Fresnillo Share Discussion Threads

[trader536] 27/5/2021 14:57

Results are August, we should see a rise start in the weeks leading up to results, perhaps starting next month June/July

[finctastic] 27/5/2021 14:54

Sit and see time I think, August not so far away now. Though I am expecting a fair skoosh towards the whoosh if gold turns before close.

[trader536] 27/5/2021 14:25

And if you look back to 2016 you'll see the big move came in June/July ie the run up to interims after higher metal prices earlier in the year, we now have exactly the same conditions.

[trader536] 27/5/2021 14:10

Look at the chart above and see how long it took to whoosh last year.

The whoosh was mainly in July (run up to interims) but the best time to buy was March April and May. I've said I don't think we'll see a great deal of action until a few weeks before interims, so patience needed for a couple of months to capture the big move.

[finctastic] 27/5/2021 13:55

Cheers t, nice archives. Question is though is this the start of the whoosh or just another skoosh before the whoosh.

[timbo_slice] 27/5/2021 13:52

High for the day....

[trader536] 27/5/2021 13:36

...And here's the weekly correlation which shows the buy opportunity we had last year has been created again. Santa has come to us again....

[trader536] 27/5/2021 13:22

While we wait for the whooosh, here's a couple of FRES/Gold correlation charts.

The monthly shows us that on the few occasions Fres has negative correlation it snaps back to positive pretty quickly....





The daily shows Fres falling against the rising gold price.

When we get a rise here I think it will be similar to this time last year when we were also in negative correlation territory....

[imastu pidgitaswell] 27/5/2021 13:11

Erm, no. A reminder:



Page 4. By CoP Today.

[lageraemia] 27/5/2021 10:11

Looks like we're at the bottom of a new cup and handle formation.......

Bottom of the cup right now?

[imastu pidgitaswell] 27/5/2021 09:58

A little earlier - production for Q2 on 28/07/21.

But nothing until then.

Selling seems to have lightened, as per last week's musings. No gap - this could now start moving. Or it might not...

[2603] 27/5/2021 09:33

Been topping up, anything under £9 for long term. Reverse head and shoulders forming. A break into the £9 this time should hold. It’s exciting to know a shorter at these levels, which I was saying all along.

[montyhedge] 27/5/2021 09:19

After a bank holiday on the Tuesday the market normally opens stronger.

[trader536] 27/5/2021 08:15

No, the juicy news will be 3rd August, patience until then...

[scepticalinvestor] 27/5/2021 07:56

Is there a TU next week?

[diggybee] 27/5/2021 02:53

About 13m shares come out in the rebalance. Average volume in Fres is about 1.5m a day. That's picked up a little last couple weeks to around 2m. So there will be sellers who are wanting to sell above the closing price (who may have already been selling a little recently), and shifters like millennium looking to cover into the close (but once the event is over there is no technical reason to be short any more). Price could therefore be up or down 5% or so depending on who has more weight! Volume shd be healthy. Best of luck day trading scalpers!

[technowiz] 27/5/2021 00:09

its bank holiday monday so just 1 trading day left this month.

[technowiz] 27/5/2021 00:08

henryxx, stoch on fres though is low around 30 so near the oversold levels. when the share price touched 825p it was at very oversold levels.

[henryxx] 26/5/2021 20:06

Hi - a few observations
Gold(close of play yesterday)
RSI 76, MACD way above the zero line, Slow Stochastic 93
These are extreme readings to say the least - the lights are flashing red.
Over any reasonable period of time silver has a tendency to follow gold(in essence silver is a leverage play on gold).
Keep an eye on USD$ - it looks to be completing a basing pattern. Potentially more bad news for PM's. Lastly there is the stock market. It looks as though a top is in. PM's(using history as a guide) have a tendency to decline for 2/3 months following a stock market top. In the short term therefore(ie the next few weeks/months)I'm bearish on PM's and by extension Miners. Complicating the picture for Miners is the possibility of a stock market correction(ie 10% -25% ? given the inherent instability of these markets). Implications for Fres ? Work it out for yourselves.
Longer term I'm bullish on PM's/Miners.
Tread carefully. In my view these are dangerous markets and if you are on the wrong side of the trade it could be financially very painful.

All the best.

[timydogy] 26/5/2021 18:54

26th May-21 17:46:59

Trade Price 872.80

Volume 572,875

Bid 874.60

Ask 875.60

Value 5m

Going to get interesting end of week and month Friday.
Keep one's powder dry.

[timydogy] 26/5/2021 18:12

Millennium have upped again 0.81℅ of stock.
That's 5,670,000 shares. If they dropped them all in a day. Buying opportunity.