Fresnillo Share Discussion Threads

[ifthecapfits] 06/1/2017 12:27

one that doesn't lose you money ;0

[saturn5] 06/1/2017 11:32

whats a good gold share

[dt1010] 06/1/2017 07:35

It's a big day for data across the pond with US non-farm payrolls due. Payrolls are forecast to rise by 175,000 in December, with average hourly earnings tipped to be 0.3 per cent higher. Unemployment figures for December are also out, and are predicted to rise to 4.7 per cent - up from 4.6 per cent in November.

City A.M.

[dt1010] 05/1/2017 18:39

£30 golden, wow, I can't make any (hoped for) predictions here beyond £20 in 2017.

But even that looks like it might be reached within 3 months?

I make a prediction on silver too:

It will climb to $25 in 2017 pulled higher by gold, increased industrial demand and military spending. It may even reach for $30.

A lot of money going to made in silver and gold stocks this year.

[topicel] 05/1/2017 18:19

Why that long Golden?

It was taken down faster.

Do you not think the old ten percent days are around the corner?

That'll put the mockers on it. Lol.

But seriously, all the obvious Trump reasons apply of low dollar and high inflation and him backing gold for PMs to rally beyond old highs...

Topicel

[goldenshare888] 05/1/2017 17:20

£30 target for me in 7 months time - August 2017!!

:)))

[dt1010] 05/1/2017 16:19

Oh what a beautiful day :)))

[emeraldzebra] 05/1/2017 16:04

It just seems that there are so many v good reasons to be just a little optimistic here. Exchange rate considerations, relativity to Gold, Political pressures, demand/supply,short closures, - every one of them a big persuader --- the list goes on reasons are many for this to push a lot higher, with the usual blips of course.

[ifthecapfits] 05/1/2017 15:16

Today at this rate...

[dt1010] 05/1/2017 13:53

"Silver (NYSEARCA: SLV) seems to have established a bottom and the precious metal is doing all the things right for a rebound. Some technical changes are getting underway which could remove the bears and bring in gains in the coming weeks. I will discuss this and the risks involved in today's article".

MASSIVE leverage to the silver price available here :))

1500 very soon.

Then 2000.

[emeraldzebra] 05/1/2017 10:13

many thanks indeed Topicel and the rest ! - Indeed - happy days....time to load up again !

[dt1010] 05/1/2017 09:25

Yes indeed golden..and we must take into account the uncertainty ahead over euro elections and brexit in march.

markets have had a hell of a run but the fear will return. I love it that gold is unpopular with the consensus at the moment ;)

But I think 2017 will be a storming one for silver.

[goldenshare888] 05/1/2017 09:21

Good Morning DT,

I agree that SILVER looks more attractive at current prices than GOLD, although I do think both will prove shrewd investments for 2017.

Luckily HOC has both in pretty equal measures.

Happy days.... :)))

[topicel] 05/1/2017 09:21

I'd close your short if I were you extrader!

As pointed out earlier, for more than a decade the production globally has been less than demand simply because of price suppression making it difficult for most to extract silver at a profit.

The industrial usage is growing massively because of exactly the photovoltaic needs of solar panels and other exponentially increasing industrial needs so demand is only likely to ramp up more.

Keith Neumeyer the CEO of First Majestic, one of the world's only primary silver producers, has said whilst they can be profitable just at $16 most are losing money. He thinks as high as $100 is needed to get the balance between supply and demand right.

Hence why his company is one of the very wildest of leveraged plays I suppose. But safety in size and all that is with Fres, slower but more secure moves to the price of silver anyway.

We await developments but the intentions of India, China, Morrocco and others is to build solar farms so big that we won't be able to bring enough silver to bear fast enough as the Silk Road 2 plans unfold...

There is a reason JPM has 500-plus tonnes of the stuff in their coffers methinks!

Topicel

[csmwssk12hu] 05/1/2017 09:15

I said watch IDP move to peeps when it was 71p and it's never looked back, I been saying keep an eye on PEL since 2.5 and it's never looked back, it's been consolidating in 4.1-4.5 range after nearly hitting 5 and it's just moved higher today for first time in about two weeks, 12p is where I said from start for it, profitable trading ahead of expectations on last two trading statements and another one due, all imho dyor

[dt1010] 05/1/2017 09:10

Don't worry about the price of silvewr. There are 2 scenarios:

Trump's reflation will send it to the moon on industrial demand

and if his reflation doesn't work then QE will punish the dollar and send silver skybound anyway.

Silver will I believe disconnect from gold very soon.

Silver is THE trade of 2017 I believe.

[topicel] 05/1/2017 09:06

I tend to agree with GS too at the upper end, but there are so many variables that it is best to keep a mean calculation for me.

All I know is the battle is on to control the markets between know and when Trump gets inaugurated and so far the banksters are accepting they have to end the severe manipulation and are changing horses accordingly away from shorting PMs.

As mainly democratic backers - probably easier to play - they have been overly in charge since the 2008 crisis, so any reversal and possible intent to handicap what Trump aims to do against their advantage will be quite wild and hairy I reckon.

Not for widows and orphans, as they say...

Topicel

[extrader] 05/1/2017 09:05

Hi all,

The problem with this speculation about silver price is that a good part of silver demand is for industrial, not speculative purposes : think photovoltaic, sterilisation etc.

Demand (and hence price) would be constrained as it became 'uneconomic', so you shouldn't expect the gyrations/volatility/mania that a purely speculative 'investment' like gold (or art or precious stones)offers.

AIMO at any rate
ATB

[dt1010] 05/1/2017 09:04

morning golden, what a wonderful day, bright sunshine and frost, and all the better to see silver and gold and "my" miners shining. Who says rising shares don't make you happy?

Here's to 2000 here this year at least ;))

[discodave4] 05/1/2017 09:02

£60+ (based on today's prices)

[deanroberthunt] 05/1/2017 08:59

well FRES went from 800p to 2000p with Silver from $14 to $20.....so £5 would be very conservative with Silver at $75

[topicel] 05/1/2017 08:58

Emeraldzebra - there is no hard and fast leverage rule, either to the upside or the downside. Hence the massive volatility in PM miners and the phrase 'whipsaw' being used.

But, it can often be as much as ten-fold the movement in the spot prices of gold and/or silver, hence the interest in the ratio too!

If we consider the relationship now is approaching equitable again as Trump euphoria recedes and people begin to realise the same issues exist for him as any US President (no money and huge debt etc.) then we can quite simply see $16.50 silver as valuing Fresnillo at £13. In that case the likelihood if the relationship stays the same of £26-27 a share is not unrealistic for $34 silver.

However it would overshoot given all that momentum and giddiness/excitement just as we have witnessed in the DOW and the dollar since Nov. 8, and hence why I am targeting £30 based on the absolute need the Trump administration has to weaken the dollar and potentially this will be done with gold as some kind of reserve adding more fuel to the PM fires.

Others go on about interest rate rises but never once do these people address the problem that brings home to the US economy of they themselves having to pay interest on the 20 trillion they owe, and growing fast!

It can't be done without a reset of the US currency and all the signals are isolationist and sod the world and what it will cost them, and especially not China, so expect plenty of surprises that always help PMs.

All IMHO.

Topicel

[emeraldzebra] 05/1/2017 08:51

v nice. thanks.

[goldenshare888] 05/1/2017 08:47

My guess: 5000p

:))