Fresnillo Share Discussion Threads

[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 :)

[emeraldzebra] 08/3/2017 12:03

sounds like one of those stunted types, dressed in rags, bottle of vodka never out of the hand, and head shaped like a breezeblock.!

[dt1010] 08/3/2017 10:56

Hahaha emerald, quite! A real weirdo that one.

[dmitribollokov] 08/3/2017 10:49

another one for the filter bin...

[emeraldzebra] 08/3/2017 10:24

dmitri......and it probably follows from the above that YOU were probably the one doing the bullying at school ???? t4 - i know who i would side with here. Shorters like you give me the creeps - you are most likely a perv too. Fres looks cheap to me - buy.

[dt1010] 08/3/2017 10:17

I just put £60k into this.

Talk about a bargain.

Yes!

[dmitribollokov] 07/3/2017 21:25

Wow, nasty little maggot aren't you? Imagine you were bullied at school and are now venting as a keyboard warrior. Advfn used to be a decent forum, it is now seemingly populated with freaks, dreamers and trolls...

Keep clapping your fins and balancing the ball on your nose; goldenshare, topical or similar will throw you a fish...then you can get back to your red dwarf marathon.

[dt1010] 07/3/2017 21:17

Top, dim writes rubbish on loads of boards. He does it to antagonise others. I pity him as he clearly has mental issues.

Best filtered as I have done. Poor chap should get some help.

[dmitribollokov] 07/3/2017 19:36

People who dont want to listen to me, pls filter me, i honestly can't be bothered to respond to myopic, defensive, 'to infinity and beyond' nonsense any more. I repeat these are stocks, not your children...

For those who want to talk trading, any views or where we go from here? Think we are set up for test of 1330/1340 support and then 1220. Think we can get there in fairly short order. Metals are finally catching up with pm miners sell off. The chart looks ugly...

[dmitribollokov] 07/3/2017 14:43

I'm not, where on earth do you get that from? i'm calling the px action before it happens. I don't short stuff i sell where i see a top/key inflection point and buy back in depending on the price action. If you are buy and hold, happy for you, but that isn't my way...

[topicel] 07/3/2017 14:40

Well stop making out you are impacting things with your calls then mon ami.

The trading is fine if you have the time and inclination to risk your wealth by second guessing what is coming next, especially in this manipulated sector. Good luck with that idea.

But by its very nature gold, and to a lesser extent silver, is a store of value and so you are investing in an entirely different horizon and timeline than most other stocks. It is therefore sensible, given the manipulation and the historical nature of the commodity as a store of value, to buy and hold and accumulate physical and related investments for a longer period than a few days/weeks.

You know that. Hence, as we've all concluded, to say it is going down means you are short and gambling that this store of value is going down still.

Most invested here are not happy to see it fall but have the correct longer term time horizon the investment demands. Volatility is expected but which way is not clear from graphs and charts but from monetary and economic conditions when it comes to gold.

It will always perform well in difficult times. We are right at the eye of the storm of said times IMHO...

Topicel

[dmitribollokov] 07/3/2017 12:30

and why on earth do some of you people think that anything said on a bulletin board is going to affect the price of a company with a £10+bn company, stop with the conspiracy theories for god's sake.

[dmitribollokov] 07/3/2017 12:28

ifthecapfits - it's 'hear hear' as in 'hear him hear him'. Not 'over here mate'

[dmitribollokov] 07/3/2017 12:27

It's called 'trading' rather than 'investing' topicel. It could move sharply because it is at a key support level, that doesn't have a lot below it. It's holding well.......for now.

Investing based on fundamentals - the 'economics' you speak of. Trading is ultimately driven by technicals - the demand/supply.

I'm quite happy to engage you in any economic or econometric debate you like (We can go beyond OLS is BLUE...).

I think fundamentally PM stocks are great investments. From a trading perspective I think there is downside from here, hence being in cash. They are different time horizons. How many more times do people have to be taught the difference. These are stocks, not your kids, stop being so protective...

[topicel] 07/3/2017 10:52

Indeed guys. There is a place for shorting when a company and macro climate cries out that it is overvalued, but in no sense does that apply here.

Bought in to Fresnillo at £10 in 2015, saw it hit £6 and £20 since, so we are fairly priced at worst given the facts I laid out above as 'imminent'...

But perhaps dmitri has a link to the Comex and knows more manipulation is coming through? There is always some, but every time the PMs rebound and clearly the instinct of buying PMs is still too strong at these levels given the global realities that apply today and going forward.

Topicel

[the_equaliser] 07/3/2017 09:25

Topicel

I,m guessing a a short was opended hence his post

[ifthecapfits] 07/3/2017 08:53

Here, here Top. Loads of upcoming events supportive of PMs.

[topicel] 07/3/2017 08:50

And why would that be dmitri?

How much of the basics of economics are you lacking? The Fed are raising rates which causes manipulators and market makers to spook investors and algo's alike into forcing the price of PMs down. That has happened and the priced in rate rise is done.

We all know they are behind the curve. Inflation is way ahead of them so real rates are still negative and once March is settled they have no ammunition left to get ahead of negative rates. If they did, then bond vigilantes are set free, like the genie from a bottle, to play havoc with the yields and the US economy which in turn pushes up inflation.

The inevitable result is a crash which could be avoided by QE4, again great for PMs. As is the debt ceiling clock farce which Obama suspended, craftily, until this March, coincidentally the 15th when Yellen supposedly raises rates and Wilders may win in Holland for a Eurozone shudder.

That debt - approaching 20 trillion dollars - can't be serviced easily at even these low rates as it eats away at the available government spending with each 0.25 increase that is part of the Trump plan for MAGA - infrastructure spending (and he likes to borrow at low rates btw)...

So every way they turn the pressure is on PMs to rise in a free market as the safe haven. The last option is to devalue the dollar or, worse, default on the 20t debt and cause utter chaos. Who wouldn't hold gold and silver and associated miners then?

This is a re-run of the 2011 debt ceiling crisis and fiscal cliff nonsense which saw 1900 gold and 49 silver and with far more debt to service and little backstop except for printing like crazy. As inflation is looking break out?

Shiny stuff loves all of these scenarios. What counter-argument do you have mon ami?

Topicel

[dmitribollokov] 07/3/2017 07:03

Could be quite an aggressive move today. Test 1330/1340?

[the_equaliser] 06/3/2017 13:38

Gold Apr 17 +7.65 1,234.35
Silver May 17 +0.167 17.913

[dmitribollokov] 06/3/2017 12:33

Pretty key point on the chart here, 1330/1340 next line of defence and then nothing til 1220ish. If it doesn't hold it could be swift....