Fresnillo Share Discussion Threads

[daybreakers] 04/1/2017 16:12

At this rate, 1300 might become new support, but still too early to tell

[emeraldzebra] 04/1/2017 15:14

yes, the reasons for the fall away to £11 area seem shallow, too abrupt/steep, and sentiment driven. Am loading up and looking for a return to the £15/16 area by end Feb.

[topicel] 04/1/2017 11:50

If QE4 comes down the pike, to manage the infrastructure and tax cut plans, then look again at how Fresnillo share price reacted in 2009.

£2.50 to £9 in the calendar year. And that was without inflation and all the rest of the madness like double the US debt to 20 trillion etc., etc.

The correction from November 8 was simply to allow the likes of JPM and GS and so on to pass on the losing paper shorts just like the Chinese and Saudis are passing on to the US their no longer wanted losing Treasury notes.

Dollar devaluation has to be Trump's only economic answer, and given he will be turning inward too, who cares about Joe Foreigner...

Topicel

[goldenshare888] 04/1/2017 11:49

£30 in 2017 will be very nice Top. :))

[goldenshare888] 04/1/2017 10:21

WALL OF MONEY - COMING INTO PM SECTOR IN 2017.

I expect old highs to be taken out!

:)))

[daybreakers] 04/1/2017 09:37

It's coming near my 1300 exit but weekly chart is still oversold territory, daily is overbought. Weekly shall take precedence since strategy has changed to long hold

[dt1010] 04/1/2017 06:11

Advertorial from the Market oracle:

One precious metal will rocket in 2017...
And it WON'T be gold.
Now, while we recommend every investor own some gold as a hedge against uncertain times...
And so they are one of the prepared for any black swan event...
The fact remains... only 10% of the gold in the world goes to industrial use.
But there's an indispensable metal... just as precious... that essential to the high-tech industry.
The metal? Silver.
Savvy investors are seeing this correction as a time to pick up undervalued silver investments...
And we're here to guide you.

[hectorp] 03/1/2017 19:51

who knows. But the USD / JAp yen is a bit of a carry, wait a couple more days.

[dt1010] 03/1/2017 17:11

Oh yes indeed ;)))

[topicel] 03/1/2017 16:55

Indeed it does GS. But we really need solid momentum of a few days to convince those others than us old stalwarts that the recent reversal was all manipulation and nothing to do with the company or macro issues.

Quite frankly the hot money is looking like it played a blinder and is now turning back to long PMs...

Topicel

[goldenshare888] 03/1/2017 16:31

Finished UP 45p for the day!!

Bodes well....... :-))

[dt1010] 02/1/2017 21:17

fres and hoc and paf set to rise big time

[eriktherock] 01/1/2017 18:21

I know that stating the obvious is obvious once it becomes obvious, obviously, but we have a bottom (given the island ta) @ 1185ish so no reason not to enjoy the upside. Happy and prosperous New Year guys.

[deanroberthunt] 01/1/2017 15:34

1.5bn net silver deficit since 2004, and rising, production from mines has been flat now for 5-6 yrs....

[deanroberthunt] 01/1/2017 15:33

The time for Silver is nigh.

trading at a 72:1 ratio to Gold........norm is 30-40:1, add in the net deficit and declining production since 2004....and well, need I say more:



Started a few weeks ago buying Silver ETF + Silver Stocks like First Majestic Silver, Coeur Mining (Canada)....FRES soon

[goldenshare888] 31/12/2016 11:22

HAPPY NEW YEAR everyone.

[eriktherock] 30/12/2016 11:40

Ahh, I see it now. Island @ 1185 or Gap fill @ 1175

[eriktherock] 30/12/2016 11:35

Hmmm? sub 1200, very surprised given pos & pog, profit taking maybe, time to add or dump, Hmmm?

[daybreakers] 29/12/2016 12:25

Good luck with MARL, KEFI, GPM, KRS, RMM, you'll need it. Don't worry hoc n fres profits will cover the losses on these junk story stocks. krs, will probably go bust. kefi with no funding ahem cough .01.

[k mon] 29/12/2016 11:48

pixi - RE currencies losing 97% of their value.

- I highlighted the same phenomena some time ago on the silver thread
and was, - quite correctly - put straight about that.
[by alexx - if memory serves.]

- The actual 'loss' made by currencies has actually been - MUCH GREATER !!

It takes some time to realise just how and possibly why the situation arose, because it is so - almost counter intuitive at first - but then - when you do get your head around it - you realise just what has been happening and

When you consider that the 'liabilities' now held by both governments and companies - via 'pension funds' and other, now overwhelming 'duties of care' - actually the 'value' of currencies would now put them in negative territory.

- Hence - to hold a 'currency' is to hold a piece of paper with 'negative' returns. - ie. - the 'liabilities' (that of paying for the 'government' and administration systems that support the currency required for the currency to simply 'exist' - are simply 'overwhelming' the currencies 'value'

[in other words - the majority of 'commerce' or 'business' - cannot return profit enough to support the administrative systems required to undertake that 'business']

- Thus - we have 'negative interest rates'

That situation shows in a practical way, when you consider the situation that occurs when the 'value' of decisions made by 'committees' and 'management' cannot justify or even come close to equalling the costs and liabilities imposed on the actual undertaking of the proposed works.

- It's the old 16 men standing around a hole - watching one man digging it scenario. - All 17 men require 'payment' - salaries etc.

That - is the reality of the situation. One in which the current FIAT currency system is struggling even to comprehend, let alone solve.

You can see how the situation has evolved over time, as each of the 16 is unwilling to examine their own 'usefulness' to the overall operation and indeed - in order to continue in their post (undoubtedly for pension and other 'rewards') then go on to argue with the other 15 on which is the most 'efficient' way to dig the hole.

Thus - the man digging the hole - receives countermanding instruction - and ceases to either work 'efficiently' and eventually cannot continue.

Just think of the wider implications of both the EU and the 'Brexit' negotiation team, to get the idea. - - It is reported that an additional 30,000 'civil servants (along with perks and pensions etc.) will be required - just to sort out a political mess - that politicians themselves - 'created'.

No money system can support that kind of profligacy - and yet - you see the same processes repeated, not just in politics - but in the larger corporate and business world itself.

Although - there will always be those who tell you otherwise.

[goldenshare888] 29/12/2016 10:24

Hi pixi, I would not be surprised but very :)))

What a stonking year that would be for us!

HOC 400p - 700p is on the cards for 2017.
:))

[pixi] 29/12/2016 10:18

Golden shares, I hear gold and silver will be up around 40% by the end of 2017.

[pixi] 29/12/2016 10:13

The problem is that people are losing faith in worthless paper backed by nothing. Since the FED was invented currencies have lost around 97% of their value. They only have around 3% left to devalue. All this paper currency and derivatives have allowed the central bankers to run riot and screw everything up for ordinary people who are being set up again to pay the piper, like they did in 2008. The markets are at record levels so everyone thinks everything is rosy. But when growth stops and businesses start racking up losses, the dole queues are going to get bigger and bigger and people will lose their homes and families just like they did in 2008. Meanwhile the mad bankers will get bailed out again by the politicians who need them to pay off the debts they have run up buying votes.