CEY is a gold mining company operating in Egypt. It was ordered by the Egyptian Government to stop drilling pending a legal dispute brought against the company by a government minister.

Since then, the whole Government cabinet was replaced a few months ago and the minister now in charge of Mining is believed to be positive on Western investment in the country. CEY are pushing for this minister to allow them to continue drilling ASAP; investers are waiting....patiently.

As soon as the company gets the go-ahead to continue drilling, the share price will move north; CEY has plenty of gold in this mine and it is (apparantly) the case of "raking" it out rather than drilling for it!

Check them out...worthy of a punt.

solid buying this afternoon.

Peak time is usually about September for gold price.Price has spiked up significantly over the last day or two.Chart suggests to me new highs for gold price are certainly on the cards.
I have heard $1200 is entirely possible.

a 5 point jump today after $25. jump in gold price yesterday to $979

up 14% in Canada last night

Big recovery in gold stock prices today (many in 6-8% range).Looks like there is anticipation that we are going over $1,000

Heading for $1200.

If at the height of the recession investors were seeking a safe haven in gold, thus forcing the price to test the $1000 level 3 times, but bouncing back each time, why would the price of gold now breach that level & go further? Economic news is still bullish, even though the markets are getting ahead of themselves & big corrections are likely. Are we anywhere near the indian wedding season?

I think September has something to do with it Harry. Generally not good for stock markets,but historically good for the yellow stuff!

look at the gold chart, ready for an upward move towards $1200.

Spot price for gold is currently $987. Don't know what you are looking at halifax???

harry look at the triangle.

The main concern re the continuing upward movement in the gold price has to be this .Gold hit $1,000 back in March of this year ,but could not hold it ,despite the fact that the economic outlook was at its gloomiest.
That said, the gold highs of 1980 would be equivalent to about $2300 today,so there certainly is precedent for much higher prices. The current price is $989.
Any comments?

With gold in favour,we are now testing 100p. A buy of 115,00 at 100p has been recorded.
cyril

Breaking the all importent 1 barrier (101.25p),lets hope it can hold onto these gains during the day?
cyril

Very good. Also note that gold has broken the $1,000 barrier at $1,004.

Yes excellent news,watched Bloomberg the other day,i believe it was a Frank(fred)
Mcgee who stated that if gold broke the $1000/ounce and held above $995 it would be a signal which would bring in large technicall buyers and drive up the price? We shall see?
cyril

Gold now at $1019,

The all time high for gold was Mar 2008 ($1033.90),now in touching distance.Watch out if that goes soon

FREE INVESTOR EVENT - 62nd Minesite Forum - 13th October 2009

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This could be the start of the breakout.
Now at $1024,with a breakthrough at $1030 in sight.The weakness of the dollar seems to be the impetus.Also ,the stock now above 100 should help. Touch wood!