Fresnillo Share Discussion Threads

[trader536] 09/11/2020 20:46

Here's a closer look at silver. If we zoom into the 5 min we can see that the 5 min 40 period EMA changed direction at 1900 GMT which was confirmed by the 5 min indicators.....

[eriktherock] 09/11/2020 20:31

Thanks trader. I'm continuously long Ag so it would be nice if we saw another good call. However, albeit there was an obvious long entry @ around 23.8, it is Tuesday tomorrow ! We'll see. Hope you and others here continue to prosper.

[trader536] 09/11/2020 20:23

erik - I have to kick back at the numpties who turn up here every time Fres has a down day. All stocks have up days and down days, averages are used to smooth out the volatility to determine price direction. No need to ramp Fres the value is simple to calculate. The chart below shows the silver 40 hourly period EMA trajectory smoothed out (with the black ((line of colour to be politically correct)) line) from 28th Oct to today. As we can see the price is rising despite the pullback today. I'm of the opinion that Silver will rise tomorrow, the hourly candles are recovering todays fall. It has become normal to see 5-6% daily swings in silver, the idiots always turn out on the down days but I never hear from them on the up days.

[zicopele] 09/11/2020 20:01

Silver looking good. Hopeful for tomorrow.

[eriktherock] 09/11/2020 19:46

trader, you're sounding a bit like a ramper. Why not accept that we're likely to go lower tomorrow (slap-down Tuesday), probably sub £10 at some point.

[trader536] 09/11/2020 19:46

Kenny the clown - in contrast to Fres profit growth can you tell me by how much CEY profit will decline in 2021 following the downward revision in production and upward revision in costs? Thanks in advance.

[trader536] 09/11/2020 19:37

$20 avg silver on a conservative 50moz production will give a 100% boost to the $200m profit achieved on $16 silver in 2019. ...and that's without counting the increase on the $1414 average gold price achieved in 2019 which should be another $200m or total of $200% rise in annual profit. 2020 financials in January will show huge increases in profit

[trader536] 09/11/2020 19:27

Looking at your selling of FRES at 700p then piling into CEY at 162p; you wouldn't know a short signal even if it smacked you in the face

[plat hunter] 09/11/2020 19:11

Second time in less than 2 weeks i can buy under 12I won't this time though...All gaps closed and a Bearish Engulfing on the weekly enveloping.Tis only monday and only has to close above 1166 on friday to avoid a short signal

[trader536] 09/11/2020 19:00

Reiterate..... trader536 - 23 Oct 2020 - 17:54:32 - 12121 of 12168 FRESNILLO precious metals - FRES Funny how down days bring out the jealous trolls

[kennyp52] 09/11/2020 18:55

Trader.. you must be struggling now it’s below your original entry point ? Quick to put up your share trading on GRL but no so keen on this one I see . Most that have been here some time know when you bought . Oops . Ah well ... no doubt you will continue sprouting this is due to rise to 3,000p ... plonker .

[trader536] 09/11/2020 18:33

The monthly silver chart below shows silver has risen an incredible 47.9% from the $16.10 average achieved by Fres in 2019. We can also see that all indicators are positive and that the 4, 12 and 40 EMA's are also stacked in ascending order. This pattern is identical to the pattern of previous bull runs in the early 2000's and the 2010 bull run and is equally volatile. The long term gold silver ratio of 60:1 suggests todays $1850 gold gives silver a fair value of $30. Silver anywhere in the 20's will support the Fres valuation and provide a significant boost to full year financials due in Jan.

[trader536] 09/11/2020 18:28

Umatingytribe - all good here my dear friend, thank you for your concern. I picked up a few CEY at half price today. I see there are many burned fingers and sore bums over there. Fres is currently only 20% off it's 2.5 year high and has performed amazingly well for me. My position here is currently up a juicy 60% in six months, which is 1/3 of the massive 180% target that I hope to achieve within 18 months of entry. Todays pullback may provide an entry point or top up for those who were late to the FRES party, but some of us were astute enough to buy all we needed in the high 600's and low 700's so we need do absolutely nothing. The monthly chart below shows my Avg entry and target price. All three monthly indicators are in positive territory, and the monthly 4, 12 and 40 period EMA's stacked in ascending order. The 2xATR stop indicator (bottom indicator) is currently reading 411, so Fres is not for babies or those who are afraid of volatility or leveraged.

[imastu pidgitaswell] 09/11/2020 17:43

12161 - that's the plan... Back in at the close :-)

[eriktherock] 09/11/2020 17:38

zico, your entry was smart @ £11.16 given that it's an investment. I'm looking for a spike down to sub £10 for a trade up to your entry.

[zicopele] 09/11/2020 17:30

Maybe eric...it has to be said they are making shed loads of money which will underpin the share price. I hope I did not get in too soon.

[bonio10000] 09/11/2020 17:00

What a share. Just trade 1150p to 1350p every week. Unbelievable.

[eriktherock] 09/11/2020 16:59

£9.80 - £10.00 for entry

[plat hunter] 09/11/2020 16:56

He's gone quite tribe. I wonder if he was on margin all along? What a tool

[zicopele] 09/11/2020 16:46

Got back in at 1116. The die is cast.

[umatingytribe] 09/11/2020 16:10

Trader ...how.s it gannin?

[imastu pidgitaswell] 09/11/2020 13:15

https://uk.advfn.com/cmn/fbb/thread.php3?id=46523802&from=20 Next 10 posts or so. "For example, a vaccination breakthrough, likely over the next 3-6 months will change the investment landscape. Maybe it should, maybe it shouldn't - but it will." Thinking about getting back in... :-)

[plat hunter] 09/11/2020 12:31

Lol at trader

[plat hunter] 09/11/2020 08:17

Don't read much do you 2603