Fresnillo Share Discussion Threads

[diggybee] 02/12/2020 09:31

I reckon. Half a chance silver takes out 25 again and goes for a light trot into year end?

[imastu pidgitaswell] 02/12/2020 09:02

Top(ish) of the recent trading range. Hold or twist? I think I'm holding (all).


free stock charts from uk.advfn.com

[diggybee] 01/12/2020 22:43

So that is nice

[diggybee] 01/12/2020 22:43

"Industrial demand for silver is tied to the expansion of renewable energy sources, particularly solar panels. Silver is used to produce a conductive paste that goes on the front and back of most photovoltaic cells. President-elect Joe Biden is encouraging the installation of 500 million solar panels in the U.S. over the next five years, and China's demand for solar panels is also projected to increase.Silver is also of use to the auto industry. It has the highest electrical conductivity of any metal and is used for both internal combustion engine (ICE) and electric-powered vehicles (EVs). It can be found in electrical connections, contacts, switches, electrically-powered seats, autonomous brake technology and a variety of touch-sensitive displays. If countries ever ban the sale of ICE vehicles, the auto industry's use of silver could grow by around 5% a year.

[imastu pidgitaswell] 01/12/2020 16:20

Thanks for that - 😎

[kryptonsnake] 01/12/2020 15:02

Closed my shorts at the perfect time

Take note Plat


LOLsss

[trader536] 01/12/2020 12:08

The orange boxes on the chart below show previous share price in relation to profit. IMO the current high gold and silver price support profit (and therefore share price) returning to these levels. This is also supported by the monthly averages and technical indicators.....

[diggybee] 01/12/2020 11:37

I don't disagree.

[trader536] 01/12/2020 09:01

Gold is up $400 on 2019 average sales price, silver is up $7 on 2019 average sales price. With Fres is churning out 800koz gold and 50moz silver thats an extra $670m on last years $205m profit, which would be $875m (an increase of 326%). Quite a compelling reason to hold and supports the long term technicals. Daily ups and down are just noise.

[diggybee] 01/12/2020 03:43

Silver actually not bad yesterday. Big bounce off those early lows. And pushing further up in Asia today. I do not think I would bother being short silver here. Therefore half a chance we are in the ballpark for Fres to find some footholds too?

[sideshowbull] 30/11/2020 19:43

Why the fk did one of you ask me to look at the chart?

Worse chart I have not seen recently.

But then again it's all voodoo.



BWTFDIK

[lasata] 30/11/2020 17:07

High volume today??

[theapiarist] 30/11/2020 17:05

Bonio
As you know, historically, gold and the dollar are inversely correlated. However in the last 2 months they haven't been following the script.
Over this period the DXY has fallen 3% which would normally herald a rise in gold. During this period the gold price, instead of rising, has slipped by $1200.
This suggests to me that either gold is too low or the DXY is too high. I don't believe the latter and once the US shenanigans settle down it should rise, further depressing gold along with Ag and FRES.
All IMHO.

[plat hunter] 30/11/2020 15:12

More like he was touched... As a child

[theapiarist] 30/11/2020 14:23

IMHO Technical Analysis, charting etc undoubtedly has an important part to play in investment strategy in the general market.
However, when it comes to predicting the price of PMs, geopolitical and economic considerations carry more weight - which cannot be reflected in any charts. It is far more important to try to keep abreast of political and financial issues than inspecting tea leaves or studying the entrails of a sheep.
A good knowledge of world affairs and sound judgement, allied to a hefty slice of luck is what's needed in the PMs market.

FWIW my entry point is £9.50. But like all the others it is only a guess and I reserve the right to alter it at any time in the light of unfolding events.

[bonio10000] 30/11/2020 13:02

He's definitely touched.

[ashwani01] 30/11/2020 12:57

I am quite happy to buy and sell between those two extremes as long as I make a bottom line profit. We aren't all as gifted as you, trader. ?

[trader536] 30/11/2020 12:30

Some are late to the party, the metals bull run started last year, the time to buy Fres was under 700p when they were near multi decade lows. The time to sell will be north of £20 at some point next year.

[bonio10000] 30/11/2020 10:45

Looks like my strategy is playing out.

US employment figures likely to whack gold nearer $1700 at the end of the week.

[kryptonsnake] 30/11/2020 10:31

Starting to close my shorts now

Might go long for the 2021 metal bull run


LOLsss