Fresnillo Share Discussion Threads

[hamhamham1] 21/11/2018 07:59

Funny enough it finished spot on the average 20p rise per day yesterday, matching the approx previous 5 days averages.
Once I see a great steady line upwards like over the past 5 days, I know the share price wants to rise, even if there are blips down it soon recovers and gets back on track. Am well happy :)

[hamhamham1] 20/11/2018 20:32

Will be interesting to see what happens in China. There is so much hidden local gov debt and shadow banking out there, we may yet see who's been swimming without their trunks on when the tide goes out.

[hussyo] 20/11/2018 20:26

Negative home data today would have seen Fres close at close to 9.50... A December hike is still very likely, but it will be a doveish one, as I keep saying.

[hamhamham1] 20/11/2018 19:52

Jeez. Crude oil off by nearly 7%. They do say oil spikes before a market crash?
Who knows?
And I complete on buying a place on Thursday, Doh!
Well hopefully I got a bit of protection as I bought at a discount, or a discount compared to current prices anyway :)

[plat hunter] 20/11/2018 19:39

The building data is new homes built, it very much depends on the direction of the sale prices and duration on the market, whether or not the home builders SP's respond positively or not.

It's my understanding that that we are are at the end phase of the current economical cycle which usually brings a correction in real estate valuations.

[hussyo] 20/11/2018 19:05

What I fail to understand about the US is that Building data almost always beats estimates but US homebuilders have been dropping all year and are in savage bear territory.

[hamhamham1] 20/11/2018 14:35

Plat. That would be nice :)

[plat hunter] 20/11/2018 13:55

Bitcoin is massively down again today.. The silver market has been particularity hit hard for volume over the last 13 months.. It no looks like that volume is leaving crytpo and coming back in to precious metals

[ken tennis] 20/11/2018 12:51

HAM HUS ERIK I like this ay lovely little FRES shes performing well now AG AU bucking the trend against the rising DXY looking nice.

All the best them still holding im up 11% on this one but wish I could say this about all my other holdings haha.

[hamhamham1] 20/11/2018 12:20

The 5 day chart is looking lovely. Steady increases at an average of about 20p per day. Nice line upwards.

[hamhamham1] 20/11/2018 09:26

I dont buy the trade tensions rhetoric between the US and China. I think this is far more deep seated, its about a power play to be the dominant power in the world.
This isn't a temporary spat IMO.

[hamhamham1] 20/11/2018 07:11

I'm hoping for a 3%+ gain here today.
US and Far East well down and UK/Europe not got any good news either.
Time will tell, I have been wrong more often than right ;)

[plat hunter] 19/11/2018 17:12

Fres seems more like a currency play rather than a silver play atm.. It's inversely correlated to the value of sterling against the dollar.

Silver is down today

[stevenrevell] 19/11/2018 16:12

This needs some momentum

[hussyo] 19/11/2018 12:32

Thanks for your thoughts Plat

[plat hunter] 19/11/2018 12:30

Bitcoin's had a big sell off today and 5% down. This afternoon should be good for precious metals

[plat hunter] 19/11/2018 11:56

Hi Hussyo

Just my humble opinion of course but it might just be... I wouldn't hold anything retail atm or for the foreseeable.

Mainly just my own experience of retail but the cable rate has battered me since the brexit vote, quite literally 40-50% of my margins were wiped out over night and have not really recovered.

The problem with M&S is it's vast offering and floor space... M&S falling sales were always offset by their food offerings but even that has started to contract now too and with most of their fresh produce coming from the EU, it's difficult to see how they'll improve in the foreseeable.

Good luck with it though, I have nothing to lose from people doing well and proving me wrong.

[hussyo] 19/11/2018 11:27

Thanks Plat... one other big reason that's often overlooked when discussing high street decline is consumer rights, and how it favours the online shopper. This is going to sound like financial suicide, but I actually like M&S and am a buyer at 2.80

[hussyo] 19/11/2018 11:23

Thanks ham... you re right that the DUP hold the cards.

[hamhamham1] 19/11/2018 08:54

I can't see the Tories opting for an election, if the vote fails then it's either back to Brussels to re-negotiate or a 2nd vote, both of which require an article 50 extension. The EU would probably only offer an extension if it was for a 2nd vote though.
Having said all that the Tories could be forced to call an election if the DUP very publically withdraw their confidence and supply agreement, that would leave the Tories as a minority government that couldn't get anything through the house.
Interesting but scary times :)

[hussyo] 19/11/2018 08:49

Sterling is going to be a trade soon... right now the market is pricing in a deal on the basis of their being a greater majority in Parliament for any deal rather than no deal. But my sense is that Labour are only after one thing and thats a GE, and they'll only get that if any deal fails. Any thoughts....

[plat hunter] 19/11/2018 08:07

Looks like PGM's are holding on to their gains since Friday's close..

New York open should be interesting

[plat hunter] 19/11/2018 08:03

following my redundancy from BlackRock in 2012, I set up a couple of online business's. Nothing fancy or big but good enough to pay the bils, put fuel on the motors and go on holiday a couple times of year.

For me the High street is toxic mix of storm contributors, such as Rates, local authorities attitude towards parking and long leases for big names and more recently the v weak cable rate.

Nowadays, every high street and town centre has no where to park, and is full of Next's Dorothy Perkins and Costa Coffees.. The high street is dead until it's returned to small independents distributing cyclical consumer goods, just like they were in the old days.

[hamhamham1] 19/11/2018 07:55

Yep, and similar for the high street as well as the printed/broadcast media.

[plat hunter] 19/11/2018 07:52

I think it shows that the internet is serious competition for readers and advertisers.