Fresnillo Share Discussion Threads

[discodave4] 14/11/2016 08:59

pmsl200SMA 1387DD

[dmitribollokov] 14/11/2016 08:17

Support isn't til £11 ish here

[arja] 13/11/2016 22:04

hi Hectorp - yes thanks and hope you are keeping well too. I do think only short term in recent years and just look for day trades when a share is overbought ot oversold . Interesting times with brexit and Trump in USA . Hope Putin does not think about attacking the Baltic countries and they are very nervous of this evil man . Hard to believe that Trump can admire this man - does he not know about the "contract killings " of political opponents authorised by Putin. My Russian friend's WORD .

[return_of_the_apeman] 13/11/2016 20:45

Bring on the wall

[hectorp] 13/11/2016 14:45

hello arja hope all well with you.

All looks very oversold. in extreme volatility such as we now have, charts are only really useful to short term trading.

[flavio_monteiro] 12/11/2016 10:25

Huge gap in the charts at £12.50 that needs to be filled!

[arja] 12/11/2016 09:33

interesting thoughts Topicel. As a REMAINER , wish I could get revenge on rags like the obnoxious Daily Mail for their outright lies and xenophobic propoganda which helped indoctrinate some people and contributed to BREXIT( smile ).

[topicel] 11/11/2016 17:26

Indeed. Let the market lead. It always goes where it pleases anyway!

I suggested earlier the Yanks might reverse direction after London closes and to wait as their open would show the way. Well, they have put one almighty boot in this afternoon and, generally speaking, it has to be seen as over done now.

Even Doomberg commentators are saying this is madness in view of the plain fact that the underlying numbers in all the economies haven't changed since Tuesday. The annoying thing is any reversal in attitude, whenever it comes, is harder and longer to claw back what has been done.

Be comforted that at the start of 2016 Fresnillo was £6, so on the year it has still risen nearly 250%, and is about even since Brexit. There is a train of thought that certain people are using the Trump conditions to gain revenge and their losses because of the EU referendum result and consequent chaos...

Can the Chinese begin buying gold? At these prices they must be tempted to up their holdings, especially as Trump is not likely to be kind to them and their currency.

Topicel

[arja] 11/11/2016 16:26

best not to catch a falling knife - gold has support at $1200 and best to wait until then to buy if it does drop another $25 . let the market lead you and do not ASSume in markets .

[bigboots] 11/11/2016 16:15

Chart says we are at the bottom - buy

[goldenshare888] 11/11/2016 15:09

Looks like TPTB going all in on this smash down.

What a ride!

[goldenshare888] 11/11/2016 15:07

£14 looking even more tempting than £15.

Looking to buy the dip, these wre nearly £19 a couple of days ago!

[arja] 11/11/2016 12:02

gold would normally fall as interest rates rise but there are other factors . Chartwise FRES has broken through 1500 support and could fall much further. BUT of course the chart is less relevant with a gold stock and the gold price is the key .

[topicel] 11/11/2016 11:22

Adding in times like these is a good rationale providing we are right though Golden!

There will be many severely underwater here without the ability to 'add', nor average down, whichever way you wish to look at it.

Overall I'm ok when these dramatic events and tree shakes happen but I can't afford to add unfortunately. And like I say, for short term play I'd await the direction in New York later. The bargains won't suddenly disappear quite so fast IMHO.

And what hedge? If Trump mania really goes through the roof and interest rate rises come thick and fast, or are deemed to be coming thick and fast, you need some financials exposure IMHO.

People have been talking about gold rising with interest rates, but can anyone site an example from the past? Strange times but maybe not that strange? If you recall at the end of last year gold and Fresnillo were sick, Fres at £6 a share, so people need to be aware that the hint of interest rates to come thick and fast in 2017 negate the need to be in PMs...

May you live in interesting times indeed!

Topicel

[goldenshare888] 11/11/2016 09:11

AND FILLING THEIR BOOTS PROBABLY1

Sharks feasting on the masses.............flushing/shaking them out of their longs/shares and taking them for themselves at artificially low prices!

Don't let them win, I hold firm and add in these circumstances, usually pays off well when the prices re-inflate!

I expect GOLD & SILVER to be $1500 & $26 in Jan and new highs in 2017.

I target:

HOC 500p - 700p in 2017

FRES 3000p

[topicel] 11/11/2016 09:11

Tempting for sure GS, but I'd wait for the Yanks to open because they may decide not to whipsaw back until after London has closed and they take the shorts off for the weekend.

Nothing like taking advantage of the situation and New York has certainly done that with the Trump result.

The first reaction to PM miners was the correct one as nothing has changed really fiscally just incredible optimism. The buyers will be out at these levels, including me if it shows signs of climbing back later.

The profit taking from the other sectors will go somewhere, and safe havens are far from irrational given the global outlook. Thing is the US still lead the shoal.

Topicel

[dlewis1] 11/11/2016 08:27

This is madness these last couple of days. Someone is dragging these prices down

[goldenshare888] 11/11/2016 08:24

£15 looking tempting.....

[arja] 10/11/2016 16:47

but gold stocks are really just for trading or specs are anyway .

[arja] 10/11/2016 16:47

dollar down against the pound and gold down too - not typical pattern. But aussie dollar pounnded today ./

[mrthomas] 10/11/2016 15:34

Brought in again can't believe I got in at below 16 this share goes up down like well

[goldenshare888] 10/11/2016 15:28

Obviously the world is a much safer debt free world than yesterday!

short term BS.

[mrthomas] 10/11/2016 15:09

Will buy again if gets below 16.25 as seems to be the point one can buy and then make 10 % but am surprised that it not staying above 18/19 but as you said think may be a matter of time till the penny drops

[topicel] 10/11/2016 14:47

Well, most here are buyers then! The annoying and slightly worrying (to me at least perhaps), is the fact we are unable to push back towards the summer highs in price in FRES, HOC, RRS and gold and silver more particularly.

Silver should be helped by the industrials/miner prospects but like gold it remains range bound. A solid breach here above £18 that held was the minimum we should have expected so any reason why not should be considered.

Equally though the £16 level seems to hold quite easily too. A trading range that many can use to good advantage but at some point it will snap up as more and more detail on Trump's plans and the real costs come out.

Topicel