Fresnillo Share Discussion Threads

[trader536] 09/10/2020 21:35

Silver flying and reaching for the second monthly highest close since 2013. Me thinks there's lots more to come here, hold for far far bigger gains next year. $50 - $100 silver?...

[2603] 09/10/2020 19:03

Yes, mistakes most of us make including myself not taking profits. Its worth considering what you say a review at £20. My speculative HOC took a good bid today, bottomed at 205 made higher highs for a few days and a spike today. Review that next week.

[trader536] 09/10/2020 18:35

2603 - I agree Fres will go higher than £20. The reason I’ve set £20 as my target is because it’s a technical resistance area. I expect £20 to be a tough one to break, it may take several attempts and therefore present a lot of trading opportunities at that level. I hold quite a lot of these, £20 will be the beginning of the unwinding, I may well be still holding some at £30.

Silver having a strong finish to the week. It’s up almost $10 on 2019 average of $16.10. On 55moz production that’s half a billion for Fres on silver alone.

[2603] 09/10/2020 18:04

Trader I do really think you need to up your target on Fress from £20 to £30 for the long term. There are two scenarios for the short term that could happen from Silver at $25 IMO, a push for a break out to test highs or another flush out of weak hands (as you would say Plat and Kenny) Haha. and really have ago all the way down to $20.
As for Juanicipio, this is a very exciting long term adventure with MAG and will most definitely improve producttion year on year with lots more area to explore. I honest cant think of a better mining share to be in for the next 2-3 years.

[trader536] 09/10/2020 16:22

A breakout to new highs next week?

If they’ve managed to start processing stoping ore from the construction of the Juanicipio plant then Q3 could prove to be the launch pad for production growth. This coupled with the current substantial increase in PM prices should fuel the price towards my £20 target.

[trader536] 09/10/2020 14:11

A nice upside swing in silver today. This up and down volatility was predicted and expected with the recently increasing average true range....

“trader536 - 14 Aug 2020 - 10:24:52 - 11635 of 12026 FRESNILLO precious metals - FRES
Silver up 7% yesterday down 3% today. This volatility is going to become the norm. Silver daily ATR has increased by over 300% in the last month”

[trader536] 09/10/2020 12:45

“Keep buying PM’s” ???

That is ridiculous advice from the short sighted to the short sighted.

The astute amongst us were early to the party and bought all we needed at far lower prices than they are today. The best thing to do now is nothing.

[plat hunter] 09/10/2020 11:28

Back in the real world, adults don't tell their mates, who they're ignoring atm.Like anyone cares, you weirdo.

[kennyp52] 09/10/2020 07:48

Now then ... let’s see your trades ... or is it just one big fantasy as I know you went in at the top in this one before it dived and been trying to ramp the life out of it for the past 6 months to get your losses back ... And maybe into some profit ... but not much and a I doubt you have any real money to invest . Maybe the odd £1k invested here and there?

[kennyp52] 09/10/2020 07:42

Just for clarification trader536 and to show you up to be the bitter little LIAR you are ...

15/09/2020 Sold S741781252 219.04

05/10/2020 Bought B754246452 150.08

06/10/2020 Bought B755309782 151.97

But you are quite welcome to keep on ranting that I have been burnt by CEY . What a tool and liar you are . Sorry ... but I did tell you the reality of my position .

Currently a very happy 🤡. 😆

[kennyp52] 09/10/2020 00:49

Nope .. I made a small fortune over at CEY as you well know but are too warped to admit and continue your fantasy of other investors not making money . You are sick trader536 .... you need help .

[plat hunter] 08/10/2020 16:19

I don't love a single company trader, hence i outperform you here

[trader536] 08/10/2020 16:03

You sure took a shot up the bum from your beloved CEY 😂😂😂

[kennyp52] 08/10/2020 15:51

Can someone please tell me how you can suffer from a price crash when you sold your shares before the drop and sitting tightly in cash picking off bargain prices ... of which FRES is not and overvalued which is why it cannot get past 1350 . If the next bit of production news is poor again then down it will go IMHO . Not going to reinvest in this unless it goes sub 1000p
And I definitely dont take it up the bum you disgusting creature .

[plat hunter] 08/10/2020 14:02

I treble bagged after selling you my fres for 700 but you keep going on about your 86% from the 8th of may or whenever it was ha ha ha ha


You're a loser and absolutely no one likes you. Go and do the honorable thing and run a hosepipe into your car from the exhaust.

[plat hunter] 08/10/2020 13:49

How many Bhatt?

[trader536] 08/10/2020 13:15

The long-term silver price continues to display strength.

Even after the recent rise today's gold silver ratio is 78:1 which is still significantly higher my long term average of 63:1

Based on the 63:1 average a fair value price for silver today would be $30.04

[kennyp52] 08/10/2020 09:53

Ahhh ... traders dad . Either way you are cut from the same cloth and not worth listening to . Filtered