Fresnillo Share Discussion Threads

[goldenshare888] 16/3/2016 21:42

Fed raise rates this year?!!

Are you joking!

You surely mean decrease.

Miners BOOM coming!

Don't believe the BULL----!

[topicel] 16/3/2016 20:51

Not so sure you'll see the $14.90 silver before the 16 dollar level jamesiebaby, after the quite dovish Fed comments from Janet Yellen today. The buying of PMs simply took off as she spoke, with interest rate hikes off the table for sure until June it seems, and two, at most, rises this year rather than four as predicted only last December...

But you are more correct with the gold call as ABX in New York has followed the high you mentioned with a further surge of 7%. It bodes well for Fresnillo longs tomorrow if the link you suggest is strong.

Always a safe haven with this volatility around.

Topicel

[jamesiebabie] 16/3/2016 08:37

I'm expecting to see Ag go to c.$14.90 today and then heavy buying over the coming weeks to take silver to at $16.

[p4ulinho] 16/3/2016 08:33

abc you also said the hui was going to 35 when it dipped below 100. Well done you called the bottom.

gold has dropped $50 yet the shares have barely flinched.

[jamesiebabie] 16/3/2016 08:33

NYSE:ABX - closed at year highs last night; gold leads silver and ABX leads FRES.

[jamesiebabie] 16/3/2016 08:09

A possible view on the FRES chart.

EDIT - the big 1 and 2, should infact have been labelled [i] and [ii].


free stock charts from uk.advfn.com

[abc125] 12/3/2016 14:26

Nice analysis Paul as usual! Lets see what happens when conventional stocks top out. My money is on PM's and stocks going down together. Gold will bottom this year but we might have to wait until October/November.

[a.fewbob] 12/3/2016 12:57

Although I think gold is likely to have a pull back, nothing goes up in a straight line and I think gold has had one of its strongest starts to a year in 50 years or some such.

[a.fewbob] 12/3/2016 12:55

Couldn't have put it more eloquently myself!

[abc125] 12/3/2016 12:32

Gold spiked to $1285 following Draghi'S comments but settled back to $1250 on Friday to form a weekly red candle. The upside is waning imho but I think we will have one more rally high. I think PM's and conventional stocks are now positively correlated. So when stocks resume their downtrend so will the PM's.

[hectorp] 12/3/2016 11:05

Even allowing for higher gold output ( especially to silver) they " only" produced about 0.7 M ounces of gold last year, compare that with CEY's much larger gold putput at lower cost. I'm now neutral on Fres till I see more of the smart money that left last week piling in and in large volume.
H

[topicel] 10/3/2016 11:40

Thanks Dilbert.

"Fresnillo stock holders will be greatly rewarded" is a conclusion that was in-expected after the headline!

So despite yields falling and production costs increasing in recent years in silver the move towards gold as the primary revenue driver since 2014 has added value. Even with lower PM prices last year profits were $70m and more upside is obviously envisaged at the present peg.

It also implies a view that gold and silver will be gainers in the future, presumably as the cyclical bull market is seven years old and the Bears will have their turn...

Still reckon Draghi is more relevant today.

Topicel

[topicel] 10/3/2016 08:47

Some hesitancy this morning on the Markets that Draghi might not be so decisive with a further lowering of negative interest rates as he may site the recent rebound in oil as helping already in his drive to return inflation to 2%.

If that isn't the case then more funds must surely flow from deposit accounts of all types and into PMs with, as ever, gold the principal beneficiary. A dose of QE should also aid equities, so perhaps a double-whammy to the upside for Fresnillo holders at lunchtime?

If he disappoints like he did in December we will probably see gold bounce as it has since then and that $1400 mentioned could come into focus. As ever, volatility as he speaks and info is digested....lol.

Topicel

[hectorp] 09/3/2016 16:32

I noted your UGAZ mention on the Ag thread the other day, hope it does well for you. I have a thing about never trading oils and energies, and rarely have traded currencies though that Yen/Dollar trade is interesting these days. But the Yen must be getting toppy soon. Where will crude go after $38? seems toppy as well.
Over the last 3 years I've shorted silver as a hedge, with the secure knowledge of its validity.
BUT ( abc) I know what you mean, and some times I've closed it far too soon, or too late ( ie I have been whipsawed).

Naked, you cannot do that most times, and we peer at the screens and the second or minute chart, finger over the mouse button, and bang goes the evening. And that side of it is certainly addictive! .
H

[jamesiebabie] 09/3/2016 15:29

H - I must admit I'll probably use DUST in the future as a hedge; thanks anyway.

Doing some good trading at the moment and UGAZ going nicely after I entered.

Looking at the DOW again; it's fallen out of the wedge; if I see a back test, that will be my entry.

We have Draghi and Yellen, so they may just upset the apple cart.

[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