Fresnillo Share Discussion Threads

[topicel] 13/3/2017 12:06

Of course, lol. But a ramp supported by impressive financial results future production plans and plenty of macro tailwinds for your primary business model - Precious metals - would be perfectly allowable, n'est pas? ;)

Twenty pounds a share last August was sold into by the Comex short fraudsters and they are no longer able to rely on Obama's keys to the gold and/or silver to continue that fallacy with such compunction.

In fact, it could be that the last hit was largely silver by the banksters because of what is rumoured to be owned by JPM, some 500m ounces that they could hedge against. But they won't like using their own money really and could be expected to let it run long now like they did in 2011 when we last enjoyed weekly debt ceiling news...

Fiscal cliff anyone? Lol. Fifty bucks silver then...

Topicel

[the_equaliser] 13/3/2017 11:35

agreed, took advantage of FOMC / hike meeting,
As Decemmber

i,m gonn chart and say we have broken out
Now heading to £20 a share

Am i ramping
:o)

[topicel] 13/3/2017 10:14

No logic, just games by powerful algo-driven systems that react to artificial manipulation of the paper price on the Comex and LBMA.

Annoying and, if you can read the signs or in the know possibly worth trading out and in to gain some extra shares, but longer term holding is best as one day the smart trade won't be so smart as the share price won't come back as expected.

Shorts closing after the hit in PM prices and Fed speak on rates. Move along now.

Topicel

[the_equaliser] 13/3/2017 10:13

Its a funny old world, rotheram/voting/turkish issue
lols
trump / wiretap / fomc
France / brexit / greece

world is a mess,
What goes up in this scenario
;o)

2-3 hikes is the consensus, that could all change based on e,ployment figures

Where is our regular poster who give brief on what the charts saying
:O)

[tsmith2] 13/3/2017 09:54

Good to see these bounce, don't quite see the logic in the falls

[topicel] 13/3/2017 08:56

It doesn't appear you were wrong. As I have been suggesting, the organised take down ten days ago of silver in a paper attack was timed with all the FOMC speakers and the frenzy about the rate hike to undermine PMs.

The simple truth is the rates can't go much higher, even at a slow trot, because the US debt can't then be serviced and would ruin Trump's hopes to spend on infrastructure to MAGA. They had this one big window of opportunity to hike in March on the very day the debt ceiling limit is brought back into focus - the 15th.

Coincidental, or not, lol, with Dutch elections (the weekend upset in Rotterdam could have been better timed!) and Mrs May wanting to go for early Article 50 signing...

A good day to bury bad news phrase comes to mind. We will watch and see but PM shorts would have run up on this pullback and sensibly should now be closing. Except for those who get caught out.

More generally, each hike, for the same debt servicing reasons, is met with another surge in PMs as you say. The 10-year Treasuries are hitting 2.6% yield and some like Bill Gross feel that is already over cooked, while others mention 3%. Bond vigilantes making a comeback? Inflation, which is why the rates are being hiked slowly and behind the curve anyway, is making a return?

All good for PMs regardless of manipulation in the short term. All we need is for Eurozone crisis and/or Trump to really play hardball when he gets to spend once the debt ceiling returns and gets his weakened dollar he wants.

On vera.

Topicel

[the_equaliser] 13/3/2017 07:44

Top

The futures were recovering
I maybe wrong i think gold/silver ha maybe turned a corner as we getting closer to rate hike ......

[topicel] 10/3/2017 17:06

Sorry EQ but that post has me baffled! Maybe it is the layout?

Are you saying prices for April and May delivery fell on the forecast results of NFP etc?

Sorry for being thick, I was in Meldex after all. Lol.

Topicel

[the_equaliser] 10/3/2017 14:17

13:30 USD Nonfarm Payrolls (Feb) 235K 200K 238K
13:30 USD Unemployment Rate (Feb) 4.7% 4.7% 4.8%
Silver May 17 17.043 17.298 17.100 16.858 +0.007 +0.04% 14:15:20
Gold Apr 17 1,202.65 1,209.40 1,206.15 1,194.50 -0.55 -0.05%

some kinda of coraltion

[dmitribollokov] 10/3/2017 13:45

Big number but gold seems to like it atm

[dmitribollokov] 10/3/2017 07:40

Meanwhile gold is below 1200, let's see if 1180 holds. Payrolls key today obviously, doubt we test it before they come...

[dmitribollokov] 09/3/2017 21:36

"To infinity and beyond!"

I have the majority of the echo chamber muppets (dt/topical et al.) on filter. I imagine that's what they are posting. Repeat after me, "long term good investment, short term not". Say again, these are stocks not your children.

Maybe if you post some kind of enormously grandiose, high-level, specious waffle or an article written by some punter on gold eagle or the like, the share price will rise. Or in reality you will just prove you are not very good at this. You self-satisfied charlatans, bore off and peddle your snake-oil elsewhere...

[the_equaliser] 09/3/2017 19:56

I think you will see a rise soon. Just after rate rise. Just like December 😉

[dt1010] 09/3/2017 19:18

You won't get a reset until at least 2020 top

Inflation and rising rates will drive Pms in the mean time

This is a blip

[topicel] 09/3/2017 17:26

The whole momentum was triggered by a paper dump ten or so days ago so we know everything afterwards has been set in motion for a reason.

The hike is one such, as are Dutch elections and undoubtedly the real issue of debt ceiling lock down in a few days time.

Perhaps the game will then be reversed - I suspect so, just as it was within a few days of the last hike. It wasn't worth selling then if you are not a trader, nor is it now. Feeling smug about timing something right for once is fine if you are a smug type I suppose.

The rest of us add on the dips with the certainty that the whole game of cards will come back to PMs sooner than later. The only way to rid the world of debt is a reset and default on it all...where would silver and gold prices be if that happened?

Topicel

[onedayrodders] 09/3/2017 16:36

without doubt $16 handle on silver and $1100 will be seen if only temporarily in this raid. They wont waste this rate hike period to bash them through these key levels

[dmitribollokov] 09/3/2017 16:34

Silver and gold respectively had their first look at 17 and 1200 and bounced off simultaneously; both key psychological levels. Let's see if they have another crack.

[the_equaliser] 09/3/2017 08:52

4 hikes ???

<3 is the noise
Anything could can change

[bookbroker] 09/3/2017 08:28

Watching this, there is a gap at about 11.80 to fill.

[bookbroker] 09/3/2017 08:28

Not sure why this is cheap or not, US economy going gangbusters, unless a calamity round the corner then four rate rises this year, see this being negative for silver but then the consumer might crack before that, don't read KWN., they are perpetually wrong in their assessment, and as for Marc Fabre, well he has lost the plot completely. Eventually he will be right, but so might we all be if you make the same forecast forever! Banter above in the meantime to pass the time of day!

[dmitribollokov] 09/3/2017 08:05

Any more flawed and pompous insight for me today mr macro?

[dmitribollokov] 08/3/2017 13:19

Economics boy - think that ADP figure is going to back your to the moon base case ? Gold doesn't seem to think so. Clearly I made them print 298k to engage in my evil shorting game. Numpty.

Gold testing the 100 day MA. Another key point

[the_equaliser] 08/3/2017 12:30

Someone describing me :)