Fresnillo Share Discussion Threads

[hazl] 24/6/2016 08:30

Well this is one share that I have a few of, that's doing well this morning!

[saucepan] 15/6/2016 10:38

Topicel: interesting thoughts. There are times in the cycles, too, when stocks and commodities rise in tandem, rather than counteracting each other. Personally, I would not be surprised to see that happening this time round, once short-term fear issues have resolved themselves. In may, of course be wrong, but will let the charts guide me.

[topicel] 15/6/2016 08:57

So here we are, another FOMC day and the wise words of Mrs Yellen will probably be cautious ahead of Brexit which can only bring added strength to PMs in the immediate term. The rationale then is wait and see what June 23rd brings with more squeaky bum times for holders of anything not PM related.

Implied volatility and uncertainty are always the friend of gold investments and after the late profit taking yesterday afternoon on the small pretext of good US retail numbers hinting towards a July rate hike it would be more likely pushed back to September according to the 29% of experts polled by Bloomberg.

Which still isn't that great, meaning later in the year! Whichever way I look at this the move up for Fresnillo must continue slowly but inexorably. And then there's the thought of Trump...

Topicel

[topicel] 13/6/2016 14:51

In the States Barrick Gold has opened plus 4% and Newmont Mining +2.5%, so quite a bit of catch up room for the FTSE gold and silver stocks left to do this afternoon.

The key perhaps is to finally see and hold $1300 for gold spot price, after which the floodgates could well be opened. Assuming that nut is cracked the Fresnillo price should in turn approach it's own lucky 13, pounds per share that is...

No rate rise threats are likely from the Fed this week to derail the momentum it seems either. That's my current logic anyway!

Topicel

[saucepan] 08/6/2016 11:48

It does not do any harm to be reminded of a longer-term perspective here:

One year chart - confirming the 52-week high being made today:



And a bit of longer-term perspective on the potential recovery still to go for:



If a bull market is indeed returning to resource stocks, FRES looks a great early leader to me.

[edjge2] 06/6/2016 22:08

sure bouncing

[pixi] 27/5/2016 09:48

Looking good.

[mrthomas] 25/5/2016 10:21

Well if get below 10 may buy again but coming up to the months when markets are generally down and of course that vote. But looks like we get volatility so could see some poss trading

[topicel] 19/5/2016 09:24

Works fine for moi. Perhaps the silence is due to the impending rate rises Stateside which always hurt PMs?

Any slip here will be a buy signal IMHO though as the global economies are far from out of the woods yet.

Volatility as always, but the agenda would appear to be loaded against miners in general moving forward into the early summer.

Topicel

[npp62] 17/5/2016 16:40

Only posting here because the regular thread seems to be unavailable for some reason. Is anyone else having that problem?

[17902] 01/5/2016 17:06

The past is easier to live in and explain for some. Getting it right is really hard to accept as just luck, however modesty is over rated they say and I'm going to struggle if this doubles from here. What a lovely problem....

[abc125] 30/4/2016 11:36

Here's a 30m video from gan global discussing the history of commodity bull and bear markets - very instructive imo.

[abc125] 29/4/2016 19:39

Paul it's about time you give your reasoned opinions on the metals rather than constant sniping from the sidelines. Or, if that's too much to ask, simply post up a picture of a rocket lol.

[abc125] 29/4/2016 19:33

At least I give reasoned analysis rather than 'its going to the moon' lol.

As sure as night follows day, there will be a correction. The nature of that correction will tell us whether it is a resumption of the bear market or a simple pullback within an ongoing uptrend.

p.s. I own two gold stocks:omi and shg. The run up in the mid caps and majors will end soon and the small cap producers will take over imho.

[p4ulinho] 29/4/2016 18:23

LOL still short then.

Please don't listen to him. He was saying not long ago that the HUI was going to 30 when it had dipped into the 90s.

very dangerous person, just ask Pixi how much money he cost her.

[abc125] 29/4/2016 18:17

When the conventional stocks head down so will the miners imho. This looks like a parabolic blow off top to me. For example barrack is up 50% in the month of April alone. To prolong the longevity of the PM bull market it would have been better to have a deeper correction.

[goldenshare888] 29/4/2016 07:57

USD Index: 93.46!

Falling nicely........

SILVER & GOLD WARMING UP NICELY

[hectorp] 22/4/2016 14:23

GAp to low 900s is well filled, so I assume 1010.
Silver looking very strong..

[topicel] 22/4/2016 08:52

Those out at a tenner missed out on the progress towards £11 but it does appear the BoJ noises are gonna derail silver for a while and interest rate hike Hawks in the US are back on the wing.

Watching closely for some gaps to be filled to the downside following that extra surge these last few days.

Longer term the trend is still good IMHO. Volatility remains.

Topicel

[edjge2] 20/4/2016 10:25

cup and handle followed by cup and handle?

[edjge2] 20/4/2016 10:22

got a downdgrade by some outfit this am. Seems to be working ala AAL.