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12201-12220 of 12512
Just touch $0.35......Buying volume still far exceeding selling.
Gold price up = better profit margin when CNMC sell their gold.....more profit = better dividend yield + cash flow = higher attraction value
TuaPekGong9413 ( Date: 16-Jun-2016 14:29) Posted:
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Gold price is traded by contracts... Not really physical buying... Even if it were to shoot up today, it does not mean ppl are rushing in to buy..... Search Kitco for more gold movements. When gold hit almost 1900 years ago, everyone was optimistic about it reaching 2500 or even 5000..... But look what happened? Personally, I have bought physical gold too when it bottom down and sell back when it goes up a bit... It is so unpredictable so I rather not too optimistic... Gold price can be slammed down real hard suddenly... Just my 2 cents view
Gold price up $22.36 to $1308.14.
Gold price going to break $1310....once Europe and US market open....may break $1330
My answer to your qns is yes. If brexit did not happen, then gold price will plunge which i believe will be short term.......long term wise, gold will still shine as countries is keeping pace with one another in printing fiat to settle debt. Don`t forget the next major event is US president election, which is more worrying than Brexit.
TuaPekGong9413 ( Date: 16-Jun-2016 12:48) Posted:
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I bought it at. 199 last October. Too bad only bought small small.... Wonder should I sell now.... Just a precaution.... When we expect gold price to go up, it may not to expectation. Gold price is still determined by US $ and If US$ drop and gold up, it may not be significant enough...best scenario is gold up and us$ up.. If brexit does not take place, will gold plunge?
Going to go up to 0.34 soon.....buying volume still heavy. I think most realise that this counter has potential to reach 0.4 given the economic situation currently. Gold price also helps.
This one is doing well in this volatile period becoz gold is a good hedge as always in crazy time. Now is the crazy time!!
Market down but this one is holding up...thanks to Aussie All Ordinary index ..still poistive...this will indicate if market turn around for STI and HSI, this will break the 0.35 cts easily...
blissbao ( Date: 16-Jun-2016 10:38) Posted:
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Be patient. This counter will be a multi-bagger. The uncertainty of the market will push gold higher, negative yields will make gold more precious... Ride on the upwave like a surfer... you will be smiling to the bank by the end of next month when you look bac.... :) Gold price ll test new high tnite...
Hope this one is my multi-bagger if it breaks 40 cts...have been rolling over my longs around 0.29 cts for the past three weeks..this will help to cover my hole in Nobel...
trader1970 ( Date: 16-Jun-2016 10:03) Posted:
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Morning volume almost surpass yesterday.. High chance for this to break 35 soon as the awareness of this solid counter is known......Hold... next week should touch at least 38 to 40...
This is the best gold counter
Can buy as gold shld cross usd 1300 soon
Morning showing seems to indicate that 32 or 32.5 are support as this is the high point of the past 6 months. If vol continue to show strength today, the next breakout point will be 35, ceteris paribus.. :)
As said yesterday, gold has briefed 1300, with Fed holding bac, and Brexit seems positively to be true as referendum is around the corner, gold will surpass 1300 by early next week toward 1350 (wont be surprised)... Be it as short term, medium term or long term, this is still a good entry price as BB and investor will buy and hold till the dust settle, which the liquidity being low already adds to the spike. Cheers to those who believe this is a " safe haven" counter... :)
| Share w you some pointers on CNMC: | ||||||
| Gold price trading band from Jan 2016 to 16 June 2016 | ||||||
| January | $1063 to $1117 | |||||
| February | $1138 to $1232 | |||||
| March | $1231 to $1260 | |||||
| April | $1222 to $1292 | |||||
| May | $1213 to $1289 | |||||
| June (1st to 16) | $1244 to $1293 | |||||
| You may notice that in the first quarter (Jan to Mar) gold price was traded | ||||||
| between a low of $1063 and a high of $1260, whereas in the 2nd quarter the | ||||||
| trading band was higher &hellip from a low of $1213 to a high of $1293. | ||||||
| The higher price for gold should benefit CNMC. | ||||||
| All-in-cost | ||||||
| Below is a quote on company' s " all-in-cost" taken from 1st quarter press release: | ||||||
| " The Company&rsquo s ongoing efforts to improve operational efficiency paid off once again | ||||||
| in 1Q2016, as its all-in cost of production fell below US$500 per ounce of gold for the | ||||||
| first time to a record low of US$487 per ounce. This was a 20.9% decline from its allin | ||||||
| production cost of US$616 per ounce in 1Q2015." | ||||||
| Gold production | ||||||
| A quote on gold production as appeared in 1st 2016 press release: | ||||||
| Revenue grew 7.1% to US$8.40 million as the Company produced and sold more | ||||||
| gold in 1Q2016. Output rose 11.6% to 7,271.35 ounces of fine gold as a result of | ||||||
| sustained productivity improvements at its three leaching yards and contributions | ||||||
| from a pilot run of its vat leach facility, which resumed operations in April 2016 after a | ||||||
| one-year refurbishment process. The higher output offset a 4.1% slide in the average | ||||||
| realised gold price in 1Q2016 as compared to 1Q2015. | ||||||
| Note: Above are for info only. It is not a call to buy and sell. Pls do your own due | ||||||
| diligence as there are other factors affecting the company' s profitability such as exchange | ||||||
| rate fluctuations, other costs etc etc | ||||||
May b 36 high and clOse 34? If gold price continue to go upwards. Thursday fri normally profit taking.
Not vested. My nick tells u so.
Not vested. My nick tells u so.
FreedomAngelz ( Date: 15-Jun-2016 23:44) Posted:
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Any TA analysis on what price it will close tommorow?
CNMC is a low volume counter until recent heightened interests in gold. Shortist will only die pain pain if ever there is one. likewise for contra player if your timing is not right. For longer term investors, this is a low-risk safe stock.Current push, is it a push from long term investor or BB who want to make quick bucks from this. If it is latter, the surge is temporary and will retreat eventually after the distribution phase. DYODD please. Do not chase if it the latter as the liquidity of this stock is real low and when you want to sell, there may not be buyers....I' m a long term investor of CNMC but at times do take advantage of this tide, that is sell into strength and buy back when it retreats.