Fresnillo Share Discussion Threads

[dt1010] 07/2/2017 14:28

Good bit of fear and loathing (China and trump) never was bad for PMs ....

[emeraldzebra] 07/2/2017 13:45

-----things might be hotting up in the south China sea ! Good for precious metals if we don't all get blown away to kingdom come first....

[goldenshare888] 06/2/2017 17:38

Could be very soon DT!

:))

[dt1010] 06/2/2017 16:06

Either way we'll see $21 for silver this year.

£18 on the cards when this breaks £15.

[emeraldzebra] 06/2/2017 10:00

-- i think we might reasonably expect to see a further nice push upward, when he starts signing executive orders to ''bomb ISIS back to the stone age'' - as per his campaign promise !

[topicel] 06/2/2017 09:55

Got it in one emeraldzebra!

I love it when he opens his gob or tweets, apart from the entertainment value it usually results in PMs gaining and dollar weakening.

Which, by and large, is exactly what he intends...

Topicel

[emeraldzebra] 06/2/2017 09:21

and the non-technical too ! In other words - the 'wilder' Trump's behaviour, the stronger the flight to precious metals, i would guess......?

[saturn5] 03/2/2017 17:00

I am telling you that

Many technical indicators are saying

BUY BUY BUY

[saturn5] 28/1/2017 11:49

will make at least £1 profit very soon

[topicel] 28/1/2017 10:26

He'll devalue, or try to, if he must.

Topicel

[bookbroker] 27/1/2017 17:31

Cheap as chips this, purely on the fact that this global fraud is in the last throws, either we are way behind the curve or the economies of the world are just ticking baling nicely, but then I tend to think that the monstrous build-up in debt over the last few years is completely unsustainable, and the time is here, Trump does not need to re-inflate the US economy, it's already upon us, and he most certainly cannot afford to embark on his policy of tax cuts and higher spending, US State already up to its knackers in debt!

[dt1010] 27/1/2017 11:56

On a fundamental level given earnings per share and historic cheapness of the metals a lot of the sector is priced like this. Nothing unusual.

[topicel] 27/1/2017 09:46

But allowing for the proper adjustment to the silver and gold prices?

There are plenty of well-informed players who are very aware of the likely moves to some form of gold-backed Treasury Note and once we have a more genuine valuation for gold and silver then the P/E will look extremely healthy!

IMHO

Topicel

[marvelman] 27/1/2017 08:33

Appreciate your response DT...it does seem rather expensive even allowing for the expected increase in production.

[dt1010] 27/1/2017 08:31

66 according the Hargreaves Landsdown

[marvelman] 27/1/2017 08:21

Can anyone tell me what the P/E is on this company?...ADVFN is quting circa 170...many thanks in advance

[dt1010] 26/1/2017 09:46

I think the gold/silver trade this year will last 6 months personally though might be wrong, usually am.

[dt1010] 26/1/2017 08:38

Top you may be right.

I see this as a short term pull back.

Early-mid next week it will reverse again back up.

Could see 1300 before then though IMO.

[topicel] 25/1/2017 20:30

Exactly right bookbroker.

Weak dollar means strong PMs. This is just the usual, but far weaker, options expiry games. We'll not see $15-anything again IMHO.

Equally, trading out yesterday was smart and buying back sometime tomorrow equally wise as being long it makes little difference because it is often hindsight speaking.

Topicel

[discodave4] 25/1/2017 19:28

Long sb stopped out this afternoon, in profit though so will wait to get back in.This one still owes me!DD

[bookbroker] 25/1/2017 19:10

I don't see silver pulling back while it is clear Trump desires a weaker dollar, and I do not see why you feel silver needs to pull back to $15.50, off course a rising US interest rate policy will pressure PM's, however threats of trade wars under Trumps nationalistic agenda will help PM's!

[dt1010] 25/1/2017 18:15

State the obvious:

This will stop falling when silver does.

And start rising when silver does.

Silver needs to pull back to circa $15.50.

Before the next wave up.

That will be the time to go long here.

For investors who hold on it is irrelevant.

For traders, important.

[enami] 25/1/2017 15:52

Sold out at 1450, profit protection stop tripped.
It has been a goo run-up and will keep an eye on it.