Fresnillo Share Discussion Threads

[dt1010] 14/12/2016 19:33

this is making no difference at all. gold has drop seven dollars. silver is hardly changed.

it was priced in. the market knew it was coming so did gold bugs.

the whole sector is over sold and it will bounce.

the smart money has either already bought or is buying now.

0.25 basis points changes nothing, absolutely nothing.

""The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate," the Fed statement said".

BBC

[dt1010] 14/12/2016 19:18

Investors will now turn their attention to an imminent press conference to be given by Fed chairwoman Janet Yellen.

They will be looking for new forecasts and clues on policymakers' thinking about how President-elect Donald Trump's policies will impact growth and inflation.

BBC

[dt1010] 14/12/2016 19:15

can't see silver and gold dropping much more personally, they cannot raise rates quickly, they will crush the bond market and they know it.

[shakeypremis] 14/12/2016 19:14

This is going to be quite bad for all of us short term.

[dt1010] 14/12/2016 19:09

There you go - I was right, they have raised rates by 0.25 basis points.

[goldenshare888] 14/12/2016 15:38

YUM, I am adding more for sure here!

:))

[dt1010] 14/12/2016 15:36

I just love this bit:

"It's forecast to record a rise in earnings of almost 10 times in the next two years, which has the potential to positively catalyse investor sentiment".

[dt1010] 14/12/2016 15:33

nice:

"Value for money
In Fresnillo's case, it's moving more heavily towards gold production, although it remains the world's largest silver miner. It's forecast to record a rise in earnings of almost 10 times in the next two years, which has the potential to positively catalyse investor sentiment. This puts it on a price-to-earnings growth (PEG) ratio of less than 1, which indicates that it offers excellent value for money as well as a wide margin of safety".

[goldenshare888] 14/12/2016 14:50

I think calls for 1000p are wishful thinking here and that 1500p+ is now more likely than 1000p.

I am buying accordingly.

[stevea171] 14/12/2016 14:14

NOVEMBER: Chinese Gold Demand Up 40% Despite Import Curbs
by BullionStar - Dec 14, 2016 4:43 AM

The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE), a proxy for Chinese wholeslae demand, in November accounted for 215 tonnes, up 40% from October and the highest amount in ten months. Year to date SGE withdrawals have reached 1,774 tonnes.

Additionally, mainlanders buy gold in Hong Kong where jewelry is cheaper as it doesn't enjoy VAT. From Live Trading News we read:

“Gold sellers in Hong Kong, where mainland Chinese often buy gold, report an increase in purchases, ...” according to published reports. “Some of the buying is also because of the Lunar New Year period next month, a time when buying normally picks up.”

[linton5] 14/12/2016 13:47

I'm ready to top up here watching and waiting

[stevea171] 14/12/2016 13:06

PM miners are like coiled springs waiting for the flag to go down. Then blast off!

[topicel] 14/12/2016 12:05

Changed your mind then DT? Only ten days ago you were reckoning no hike.

Nothing has changed macro or otherwise, if anything the percentage certainty dropped from 99 to 95 or something irrelevant.

Anyway, as you do also say now, the detail is key. The accursed dot plot...and all her wittering on afterwards that for some reason everyone pores over.

If PMs don't bounce I suspect the cartel will still be dumping paper until Trump takes away the keys to the Fort Know vault. But just maybe they will see sense, close out now and let everyone be for a happier Xmas.

Topicel

[dt1010] 14/12/2016 08:58

Rate hike yes 25 basis points I reckon.

Its what they say about next year in terms of approach to hiking rates that counts.

They will be careful what they say (hike them in a measured way etc) so as not to deflate the bond market too fast).

[shakeypremis] 14/12/2016 08:41

How many times have we heard that though?

[ukgeorge] 14/12/2016 08:36

its near enough 100% on

[shakeypremis] 14/12/2016 08:32

Rate hike today? Yes or no? I really don't know. I'm going to stick my neck out and say no.

[stevea171] 14/12/2016 08:14

Double bottom here yesterday?

[goldenshare888] 14/12/2016 07:14

I think the mega bounce will come in early 2017 DT.

Positioned and waiting patiently.

Adding on pullbacks, such as FRES.

:)

[dt1010] 13/12/2016 20:25

I'd like to think 1000p won't come. All to play for tomorrow. They will need to crater silver for that to happen.

Here's to the mega bounce for the whole sector.

[blueball] 13/12/2016 09:23

1000p is the low wont be long now.

[deanroberthunt] 13/12/2016 09:21

1000p then fill ur boots.

[goldenshare888] 13/12/2016 08:11

Think you have answered your own question there shakey!

I hold way more HOC than FRES.

Good luck.

:)