https://www.ig.com/en/weekend-trading |
PMs should spike. Safe haven |
Hem,
Where do you get future prices from?
IG used to do it on their front page, but only shows Fridays close which is minus 45.
"I've sorted it, IG had changed to daily prices instead of weekend" |
Ftse futures -100. So prob 5% down tomorrow. |
Fres makes silver, can be sold anywhere so tariff no effect BUT tariffs may cause mexican peso to weaken so fres operating costs would drop against price of silver and if that happens fres should rise. |
The States imports US$2.54 Billion in 2021 of Mexican silver in one form or another. The States are in a supply deficit when it comes to silver. Mexico needs the cash to support its massive expansion plans under a relatively new President and the US desperately needs silver to rebuild American Industry. They'll work something out. The tariffs have been imposed because of illegal immigration, the issues arising from. The cost effective imports harming US manufacturers and labour. Canada & China for the same reasons plus the manufacturer illicit drugs in China undermining the social framework. |
What does the US tariff on mexico mean for fres |
Just had an order at 700 went through. I still have small chart gap at 676 but would be very surprised if this is revisited with the current strength in PMs and the run in to March figures. |
MXN58,157 is another new ATH for gold just now. (Up 7% in the last month and 65% in the last 12 months.)
MXN657 is another 3-month high for silver. (Up 9% in the last month and 64% in the last 12 months.) |
breakout and backtest
intraday pullbacks that get bought up are a hallmark of underlying strength
we know how this motors when it gets going..
time to say Sayōnara to the 600's
:) |
Gold new ATHs of $2820/ £2262/ Euro2704/ MXN57,947 ovenight.
Silver spiked to $32.10 before easing to $31.52. Dec 28 contract is up strongly to $36.79.
MXN656 was a 3-month high before easing to MXN649. |
$2800 dead looks like probably it for today, though MXN not given up yet. |
$2797 is a new ATH for gold.
Silver flying, too, at $31.94/ MXN649. |
I'm afraid not, small free float the majority of the stock in one man's hands. |
Any chance of a bid? |
MXN57,155. Just missed in USD.
And silver up to MXN646.
Looks like FRES going for the cup and handle - completely justified by fundamentals for the time being, of course, until something breaks or reverses. |
oooh, it's awake |
New gold ATHs in MXN. It keeps rising so will post new high when it pauses. |
FRES starting to outperform silver - and about time after many months of underperformance. The market is being slapped in the face with a kipper of good numbers by the company. It was pretty obvious that strong PMs and weak Peso were always going to be a good combination. The company will probably generate over $1bn of free cashflow in 2025 if things stay roughly the way they are. Enjoy the (cup and handle?) ride ...
free stock charts from uk.advfn.com |
For now.... |
And still below £7 |
Gold is above Thursday's closing ATH, at MXN 56,810. And not far off in $s either, at $2780.
Silver holding up at MXN636. |
Are gold and silver's jump after lunch due to Canada suddenly ceasing quanititative tightening in January and going back to quantitative easing in March? |
I've been so distracted by Q4 bumper figures that I missed strong silver today, trying for a 2-month high @ MXN637. Silver is up 60% over 12 months.
Meanwhile, gold squeaked a new closing ATH out yesterday and is also ahead of that today, at MXN56,940. Gold is up 64% over 12 months. So the bumper Q4 is currently on course to be beaten by a bumpier/bumperer/more bumpy/more bumper Q1.
$1bn free cashflow in 2025, anyone? |
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