Fresnillo Share Discussion Threads

[trader536] 07/5/2021 15:07

Plat Hunter - 18 Jun 2020 - 13:52:26 - 11040 of 12064 FRESNILLO precious metals - FRES
"In out of here. Been here in and out for years but I'm bored of it now and have a better use for the cash."

700p


The better use for the cash was to pile into CEY at 162p, then HUM at 40p and back into FRES 22% higher at 860p, now you've sold for 4%

Do you not realise your profitable trades should be greater than your losing trades?? You seem to be doing the opposite.

[plat hunter] 07/5/2021 14:52

Sold today today, don't listen yo that monkey, he been holding onto them since 1350

[lageraemia] 07/5/2021 12:09

The futute is, I reckon, blockchain backed by real stuff like gold and silver - Like Kinesis Money's KAG and KAU units.

Bitcoin is a technology demonstrator IMO.

[diggybee] 07/5/2021 11:10

I concur. But I wish I were more openMinded! And with dogecoin having a bigger mkt cap than GM and people making serious money on cumrocket, you can only imagine the future tears. But in many respects it is now institutionally too big too fail. But also illustrates the disdain people place on their usd or whatever that they can invest in the emperors invisible clothes.

[spinnereins] 07/5/2021 10:37

Crypto is Tulips they always fail. Crypto is nothing, it's the emperors clothes

[diggybee] 07/5/2021 09:45

So inflation is coming and precious metals are the traditional hedge....particularly stagflation. And maybe even a rotation from crypto although that has now probably become too big to fail.

[wisteria2] 07/5/2021 09:19

Agree monty, most commodities are rocketing in price as fiat currencies are being diluted beyond repair. Gold and silver heading much higher!

[trader536] 07/5/2021 09:07

Stupid - yep, remember how fast this moved last year? 450p to 1350p = 200% in six months. 2000-3000p when Juanicipio comes on stream

Monty - why would you think gold will go higher when expectations are the US economy added almost 1 million jobs? I would suggest this afternoon is a time to be cautious and be prepared to lock in some profit if they hit or beat expectations. Look at all the gaps in the PM stocks ;-)

US economy is expected to add nearly 1 million jobs in April. Wage inflation will be one of the key elements of the jobs report. USD is likely to gather strength against its rivals on an upbeat NFP reading

[montyhedge] 07/5/2021 08:54

Non farm payroll at 1pm, going to push gold even higher, this afternoon in my opinion.

[imastu pidgitaswell] 07/5/2021 08:25

3000 nailed on, as I understand it...

;-)

[its the oxman] 07/5/2021 08:23

Where do people see this moving back to 1200p plus or could it go much higher.

[montyhedge] 07/5/2021 08:05

Lol sold out keep trying talking it down, gold going back through $2000 coming weeks.

[technowiz] 06/5/2021 20:35

will US jobs report move the SP? a weak number is bad for gold?

[plat hunter] 06/5/2021 20:14

Noice day indeed

[technowiz] 06/5/2021 18:31

i sold at the days high 874p but the day wasn't over sods law. ah well. i'll let it settle then maybe think of a re-entry. gold and silver flat for last couple of hours.

[imastu pidgitaswell] 06/5/2021 17:09

Some lines on a chart. Food for thought.


free stock charts from uk.advfn.com


Not a great picture - but then you maybe have to think of other factors - like how much facking cash they're generating...


At the top of that upper downtrend line for the moment.

[pete160] 06/5/2021 16:52

Csal. Reportedly because of this:Spot silver jumped more than 3% on Thursday after Dallas Fed President Robert Kaplan argued he would like to see the discussions of tapering begin "sooner rather than later."

[imastu pidgitaswell] 06/5/2021 16:40

t - you let it roll at 1350+.

Coulda, woulda, shoulda sold....

I did.

;-)


Finc - the next gold resistance from late Feb, at 1816 is now here. Didn't take long...

[finctastic] 06/5/2021 16:02

Gold resistance level broken and then some....

[csalvage] 06/5/2021 15:36

Why is this up now.

[trader536] 06/5/2021 15:33

Let it roll, you're learning. Ain't you taking your 25 quid profit yet?