Fresnillo Share Discussion Threads

[topicel] 25/1/2017 08:49

You sell on the news tart GS!

Topicel

[ifthecapfits] 25/1/2017 08:27

Look pretty good to me.

[goldenshare888] 25/1/2017 08:24

Sold some FRES to hold more HOC for potential greater gains!

:))

[dmitribollokov] 25/1/2017 07:30

Nice results

[discodave4] 24/1/2017 23:17

Q4 Production tomorrow.......good luck everyone.DD

[maxdba85] 23/1/2017 22:30

Beware of the IMF.
THey have a forecasting record worse than Ocky the Octopus and the moral compass of Blackbeard the Pirate.
Just my opinion

[breaktwister] 23/1/2017 22:23

China joined the IMF in Oct 2016

[breaktwister] 23/1/2017 22:21

Topicel, re: the IMF, some commentators believe the writing is already on the wall for the US dollar as the IMF is poised to replace it with the SDR as the global reserve currency. Up until recently the USA controlled the IMF but the addition of China to the group in Oct 2017 reduced the US voting share. I am frightened of the SDR, a currency issued only a global central bankers and one step closer to a global currency.

[breaktwister] 23/1/2017 22:15

Sorry for the late reply. In respect of the US gold reserves, I am a little hazy on the details but there is an official document produced by a Reagan investigation in the 80s that concluded that the US Treasury had no gold reserves (they had handed it all over to the Fed which as most enlightened readers will know is a private banking cartel). The Fed holds this gold on its balance sheet. I will look for the link and post it. I also recommend Jim Rickards books that go into detail on this topic.

[topicel] 23/1/2017 20:43

Good post extrader. Silver is ready to revalue against gold and the weakening petro-dollar will only be exacerbated by protectionism.

Topicel

[extrader] 23/1/2017 16:32

Hi all,

Here's (an extract of) Ashmore Group's take on the 'Trump effect' :

...Revealing a shocking degree of economic illiteracy, US President Donald Trump claimed in his inaugural speech that “protection will lead to great strength and prosperity”. His bleak, defensive and atypically American vision of pessimism and defeatism was a de facto abdication of America’s erstwhile role as undisputed global leader on economic issues. By contrast, Chinese President Xi Jinping’s message at Davos spelled out a positive and ambitious agenda of openness and support for globalisation with the words “protection is like locking yourself in a dark room” . The King is dead! Long live the King!
The irony of the contrasting positions adopted by Xi and Trump was not lost on the press: here was the leader of Communist China standing up for free markets, while the ‘leader of the free world’ proposes to turn his country’s businesses into the equivalent of protected French farmers. In reality, however, China has been
liberalising its economy for decades

Relevance to FRES and other silver/PM producers ? China (along with Russia) seems keen to replace the petrodollar-based world economy with one based on 'harder' currencies.....including those with implicit or explicit PM backing....

ATB

[return_of_the_apeman] 23/1/2017 16:25

*although in my opinion his strategy might not be watertight, a few odd shaped ones in Lycra might still just make it through

[return_of_the_apeman] 23/1/2017 16:22

Word is that "global business sensation" Anton du Beke is backing Trump's campaign to rid the USA of Mexicans*

[emeraldzebra] 23/1/2017 16:08

US Gold reserves still held at fort Knox i think. Not sure if you can pop in for a look though lol

[goldenshare888] 23/1/2017 09:45

Who knows, that info is probably classified above top secret and a national security issue!

Possibly only JPM, Goldsax, Citi, Fed Res, Rothschilds, Deusche banks etc know for sure?!!

LOL

Oh, and almost forgot - Chinese, Russian, Middle Eastern secret services etc!

[emeraldzebra] 23/1/2017 09:33

breaktwist - are you sure the US holds no gold. ? i read on line they have over 8,000 tons...unless that is hold in proxy of course ! lol.

[topicel] 20/1/2017 20:24

How do we know there is no gold? Urban myth?

I don't see what the IMF has to do with internal US policy regarding their own currency, the global reserve currency, which is basically "we do as we wish"...

The point, for I couldn't care particularly how the Yanks manage really, is that all roads lead to a weaker or disintegrating petro-dollar and means gold and silver will rise as a result.

This is the Fresnillo thread and the analysis about the dollar is relevant only as far as that goes as far as I'm concerned!

Topicel

[breaktwister] 20/1/2017 13:48

I concur Topicel but the US faces two major hurdles in respect of dollar weakening and any idea of a return to sound money: 1. The US treasury has no gold as Reagan discovered when they last considered sound money in the 80s. 2. US no longer has control of the IMF and the SDR plan. I hope Trump can change the mess that has been created since USA screwed the whole world in 71 by freefloating all fait currencies.

[topicel] 20/1/2017 08:59

If my analysis based on the main MAGA policy is correct, Trump needs a weaker dollar, has now roiled the markets last weekend by saying so and has numerous sound money and gold standard aficionados on his team.

His principal financial backers are sound money and gold bugs, such as Mercer, and he has a history of defaulting on things or even declaring aspects of his businesses bankrupt to avoid tax...so what on earth would make anyone calculate he won't be good for PMs and bad for the dollar.

Hell, even inflation is rearing its ugly head, and he won't want interest rate rises to counter it too fast as that will prevent him raising cheap money for his infrastructure dreams. These, btw, can only be successful if the dollar is weak so US industry can export again to MAGA!

The whole is a virtuous circle. It just hasn't been worked out yet as it's not been openly stated. You can have a trade war with China not by calling them currency manipulators but by simply knocking your own currency down. Devalue if you must.

I remember good old Harold Wilson doing it for the UK in 1967. A necessary evil as we were still struggling with our own debts of WWII much as Trump will be encumbered by the 20 trillion US debt mountain and the interest payments on that means rates can't go up very much.

If I've missed anything I'd be happy to be told. But this has been clear to me since the reversal on the night of the election, and that reversal was orchestrated IMHO. The correct reaction was what we saw in the hours after the vote was decided...and with a bit of luck we'll be back there as soon as Mr. T opens his mouth this weekend!

Topicel

[dt1010] 19/1/2017 15:26

Yeah I guess... Will be interesting to see how far we drop though

Maybe target 1300 ?

Power dry

[topicel] 19/1/2017 14:50

I know you bought then; it did indeed seem like you are expecting lower, more than wishful thinking...

Topicel

[dt1010] 19/1/2017 13:04

Top dude I bought at 11.58, my posts are there at the time.....

I guess I should rephrase....

I'd like more, cheaply ;)

All depends on the silver price!!

[dt1010] 17/1/2017 15:49

Agree but not in a straight line

I want to average down tbh

[saturn5] 17/1/2017 15:30

Dollar is likely to fall
Silver will rise and Fres will see £20 this year