Fresnillo Share Discussion Threads

[trader465] 28/6/2024 10:02

If it rises to 600 and fails it’ll be a right-side-up H&S

[aleman] 28/6/2024 09:27

If you like that sort of thing, Jan 2023 to date is looking quite a lot like an inverted head and shoulders with the second shoulder almost completed.

[ukgeorge] 28/6/2024 08:28

Sadly chart pattern rarely pan out as expected.

[chestnuts] 28/6/2024 07:44

Fres as made a little triangle over the last 5 days and we should jump to 600p today

[pete160] 27/6/2024 18:57

That's interesting Trader, We just need the algos to use chat gpt for their trading ideas and we're away!

[aleman] 27/6/2024 18:11

Gold and silver looking perky again this afternoon but share price not bothered. The share price is similar to last August. Silver's 50-day moving average back then was MXN400. It's now MXN510 and rising. Gold was MXN33k but is now about to rise through MXN41k. Go figure.

[trader465] 27/6/2024 08:46

Question to ChatGPT
What is today’s gold to silver price ratio? What is the all-time historical average ratio? And using the all time historical ratio, what price would silver be assuming $2300 gold price?

ChatGPT reply…..

As of today, June 27, 2024, the gold-to-silver price ratio is approximately 80.2 This ratio is calculated by dividing the current price of gold by the current price of silver.

Historically, the gold-to-silver ratio has averaged around 15 to 16. This historical ratio is often referenced from periods when bimetallic standards were in place.
Given a gold price of $2300, using the historical average ratio of 15, the price of silver can be estimated by dividing the gold price by the ratio.

Therefore, if the gold price is $2300, the historical ratio would suggest that silver should be priced around $153.33 per ounce.

[trader465] 26/6/2024 10:31

FRES is leader of the FTSE 100 today while the FTSE 100 is making all time highs.



It’s just a matter of time before we see this make all time highs.

[chestnuts] 26/6/2024 08:52

Fresnilo as just finished an expanding triangle as this is normally a 4th wave and the 5th wave is normally the longest.

[trader465] 24/6/2024 16:15

Last years Gold Americas presentation

[aleman] 21/6/2024 09:08

Silver futures edging up again. Dec 2028 up to $35.19 from bottoming at $33.39 a week ago. Remember these regularly traded around $25-$26 or so until prices decided to move up a level in February so FRES have been able to sell forward above $30 for about 3 months now.

[trader465] 20/6/2024 18:49

FRES/Silver Correlation gap overextended


free stock charts from uk.advfn.com

[cocorico2009] 20/6/2024 16:33

Just bought 1k at the bell.

FRES new to me - Need to read up a bit more and may double up next week with another 1k

GLA

[aleman] 20/6/2024 16:18

Still rising significantly - MXN566 and MXN43,440.

[trader465] 20/6/2024 16:15

89.85% % of Float Held by Institutions

[book5] 20/6/2024 15:19

at $100 this will go x5 or more

[trader465] 20/6/2024 15:13

An extra $20 on 55moz is $1.1b to the bottom line

[book5] 20/6/2024 14:02

$50 IN THE CARDS

[aleman] 20/6/2024 08:57

MXN561 a couple of hours ago and now 557. The 50-day average has broken MXN500, comfortably back into the lower 2021 range.

[trader465] 20/6/2024 03:12

Silver back over $30. Every $1 rise in silver adds $55m to the bottom line, the same happened in 2020, another bite of the cherry coming up?

[kennyp52] 19/6/2024 19:20

Trader465 .. interesting figures .. don’t forget exchange rate benefits also given wages are paid in MXN. To a degree probably what Aleman is trying to say . Only thing is wage inflation in Mexico was running rampant . Swings and roundabouts.

[aleman] 19/6/2024 13:54

Gold just edged above MXN43,000. Weekly closes have only ever been above that 3 times. Silver also still strong at MXN545. Weekly closes have only ever been above that 18 times.

[bonio10000] 19/6/2024 10:44

Paywall but you get the drift.

[book5] 19/6/2024 10:35

I suspect a significant % of our 4 billion cap is based on our resources/reserves still not in production
Will we lose any of those resources due to the government’s policies?
I may buy some before the results