Whilst there appears to be strength in the markets in general, talks of progress on a US/China trade deal is stifling safe haven PMs which were already due for a pull back. It's good to talk apparently, just maybe not if JD Vance is involved! Anything could happen but my target here for now is 930. |
lageraemia. That's not diversification. Giving it all to the wife is putting all your eggs in one basket. What did you buy for the girlfriend? |
FRES annual financials are based on the annual average gold price, daily, weekly and even monthly fluctuations are largely irrelevant, what is relevant is the average spot price over the year, as long as spot remains above average achieved that’s all that matters |
“the whipsawing of the gold price”
When did this happen? All I’ve seen is an uptrend since the beginning of 2024 |
A bit of profit taking in silver (XAGUSD)? |
Not doing much - maybe edging up. MXN65.0k and MXN658. |
 Fresnillo hits a sweet spot in whipsawing gold markets, says Berenberg
Fresnillo (FRES) shares have been caught up in the whipsawing of the gold price, presenting an entry point, says Berenberg.
Analyst Richard Hatch retained his ‘buy’ recommendation and increased the target price from £13.10 to £13.20 on the Citywire Elite Companies A-rated precious metals miner, which was trading up 2.1% on Thursday morning at £10.06.
‘The global equity markets are volatile, driven by ongoing geopolitical unpredictability and market sentiment changes on a regular basis, providing plenty of movement in share prices,’ said Hatch.
This week, gold prices and market sentiment whipsawed due to US President Donald Trump’s criticism of Federal Reserve chair Jerome Powell, which sent gold prices higher. However, clarification from Trump that he would not seek to dismiss Powell saw gold and gold miners take a hit.
‘While silver was more resilient, rising by 3.1% when gold fell by 2.8%, precious metals equities fell on 23 April and Fresnillo, which released a steady set of first-quarter production numbers, was pulled lower by market sentiment, closing [Wednesday] down 5.2%,’ said Hatch.
‘This weakness presents an attractive entry point in the shares, and while the gold price has dipped, it remains well above our $3,000-per-ounce forecast, offering attractive mark-to-market upside.’ |
Conversion rate for Finsl and Special Dividends confirmed at 19.65 and 31.47p per share |
Gold down a bit and silver up slightly. MXN64.9k and MXN657. |
yes I'm still in Fresnillo and will keep holding for the long term.
I love my haters. xxx According to them I always pick losers.
Wish you ten times what you wish to me lads. And remember karma always bites back. |
Gold flat and silver's turn to move up (about 2% since yesterday afternoon). MXN65.3k and MXN655. |
Looks like the angry Maltese chicken (FARRUGIA) has bagged another loss maker.
How does he do it......................LOL
Leading today's fallers was Fresnillo which fell 8% after reporting a 10% decline in attributable silver production and a 24% drop in gold output in the first quarter, compared with three months earlier. |
My wife has platinum rings, so I bought a couple of ounces of platinum coins last year to hedge against any future jewlery demands! Price hasn't moved so would have been better in gold in retrospect.
However, I've bought her some chunky antique rose-gold chains too over the last couple of year so a bit of diversification has proven a good strategy. |
best to buy a ring then, not a bar or coins of Plt! |
..…only to the tourist or inexperienced cowboy |
These days they might be |
Platinum? That gem of an asset class that’s 15x smaller than gold by market cap, illiquid, heavily industrial, and irrelevant to anything Fresnillo produces. It’s like telling someone watching an F1 race that train timetables are more interesting. |
CEO emphasizes operational stability, cost discipline, and ability to capitalize on higher metal prices.
Because historically FRES has repeatedly had operational instability, cost indiscipline and an inability to capitalise on higher metal prices.
i await the mandatory strikes, abductions, mine floods and miner deaths...
gold:silver recently hit 106. this either means silver flies or gold dies. seeing that gold very recently hit the inflation-adjusted 1980 usd high, gold due a significant pullback. lots of miners look very toppy and ripe for a correction. several have been ramped up strongly
sold most of my pm miners and my gold, nice profits. will be back in depending on trend developments. still holding Ag
systems are not in place for de-dollarisation yet, short term strengthening in usd will take down pms
anyone interested in bargains should note gold:platinum is now well above 3, buy your loved one a platinum gift |
it is humming along, its now all about the silver price... |
free stock charts from uk.advfn.com
free stock charts from uk.advfn.com |
Stating no changes to guidance but market doesn’t like what was already known .. lower production. Only takes a few sells and the herd follows . Hold guys … wouldn’t be surprised if this is back up by the end of the week . The profits are off the scale .. gold prices up hugely offsetting the planned drop in production. |
I think my mate Prat hunter got bucked-off the FRES bull way back at 660p suggesting it was about to fall back to the 500’s, then it went to 1050p 🤷🏼‍♂️ |
New support 900p
Sell in May and go away, so hopefully FRES will hang around the low 900’s for dividend reinvestment on 30 May |
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