Fresnillo Share Discussion Threads

[breaktwister] 03/8/2018 16:01

Sadly, fully redpilled. Makes it painful to understand this BS and have to live with the tomfoolery.

[spacedust] 03/8/2018 08:34

Just look at the red pill and once the price gits 800p take the blue pill.

[breaktwister] 02/8/2018 14:49

These are huge percentage losses on days when the metals are flat. I wish I could take the blue pill.

[imastu pidgitaswell] 02/8/2018 13:37

And that's the right approach. Requires patience though, not always in strong supply.

[spacedust] 02/8/2018 11:48

That's when all the big boys are working together. Once JP shorts this to oblivion they will get one of their other croonies like goldman sucks to announce a positive note on silver and get another croonies to issue a buy note on fres then up goes the price from 800p to 1200p.

I can't beat them gangsters so i just join them and make my odd 25% whilst they bag billions in profits all coz they have powerful partners in th8s game

[spacedust] 02/8/2018 10:45

Some miners have gone up 5 to 6 bags so a 10% drop is nothing. Fres will hit 800p then back to 1200p. Rate rise on the cards so that could force it

[imastu pidgitaswell] 02/8/2018 10:40

Was talking (I think on this thread) about the market feeling a little ominous at the start of July - just jittery and some shares like VOD and this, at or close to lows for a few years, while the index was relatively high. A few miners (RIO et al) and the housebuilders some 10% off their highs.

We're still there, although the index has come off in the last couple of days, and those same suspects are lower, the housebuilders are weaker still, and...

It is either low volume Summer malaise, or some'ut's up...

[breaktwister] 02/8/2018 09:31

Good point Peny. I often wonder why the CEOs of these mining companies simply bend over and take it in the ass. They have a duty to their shareholders to sell at the best price so why are none of the them vocal about bankers manipulation of the price. Why do they not refuse to sell to Comex linked bullion banks and end their game? They need an OPEC style cartel to take the bankers on.

[penycae] 02/8/2018 08:50

Silver (and gold) opened higher today. Same thing happened yesterday, but the paper was sold down during the session.
If you buy into the theory that JPM have cornered the metal market, while depressing paper with relentless shorting, you have to ask yourself what they intend to do with all the metal.
They have to sell it one day to make a profit. Will they flood the market with cheap metal and carry on shorting the paper, or will they stop shorting, get long on paper and release the metal slowly against enhanced value?
Against all this, you have to realise that they don't mine the stuff. If the producers go under, the metal becomes scarce. They'll lose out on their short positions, and have to rely on the physical. That will become scarcer as stockpiles diminish. This will encourage new production, and the cycle repeats itself, unless like Bear Stearns, they get seriously burned by getting the balance wrong.
What you have to look at, is who is buying the producers at these artificial prices.
Goldies recent valuation might provide a clue. A special situation is developing here. Technicals and fundamentals have gone right out the window, as shown by yesterday's price action. Against all this, the FTSE's lost 140 points in two days, and this is a 100 company.
Your call, your money.

Trade well and prosper.......

[imastu pidgitaswell] 02/8/2018 08:21

Mmmm, so it seems.

Certainly one more test of 1000, or it was just a brief pause on the way down further. Que sera sera, thanks to JPM (or whoever).

[eriktherock] 01/8/2018 22:04

Fresnillo are my favourite primary silver miner and I'll be well invested at some point in the future. But there's no point in being not smart given both the technical's and fundamentals.

[eriktherock] 01/8/2018 22:01

Hope is good. But not when it come to making a profit. This is pointing to 965p and then much lower unless something shifts with JPM's silver trading strategy.

[ladywormer] 01/8/2018 16:50

Hope it was Sesame Street - couldn't trust those rogues on Wall Street.

[penycae] 01/8/2018 15:04

ladywormer - welcome to this parallel existence. This thread is attracting all sorts lately.
You'll be OK here. Word on the street is that the price of gold and silver will soon recover dramatically, and that FRES will put on more than a few quid when that happens. Only thing is, I can't remember whether it was Sesame Street or Wall Street where I heard this.
I'm living with the new margin rates, and have got quite a few of these on cfd's as well as paper. Didn't attempt to prove professional status, as their requirements were obtrusive.

Trade well and prosper....

[ladywormer] 01/8/2018 12:45

Sorry Peny. I purchased a few and that is guaranteed to cause a price collapse

[penycae] 01/8/2018 09:37

They'll play about with RIO, then it'll be good to £42.40
Not quite a buy yet - at least on the longer term charts.
This one is about to turn though.

[imastu pidgitaswell] 01/8/2018 09:25

Hopefully not a Glasgow kiss...

Blame RIO (or 'their' reaction to RIO's results) for this. Bit odd, I thought RIO was very persuasive. But just hold on is probably the best response, with plenty of patience.

[eriktherock] 01/8/2018 09:10

We'll see soon enough Geoff but a glance at the long term chart in the header may be an indicator.

[geofft] 01/8/2018 09:05

A kiss goodbye, or a kiss hello though?!

[eriktherock] 01/8/2018 08:56

Yesterdays High was a kiss on the Dec 2016 Low.

[ken tennis] 31/7/2018 20:09

I'm in this for the long haul been here before and made some serious money
So don't panic guys if you got the patients to hold for at least a year
I'm sure you will be pleased with the results at some stage in this timescale.
Always DYOR

[penycae] 31/7/2018 09:11

Still selling into that rise.

[penycae] 31/7/2018 08:40

All depends on the spin they put on the results. If they choose to emphasise the negatives, they'll shave another pound or so off throughout the day, using the momentum already established. If funds of equal weight take an opposite view based on the positives, there'll be an undignified rush towards the exit.
This assumes that the price has been set by short positions. If the sales have been at arms length (which I doubt) then we are oversold on the weekly and daily charts, and are due a bounce. That's the view I took yesterday, but as I said, I've been wrong before.
Either way, this is in play, and there's a chunky gap that will be filled sooner or later.

Trade well and prosper........