Fresnillo Share Discussion Threads

[bonio10000] 24/11/2020 12:16

Thanks and good luck - you seem a good sort.

I have a mate who was in Fres, I told him for months 1350p was an issue.

no point holding just to see profits disappear.

Sure - FRES might be £20 in a year but it isn't now and there is an all mighty gap to £8.

[theapiarist] 24/11/2020 12:08

Yes indeed. Gold, for some, is a religion and they become wedded to it. Money is to be made by respecting the cycles and being sensitive to the underlying economic and political currents.
Well done on the Blackrock trade.

[bonio10000] 24/11/2020 11:55

I was talking more generally.

If GBP rises then the GBP value of gold clearly falls.

As i noted above, I am talking industry wide not share specific.

[theapiarist] 24/11/2020 11:54

Bonio
I don't believe that the GBP has much effect on the profitability or otherwise of Fres

[theapiarist] 24/11/2020 11:50

Plat
A lucky let off!

Bonio
My brain tells me you're right but my finger still itches!
Welcome as it is, the vaccine won't pay off the debt. Given time the debt will be inflated away and the last men standing will be silver and gold.

Short/medium term I also fancy copper. Any suggestions?

[bonio10000] 24/11/2020 11:40

I also think there will be a brexit deal shortly which will further crush PMs for GBP holders as GBP re-rates.

We have rolled over every non-EU deal, so an EU deal, even if a weak one, basically means the UK is little worse off under Brexit and we might see $1.50 be early 2021.

[bonio10000] 24/11/2020 11:32

TheApiarist

My view is that vaccine euphoria is misplaced. We now have more debt and lower rates for a longer period.

However, the market loves it and I think PMs will fall dramatically off the back of it, as they already are.

So I am out and watching for Jan/Feb when Biden is in and the deficits balloon and market reassess.

I think buying now is pointless. Wait and see.

Gold is itching to retrace to $1500 to $1600 for me.

[trader536] 24/11/2020 11:32

And don’t forget piling into CEY at 162p! ouch 😂😂😂

[plat hunter] 24/11/2020 11:29

I was last out at 1350, tried to get back in at 1150 the other week but LSE glitch that day obstructed me buying.... Small blessingsI've since started adding HOC at sub 223

[trader536] 24/11/2020 10:35

Some people just can’t run their winners for fear of losing.

[trader536] 24/11/2020 10:32

Lol you keep alleging to have me on filter but you constantly respond my posts. Look in the mirror to see who the moron is

[imastu pidgitaswell] 24/11/2020 10:23

Plus posts 12079 and 12093.


Utter (filtered) moron.

[trader536] 24/11/2020 10:11

You’re only buying back what you sold at 700p, and paying far more. The words busy fool spring to mind.

[imastu pidgitaswell] 24/11/2020 09:25

Those sales in September at 1340+ do seem a long way away...

Happy to be adding them back at these sort of levels, subject to position size and consideration of the wider market - and some nice opportunities developed elsewhere in the meantime, such as TW. and SAGA, and COST, taken advantage of with the proceeds here. Even dear old BP and HSBA going well, with some additional purchases and sales off the late October lows, adding to the pre-existing holdings.

Always best to be flexible rather then dogmatic in a fast moving market. Well I think so anyway, but wtfdik?...

[imastu pidgitaswell] 23/11/2020 16:34

I tried to get in at the close for some earlier sales - more failures from HL.

Not necessarily unhappy, as may be cheaper tomorrow, but getting irritating at times.

Maybe just a feeling, but I think we are seeing some of the equity shares in gold and silver - this and POLY - leading the PM prices, rather than the other way round. Whatever, it is what it is, and you just have to go with it.

[zicopele] 19/11/2020 10:43

Poly making shrdloads of money and a tasty divi too. Silver holding up. Fres will surely cheer us up with earnings.

[imastu pidgitaswell] 18/11/2020 16:22

A lot of hot money appears to have been taken out of the PM miners and plonked in the more consumer-based stocks on the back of the vaccines news. And some regular miners.

Which makes sense - to a point.

Just need some patience here, but also need some of those consumer spend economy stocks - housebuilders, construction, banks, leisure/travel.

Metals prices really not off by much. Good times to come here (eventually) and on others, especially POLY.

[rarther] 13/11/2020 14:02

Bullion banks needing some extra racket to handle the buying pressure today

[plat hunter] 12/11/2020 13:09

Sad lonely bar steward.