Fresnillo Share Discussion Threads

[jamesiebabie] 27/3/2016 09:30

SG - I have been holding AMEX:TMF for a few months and watching yields go down and up and now down again; a lower yield equals a higher price; I'm happy with that.

I'm expecting the PM's to be under pressure this week with option expiries and other settlements taking place.

[hectorp] 25/3/2016 12:52

If the US Dollar is the key to all the volatility, markets etc, then there is only one winner, the USD, it is the least likely to fall of any currency I can think of, as the US is still the least badly, affected economy.
We may have to look to currency war, neg rates elsewhere, china weakness etc, to see what could weaken the US economy further and thus prevent the 2 rate rises the US seem likely to impose.
However... is it in the FED's interest to further strengthen the USD. I think it isn't so. Yes, gold will slide if the USD revalues, but there will also be a huge imbalance in currencies, so its not very plausible.

H

[gymratt] 25/3/2016 12:43

HOC has a good chart..

[utrecht_00] 24/3/2016 20:49

guys- aside of fres- what other silver plays should i be looking at? thanks in advance.

ps i recognise a few of you from the good old kryso resources days.

[jamesiebabie] 24/3/2016 16:31

Top - Sorry for the late reply, been out power washing all day.

AMEX:DUST is a x3 leverage short position on gold miners. I'm using it to hedge my gains over the last few months. I use it on a temporary basis until I see a confirmed trend.

[topicel] 24/3/2016 16:09

Lol Hectorp, there are definitely more questions than answers, eh mate?!

My take remains volatility is endemic in the system for the foreseeable and these swings are sent to try us. The dollar seems to be key, and if it gains in strength obviously gold related investments are sold off somewhat, if only temporarily.

The gains in metals generally are indeed not just for the fun of it though and all rises take a breather and even £11 could be back on the horizon quicker than we know. Iffy US consumer and retail data today, for instance can cause doubt just like that.

Chartists might like to comment on this double-bottom appearing today. A fresh wave up after consolidation for the Easter break? Who knows indeed, but I still like holding gold in these times, even via a FTSE 100 share...

A good Good Friday to you and everyone and a Peaceful Paques!

Topicel

[hectorp] 24/3/2016 12:50

I was wrong about the 1100 this week, perhaps a few more days or weeks ahead.

PS IS silver in its new bull market or is it not, I don't have my answer for this, because if not, why the huge rise in stocks in recent weeks.
H

[topicel] 24/3/2016 11:07

What's all this DUSTing you're doing Jamsie?

And abc, the short at RRS looks good down to £60, but perhaps a tad too risky as the dollar ramp by Fed members is just manipulation IMHO and designed to extricate those caught on the hop by dear Janet last week.

I mean, nothing has changed much either way, has it? A two-fold rate hike is still on the cards in 2016 and no-one seriously thinks April is a goer, and June is too early yet for the games to be affected by reality.

Easter break will see us back around £9 here I guess. Whither that eleven squid old Hectcorp was musing about? I told him ten was 'toppy'. Might take another jolt to even get back there...

Topicel

[goldenshare888] 24/3/2016 09:38

Probably not me thinks!

It is what some hope for though!

[abc125] 24/3/2016 08:43

This morning we have conventional stocks down and the metals down - is this the start of a positive correlation between the two as I alluded to earlier? Could be.

[jamesiebabie] 24/3/2016 07:27

abc - I don't disagree; I'm DUSTing and did well yesterday.

[abc125] 23/3/2016 19:40

Looks like gold will retest the recent $1190 lows. That should hold it. However the stocks could get clobbered.

Ps. Disclosure. Went short Rrs at the close.

[hectorp] 23/3/2016 10:17

very good davebowler, this week looks like consolidation , and for silver in the $15 /16 range.
Make no mistake there are many greedy hands wanting into this silver rally, as soon as we see a few quiet days..

[davebowler] 23/3/2016 03:40

Fresnillo (FRES): Gap towards Resistance Targets 1,200pWhile it may be said that shares of Randgold Resources (RRS), covered next, have grabbed all the attention for being one of the FTSE 100 shining lights for 2016, it can be seen how silver/gold miner Fresnillo is not too far behind in the bullish stakes. This is because we have been treated to a rampant performance over recent months from the Mexico focused miner, and, if anything, it would appear the technicals here are continuing to improve. This is said in the aftermath of the gap to the upside last week for the stock through its 10 day and 20 day moving averages, currently at 949p. All of this goes to suggest that we are most likely in the middle of a mid move consolidation ahead of an extended fresh push to the upside, a gap which echoes the one seen at the beginning of last month which pulled the stock up from the 750p zone to 1,000p plus. What can be said now in terms of the upside is that while there is no end of day close back below the 10 day line we could be looking to a top of August trend channel target as high as 1,210p. The timeframe on such a move is seen as being the next 4-6 weeks.?

[hectorp] 22/3/2016 17:23

As to rounding up the diehards they are steps ahead of the powers that be , seeing as the guy who was arrested on Friday will be in no position to withold their names!
This is probably why the cells decided to act almost at once.. ( aside) they will have flown the nest or have been killed, there could be dozens more of course.
Yes there are things to happen before silver can get over $16 and move to $17, and $18, seasonally this isn't the time, but this year could be different.

[topicel] 22/3/2016 08:41

Sadly the terrorism aspect of why gold is strengthening has reared its ugly head again this morning.

Markets will react with even more volatility in these moments. Let's hope this is the last of these nutters in Belgium...

Topicel

[hectorp] 21/3/2016 09:10

It is indeed too soon to know if we are in early bull territory, and we have evidence from 2007-2009 in the silver pricing that shows , that silver rose from $10 to $20 , everyone thought it was a bull market - and one day, silver went to $9 and shocked the recent buyers. Of course it then went back to 20 some months after and of course to $50.

Jamesie,
I agree buy the metals now if not before now. Gold rose 24% in 3 months in sterling, though its faded a little bit, I don't see sterling as a strong world currency over the coming year or two, Brexit yes or no, etc.

[jamesiebabie] 21/3/2016 07:59

GBP is weakening against the USD; buy your physical is my recommendation as the USD is likely to get stronger!!

DO NOT watch the price of silver in USD; watch the price in GBP!!

[jamesiebabie] 20/3/2016 23:58

H - Rob Kirby is talking about GATA releasing a report on the PM manipulation in the very near future. This is in addition to a similar interview last week.

[topicel] 20/3/2016 17:54

An interesting weekend read Hectorp, if rather tedious and repetitive!

The sentiment I choose to follow is that of in times of volatility and uncertainess, the gold and silver markets are always a good safe haven and therefore until outstanding issues like Trump, Brexit, China, Europe and even the Fed hike scenario prevail, among others, I hold gold shares and/or ETFs and accumulate on the dips.

If we are in 'baby bull' territory then that will do just fine too! Personally I think it is too early to be as sure as he is...

Topicel

[hectorp] 19/3/2016 11:39

Jamesie and Topicel, I am following your arguments above. For traders , its certainly good to know if an underlying VALUE persists in the metal itself or if the metal is likely to have some downside time again. Jamesie continue the good work with the charts and Elliot counts. But what the guy below writes blows need for caution today, out of the water unless he is a snake oil salesman.

This is from a gold commentator, as you will see it is bullish about gold but I would say it also applies to the situation today of silver/Fres, silver. silver Funds etc.
at a pause in the rally in the gold sector this article and opinion gives a lot to think about - to the upside.



Early days yet. Normal Hui/gold ratio is over .35, so far it has only recovered to 0.15. For silver there will be a similar underperformance .
Adam Hamilton is clearly correct: 2015 miner price action was a one year anomaly to the DOWNside. We have simply corrected the oversold aspect of miner prices.

My comment having read all that and given it thought: Gold and Silver stocks which are profitable a little below today's price for the metal, should more than double in the coming year EVEN IF silver was $15.80 in 9 months and gold as only todays price in 9 months. Of course there will be hiccups, and whiplashing on the short term scales as always.

The HUI gold ratio has over 200% upside possibly, 300%, ( Hamilton's Hui/Gold chart) to come to simply get back to its average situation based on today's gold price - not say, some future $1400 gold price or $18 silver. If we see higher gold and silver prices, our miners are gonna be up 30-50% in weeks. All very IMHO!
LAStly just an obeservation of the last month's action: silver WILL keep up with gold, at least.