Fresnillo Share Discussion Threads

[hectorp] 09/3/2016 15:07

abc closed out fres yesterday. Still holding same value in HOC long, so overall not down much.
jamesie I just use spread bet silver ( its May at present).

I dont like being short gold or silver miners, just silver spread bet shorts, as I own phys.

[goldenshare888] 09/3/2016 11:08

Not for very much longer I feel!

GOLD BULL returns and we may be seeing a final small pull back before major blast-off?

Would not surprise me to see $1400 plus GOLD very soon.....

[abc125] 09/3/2016 09:11

Hector are you stil holding your Fres or will you continue hedging? From my own experience hedging is difficult and it can do your head in. Instead of shorting silver you could maybe open a spread bet short in Fres? It would track your long more accurately.

I see you bought Fres near the highs. My commiserations. Nowadays i find it psychologically difficult to hold onto losing positions for long. When I close a losing trade it's like an exhilarating wave of relive washing over me!

This precious metals bear has been cruel and will continue to frustrate investors.

[jamesiebabie] 08/3/2016 16:01

H - Which ETF are you using to go short? tia

[hectorp] 08/3/2016 12:24

Trading, a wager, is mis-termed and full of dangers for the short term player,
And yes I do it too!
But most of my money is sitting long term in G and S since 2008.
So my main trade is a short on silver ( or was, when it was falling) as such a trade is a hedge for me.

[topicel] 07/3/2016 16:04

Lol, then spare a thought for my AHT experience last week. Withstood the 15% drop as I don't believe in stops and saw it climb back on the back of director buys to 850p.

But I'd been softened up and when it fell the next morning I bailed at 839p with £100 profit on £20k. A profit is a profit but I had hovered over the sell button the evening before results on 1 March with 927p offered, thinking good results would add to the buying. Good results didn't...lol...and the fix was in it seems.

To compound everything it rose to £9 again after my 839p sell within two days. Luckily all the branches nearby were out of reach, ha ha.

Yep, good luck it is! We battle on.

Topicel

[abc125] 07/3/2016 14:30

Yes good luck. I'm just a bit miffed I got shook out of a short which had an average of 1002p. My analysis was correct but got spooked when it spiked to 1020p!

[abc125] 07/3/2016 09:27

Topical, I think technicals are more important than fundamentals. Fundamentals can lead to intraday spikes but the market will continue its trend until it doesn't. Last weeks gold spike to $1280 did not result in new highs for Fres or Rrs - a warning sign in my opinion.

[topicel] 07/3/2016 09:16

Maybe abc, maybe...but we have to factor in the ECB decision on Thursday which could propel more negative interest rate 'rises' onto Europe allied to increased QE, don't we?

IMHO the move down is merely in preparation for the certainty of a continued flight to gold and other PM havens once Draghi has said his bit.

There is plenty of volatility about yet, that is for sure!

Topicel

[abc125] 07/3/2016 08:51

Gold strong this morning yet miners weak. The market is telling us that a full blown correction is in the offing. Given the scale of the advance I envisage a 15-20% correction over the next several days/weeks. That's equates to a price of 800-850p imo

[jamesiebabie] 06/3/2016 22:26

SG - I do not have a fixed target; it is governed by the waves, which by their very nature are fluid and moving. Long term, it is likely to be equal to or higher than the previous highs when we reach wave 5 of a super cycle.

[saturdaygirl] 06/3/2016 21:55

so post live then .

[saturdaygirl] 06/3/2016 21:55

so post live then .

Everyone has seen £10.20 but I have a cheeky £13.91 target

[jamesiebabie] 06/3/2016 21:50

SG - I could and probably have; I update it daily. :)

[saturdaygirl] 06/3/2016 19:07

You could update it by 2 months to March 16 ?

[brucie5] 06/3/2016 18:25

Jamesiebabie 6 Mar'16 - 13:35 - 3571 of 3571 0 0

I think I'll have some fun updating this chart over time. :

---------------------------

Do you reckon it could revert to the overhead trend? Would be interested to hear your analysis - as an indirect holder, through GPM. I rather considered this an elephant that would be unlikely to gallop, though it has been walking fairly vigorously of late...

[jamesiebabie] 06/3/2016 13:35

I think I'll have some fun updating this chart over time. :)


free stock charts from uk.advfn.com

[saturdaygirl] 04/3/2016 22:17

Enami

Many thanks for the explanation .

[saturdaygirl] 04/3/2016 21:24

Did the after hours trade of 639634 at 959p hold this back today , did the MM`s spend all day filling this order ?

[goldenshare888] 04/3/2016 18:31

sorry for double post.

Good weekend all.

[goldenshare888] 04/3/2016 18:30

Raise rates - are you kidding?

They could soon be adopting a negative interest rate regime to fall into line with other countries ECB etc.............

[goldenshare888] 04/3/2016 18:30

Raise rates - are you kidding?

They could soon be adopting a negative interest rate regime to fall into line with other countries ECB etc.............

[topicel] 04/3/2016 12:46

The demand for gold remains rather solid, and even silver is bouncing strongly from recent profit-taking.

Plenty who are not yet convinced by the recent more general rallies in equities and commodities or that further volatility isn't just around the corner.

Still looks like a hold here in these conditions. Signs of the Fed maybe raising rates again dependent on the US Payroll data this lunchtime could derail things so watch carefully the reaction to gold after 1.30 p.m. GMT...

Topicel

[edjge2] 01/3/2016 16:55

surprise stateside data not helping today.