Fresnillo Share Discussion Threads

[blueball] 15/12/2016 10:42

Here comes £10 as predicted.

[goldenshare888] 15/12/2016 10:40

Make that three tranches now!

Buy when others are fearful.

The last time the FED raised rates PM's were hit the following day and then rebounded strongly.

Fingers crossed for a repeat!

:))

[goldenshare888] 15/12/2016 10:06

I have also added two more tranches today!

Long term hold for me.

:))

[pixi] 15/12/2016 10:04

In for a bunch at 1073 and 1076. Be rude not to.

[stevenrevell] 15/12/2016 10:03

Way things are goin we will be back down to year lows

[dt1010] 15/12/2016 09:11

not really worth participating

[tsmith2] 15/12/2016 09:08

market getting v silly

[deanroberthunt] 15/12/2016 09:07

everything is aganst precious metals right now, a massive indices rally, especially in the US....and interest rate rises.

[dt1010] 14/12/2016 21:53

Don't be ridiculous.

He's going to make Amercia great again.

:)

[shakeypremis] 14/12/2016 20:14

Trump is not going to save us.

[dt1010] 14/12/2016 20:11

Trump hates Yellen.

She is so gone soon.

[k mon] 14/12/2016 19:56

They'd be better off listening to a reading of 'Ulysses'.
- than Janet's 'stream of consciousness' - efforts.

- Can a world economy really be based on one woman's perception

how long can the farce continue.

Listen Dear - the traders all love you because you increase volatility - and therefore velocity as they rush from one side of the boat to the other --- but your not really a captain - are you?

- the passengers are puking all over the place - and the stench is frightful.

[dt1010] 14/12/2016 19:33

this is making no difference at all. gold has drop seven dollars. silver is hardly changed.

it was priced in. the market knew it was coming so did gold bugs.

the whole sector is over sold and it will bounce.

the smart money has either already bought or is buying now.

0.25 basis points changes nothing, absolutely nothing.

""The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate," the Fed statement said".

BBC

[dt1010] 14/12/2016 19:18

Investors will now turn their attention to an imminent press conference to be given by Fed chairwoman Janet Yellen.

They will be looking for new forecasts and clues on policymakers' thinking about how President-elect Donald Trump's policies will impact growth and inflation.

BBC

[dt1010] 14/12/2016 19:15

can't see silver and gold dropping much more personally, they cannot raise rates quickly, they will crush the bond market and they know it.

[shakeypremis] 14/12/2016 19:14

This is going to be quite bad for all of us short term.

[dt1010] 14/12/2016 19:09

There you go - I was right, they have raised rates by 0.25 basis points.

[goldenshare888] 14/12/2016 15:38

YUM, I am adding more for sure here!

:))

[dt1010] 14/12/2016 15:36

I just love this bit:

"It's forecast to record a rise in earnings of almost 10 times in the next two years, which has the potential to positively catalyse investor sentiment".

[dt1010] 14/12/2016 15:33

nice:

"Value for money
In Fresnillo's case, it's moving more heavily towards gold production, although it remains the world's largest silver miner. It's forecast to record a rise in earnings of almost 10 times in the next two years, which has the potential to positively catalyse investor sentiment. This puts it on a price-to-earnings growth (PEG) ratio of less than 1, which indicates that it offers excellent value for money as well as a wide margin of safety".

[goldenshare888] 14/12/2016 14:50

I think calls for 1000p are wishful thinking here and that 1500p+ is now more likely than 1000p.

I am buying accordingly.

[stevea171] 14/12/2016 14:14

NOVEMBER: Chinese Gold Demand Up 40% Despite Import Curbs
by BullionStar - Dec 14, 2016 4:43 AM

The volume of physical gold withdrawn from vaults of the Shanghai Gold Exchange (SGE), a proxy for Chinese wholeslae demand, in November accounted for 215 tonnes, up 40% from October and the highest amount in ten months. Year to date SGE withdrawals have reached 1,774 tonnes.

Additionally, mainlanders buy gold in Hong Kong where jewelry is cheaper as it doesn't enjoy VAT. From Live Trading News we read:

“Gold sellers in Hong Kong, where mainland Chinese often buy gold, report an increase in purchases, ...” according to published reports. “Some of the buying is also because of the Lunar New Year period next month, a time when buying normally picks up.”

[linton5] 14/12/2016 13:47

I'm ready to top up here watching and waiting