. Either way it might set the agenda for the next three months. So far Centamin is lacking any energy, we are still on a downward trend. In the past after some negative news we have had a rally for no apparent reason. It would be nice to catch one of those again. In the past year it seemed that 80p-90p was a definitive bottom. Could we go that low again? JB
Jargon_Buster
21 Oct 2019
Gold miners rally Interesting how the difference between a morning and an afternoon can be. You start to think there may be a rally happening then it loses most of the gain. JB
tornadotony
21 Oct 2019
Gold miners rally Gold price starts to tank and the gold chart pennant is now showing a clean break. I suspect gold spot to retest 1465 this week.
Jargon_Buster
21 Oct 2019
Gold miners rally @tornadotony I’m still awaiting Wednesday’s report. I wouldn’t touch Centamin until that’s out of the way. Afterwards I’ll process how things go. Who knows, maybe Centamin might meet their target but I’m not betting on it. Literally I’m not betting on it JB
tornadotony
21 Oct 2019
Gold miners rally I am remaining off market despite what appears to be quite a strong rally. The oversold indicators are now gone. A lot of miners report this week and my view is that a lot of the price increase from May/June has been added into the gold miner stock. A lot of miners are actually underperforming so I have opted to stay out on the latest moves. I remain quite firm on my view that the price for gold is to pull back substantially in the coming weeks.
tornadotony
20 Oct 2019
Next support line COT Gold report shows a move from peak by 22,000 contracts as the smart money starts to move out of gold. The peak this year corresponds to the 2016 peak. At the rate of the current retreat it will take 8 weeks for gold price to bottom if the drop remains consistent at 20-25k contracts per week.
Jargon_Buster
18 Oct 2019
Next support line As usual I listen to others but make my own mind up. @tornadotony you could well be right in this case. We’ve gone down lower than I thought, without October’s report kicking in. I’d much prefer to miss the bottom rather than enter the market too soon. Time will tell, there is no hurry. JB
tornadotony
18 Oct 2019
Next support line JB and all the readers out there, I believe the down trend in gold and their miners equities may get far worse than I originally thought. I am now suspending all my lower level buy orders as they may actually be way to high. Centamin to go lower than 90p in the coming weeks is how I now see it. The down trend to persist for the next 5 weeks is where I think it goes from here. Tony
tornadotony
18 Oct 2019
Next support line JB Keep an eye on the COT report editorials published in Gold Eagle over the weekend. Hopefully they are moving down from record high positions and the gold price undergoes a correction which helps a future bull market rally in 2020. If for any reason the contract numbers go up, do not buy into a sucker rally next week is my own opinion. Tony
Jargon_Buster
18 Oct 2019
Next support line @tornadotony 107.8 has gone and we are fast approaching October 23rd report. This is looking good for a 90p+ buy in. I can’t believe that my patience might just pay off. Still one has to exercise extreme caution. We are getting back to an almost no brainer again. I’ll try hard not to get over confident. JB
tornadotony
18 Oct 2019
Next support line If 107.8 goes, the next support is at 105.2p.
Jargon_Buster
17 Oct 2019
Going as planned Things are going almost as predicted. The SP has just dropped below 110p as we head into next weeks production report. If all goes to plan, and production is lower or at the lower end of predictions, then we might drop below 100p in the following days. I’m not sure if Brexit will have an effect, whether it happens or not. I’m still looking at November as a possible date to garner my investment interest in Centamin. Maybe even back into the 90’s by then. JB
tornadotony
17 Oct 2019
109.5 Support line breached Next support at 107.8p.
Jargon_Buster
15 Oct 2019
My new photo Very good @tornadotony
