Fresnillo Share Discussion Threads

[daybreakers] 29/12/2016 12:25

Good luck with MARL, KEFI, GPM, KRS, RMM, you'll need it. Don't worry hoc n fres profits will cover the losses on these junk story stocks. krs, will probably go bust. kefi with no funding ahem cough .01.

[k mon] 29/12/2016 11:48

pixi - RE currencies losing 97% of their value.

- I highlighted the same phenomena some time ago on the silver thread
and was, - quite correctly - put straight about that.
[by alexx - if memory serves.]

- The actual 'loss' made by currencies has actually been - MUCH GREATER !!

It takes some time to realise just how and possibly why the situation arose, because it is so - almost counter intuitive at first - but then - when you do get your head around it - you realise just what has been happening and

When you consider that the 'liabilities' now held by both governments and companies - via 'pension funds' and other, now overwhelming 'duties of care' - actually the 'value' of currencies would now put them in negative territory.

- Hence - to hold a 'currency' is to hold a piece of paper with 'negative' returns. - ie. - the 'liabilities' (that of paying for the 'government' and administration systems that support the currency required for the currency to simply 'exist' - are simply 'overwhelming' the currencies 'value'

[in other words - the majority of 'commerce' or 'business' - cannot return profit enough to support the administrative systems required to undertake that 'business']

- Thus - we have 'negative interest rates'

That situation shows in a practical way, when you consider the situation that occurs when the 'value' of decisions made by 'committees' and 'management' cannot justify or even come close to equalling the costs and liabilities imposed on the actual undertaking of the proposed works.

- It's the old 16 men standing around a hole - watching one man digging it scenario. - All 17 men require 'payment' - salaries etc.

That - is the reality of the situation. One in which the current FIAT currency system is struggling even to comprehend, let alone solve.

You can see how the situation has evolved over time, as each of the 16 is unwilling to examine their own 'usefulness' to the overall operation and indeed - in order to continue in their post (undoubtedly for pension and other 'rewards') then go on to argue with the other 15 on which is the most 'efficient' way to dig the hole.

Thus - the man digging the hole - receives countermanding instruction - and ceases to either work 'efficiently' and eventually cannot continue.

Just think of the wider implications of both the EU and the 'Brexit' negotiation team, to get the idea. - - It is reported that an additional 30,000 'civil servants (along with perks and pensions etc.) will be required - just to sort out a political mess - that politicians themselves - 'created'.

No money system can support that kind of profligacy - and yet - you see the same processes repeated, not just in politics - but in the larger corporate and business world itself.

Although - there will always be those who tell you otherwise.

[goldenshare888] 29/12/2016 10:24

Hi pixi, I would not be surprised but very :)))

What a stonking year that would be for us!

HOC 400p - 700p is on the cards for 2017.
:))

[pixi] 29/12/2016 10:18

Golden shares, I hear gold and silver will be up around 40% by the end of 2017.

[pixi] 29/12/2016 10:13

The problem is that people are losing faith in worthless paper backed by nothing. Since the FED was invented currencies have lost around 97% of their value. They only have around 3% left to devalue. All this paper currency and derivatives have allowed the central bankers to run riot and screw everything up for ordinary people who are being set up again to pay the piper, like they did in 2008. The markets are at record levels so everyone thinks everything is rosy. But when growth stops and businesses start racking up losses, the dole queues are going to get bigger and bigger and people will lose their homes and families just like they did in 2008. Meanwhile the mad bankers will get bailed out again by the politicians who need them to pay off the debts they have run up buying votes.

[topicel] 29/12/2016 09:09

For what it's worth, I can only repeat the fundamental mantra :

"Trump can't preside the way he wants if the dollar is as strong as it is, and heaven forbid gets stronger"

So the petrodollar piece is also tying in with all of this gold standard, or issuing fresh Treasuries, QE4 style, as five-year notes as has also been indicated, using gold as the backing, as of old. Or a partial backing, say 1/20th, again, as of old.

Too many gold supporters in and around the President for this to be ignored. Once the banksters have no access to the US gold hoard - whatever remains - they will be more impotent to halt the free trading price of gold and silver.

It all makes perfect sense to enable Trump to spend, spend, spend. The globe can't countenance more dollars so it has to be the old fashioned way - backed by PMs. If we go even further back then silver backed fiat.

JPM have a bit of that stashed away apparently too...

I would imagine PMs resume their rally post Trump-euphoria that the banksters organised to exit all their short positions, and oil to continue a slow rise as the OPEC and non-OPEC countries ensure they can control the dollar again.

If that also means changing the way they underpin the petro transactions from dollars to gold, then even better.

They will not be stopped by Trump and co. as they must have a weaker dollar and lower interest rates. He needs to rebuild and promote growth using low interest and a weak dollar to export better.

AIMHO!

Topicel

[goldenshare888] 29/12/2016 08:59

Hi Ex,

I don't agree with you but wish you the best of luck.

My recent large long purchase here at c 1060p looks well timed though.

[extrader] 29/12/2016 08:32

Hi goldenshare888,

Appreciate the advice but I think the emphasis you place is wrong : demand for oil hasn't gone away, the issue is how you pay for it ?

If Mr Market wants to pay me in gold or cowrie shells, so long as those mediums of exchange enable me in turn to buy what I want, that's OK by me.

Since gold and cowrie shells are inconvenient/inflexible for day to day stuff, I'd probably be happy to settle for a suitable proxy....like, say, a gold-backed piece of paper...

HTH

[goldenshare888] 29/12/2016 08:17

Be careful Extrader, looks like commercials may be exiting their GOLD shorts and turning LONG, while piling on OIL shorts.

I imagine the 2017 game will be:

LONG - GOLD
LONG - SILVER
LONG - PM MINERS

SHORT - OIL
SHORT - BONDS
SHORT - STOCKS
SHORT - US DOLLAR

[extrader] 28/12/2016 22:36

Hi Topicel et al,

What price the USD if it ceases to be the currency of choice for hydrocarbon trading ?




A long but serious analysis of where we may be heading.

Executive summary : The major oil exporters and importers may be about to move to what is effectively a gold-based payments system, with attendant implications (+ve ) for gold and (-ve) for the greenback.

The article pulls together in a plausible manner a number of outwardly unconnected developments and makes a good case for the conclusions it reaches.

My own portfolio is more skewed to hydrocarbons than PMs at the moment, haven't quite figured out how that leaves me .....;-<<br />
ATB

[topicel] 28/12/2016 21:00

QE4, that is the easiest way to both weaken the dollar again and keep the sugar supply dripping into Wall Street.

The only trouble with QE4 is it appears to be having less and less effect each time.

That is why I would expect some kind of combination of QE and protectionism to devalue the dollar. Any stronger and the US companies are in big trouble. A businessman at the helm won't allow that scenario to go much further come January 20.

It makes no sense to leave the dollar free to appreciate. QED! QE4 and perhaps a partial peg to gold...?

He has said he rues the day Nixon took away the remaining part of the dollar that was still tied to the gold standard in 1971. He has big backers, and many in his admin who are gold supporters too, like Pence.

Now that would be a nice boost for gold but like I say it would need to recognise the loss in purchasing power via-a-vis gold of the dollar of, say, the last eight years...

Who knows? I'm not one to offer a cure but I know that a strong dollar is intolerable for the Yanks as things stand, and all it would lead to...

It seems everyone is ignoring the fact that Trump, his main backers in election funding, his Vice President and plenty of others in his cabinet and advisory team are all advocates of gold and the banksters, who had access to US gold since Obama's Executive Order in 2013, know it.

Time is running out guys. Squeezed by the new administration and a reversal Executive Order and the Chinese/Russian gold bugs and the SGE's growing price influence undermining what little JPM and co can still do to force the COMEX/LME prices down. Tickety-tock...

Topicel

[eriktherock] 28/12/2016 18:23

XAGUSD Long once it breaks 16,141, first T/P target 16,800 (psychological and technical level)

[pixi] 28/12/2016 17:25

I tried to buy a lot at once but they wouldn't let me so I had to buy a smaller holding instead. There must have been big demand at the time.

[eriktherock] 28/12/2016 16:56

Anglo American (LSE: AAL.L - news) e Fresnillo (Frankfurt: A0MVZE - news) são os principais ganhadores, com ganhos entre os 2,8 e os 3,9 pct.

[rougepierre] 28/12/2016 16:54

Holding wads of FRES, HOC, MARL, KEFI, GPM, KRS, RMM, etc....yippee!

[goldenshare888] 28/12/2016 14:07

Agreed DT, but the manipulation and suppression will end at some point.

I am betting we see much higher prices in 2017.

I am VERY LONG - HOC, FRES and recently RRS (@ £60 = c 40% OFF recent high c 100p) added to the pile!

:))

[dt1010] 28/12/2016 13:44

haha gold`en lets hope the journey back has started...most oversold sector i know of..most manipulated too.

[discodave4] 28/12/2016 13:37

Time to get back in?......expect slight pullback tomorrow so will wait.Good luck all.DD

[goldenshare888] 28/12/2016 13:24

It's going to be enormous!!

[goldenshare888] 28/12/2016 13:23

I've added more too.

:))

[pixi] 28/12/2016 12:57

I topped up today.

[goldenshare888] 28/12/2016 10:55

Hardly surprising at current crazy paper prices pixi and bearing in mind they have hammered paper prices down for an unprecedented 7 weeks in row prior to Christmas!

Those in the know are filling their boots at artificially low prices in my view.

Wait till 2017! The snap back could be HUGE!!

:))

[pixi] 28/12/2016 10:24

What a wonderful day this is, everyone wants gold and silver.

[goldenshare888] 28/12/2016 08:07

Nice prediction pixi.

Tide turning?

Holding plenty here and HOC.

:))

[pixi] 23/12/2016 10:38

Good move up am.