Fresnillo Share Discussion Threads

[trader536] 25/5/2021 16:02

Look at it as a gift or an opportunity, they are not always this obvious.

[scepticalinvestor] 25/5/2021 15:53

very odd - no correlation here between AU / AG price it seems

[trader536] 25/5/2021 15:27

Gold and silver have been rising since 31st March, FRES hasn't yet followed, but it will jump rapidly at some point

[ukgeorge] 25/5/2021 15:11

nice jump in the gold price :) and silver

[trader536] 25/5/2021 11:21

£13 is possible by August

[technowiz] 25/5/2021 11:12

£9 is possible today.

[trader536] 25/5/2021 09:41

Probably price will move sideways for a while, no significant news is due yet.

[wallywoo] 25/5/2021 09:18

Gross profit jumped 90 percent on a 25 percent silver price increase last year. It will be the same or higher this year.However, lots of rumours that the Mexican government will tax them higher. So it could still be hit hard. Also some legal actions, on renewable solar energy ownership. So the political environment is choppy.Chartwise there's a possibility of a reverse head and shoulders reversal, but it could easily head lower, so nothing confirmed. Short positions have been creeping higher too.I have been adding slowly, who knows where the bottom will be. The main drive will come when the silver price takes off again.

[finctastic] 25/5/2021 09:02

Agreed Stupid. And great shout by diggy last week. A nice heads up that opportunity was about to knock.

[imastu pidgitaswell] 25/5/2021 08:47

And that was flagged - by diggy - last week. Maybe people should read the thread.

It's a fantastic opportunity and (my guess only) is that peeps will be wondering what the dip below 900 (or even 1000) was all about this time next week or earlier.

[diggybee] 25/5/2021 08:44

After Thursday and msci

[scepticalinvestor] 25/5/2021 08:34

Does this ever actually go up? Lol

[kennyp52] 25/5/2021 08:29

Imastu .. fundamentals seem to be out of the window at the moment . All gold miners been sliding yet POG holding and highly profitable . Same here with both gold and silver . Should be making significant profits but no share price recognition . Can only put it down to the market makers looking at those fekin charts and screwing up the markets .

[imastu pidgitaswell] 25/5/2021 08:26

Yet they produced more than expected at Q1, certainly gold.

Never let the facts get in the way of a pre-formed view.

[kennyp52] 25/5/2021 08:24

Real issue here is trader536 ramping it ... usually goes the other way ... oh ... it has. Production issues not yet over or forgotten it seems . I see a chart going down , down , down ... is 700 on its way ?

[imastu pidgitaswell] 25/5/2021 08:23

Just added another tranche. 51st time lucky.

While not back at 46,000+ yet, getting a lot closer...

[scepticalinvestor] 25/5/2021 08:20

and its almost 2% down?crikey, it appears to be in a substantial downtrend...

[trader536] 25/5/2021 08:17

SI - there are more people buying than there are selling.

[scepticalinvestor] 25/5/2021 08:14

err AU is up...why are ppl selling lol

[bogotatrader] 24/5/2021 21:07

Basel 3 effect on silver price -

[bogotatrader] 24/5/2021 20:38

Am not a chartist but looks like a reverse head and shoulder pattern has been forming since March to date....if correct a sharp move up from the 'neckline' due soon...

[timydogy] 24/5/2021 17:15

% Change

Date Changed

Millennium International Management LP

0.64%

↑ 0.09%

Fri May 21, 2021



Total shorts: 0.64%

[lovewinshatelosses] 24/5/2021 16:25

I took a few more in the 860's. Must sit on my hands with this one now :)

[lageraemia] 24/5/2021 16:18

Wallop.

It will bounce off the 895p line tomorrow morning then head back to 870p I reckon.

I think we'll see a week of higher highs and low lowers and the occasionally stops-fishing short attack under the cover of some silver/gold paper price shennanigans.

That's my prediction, but not even I have enough conviction in it to trade accordingly.