Fresnillo Share Discussion Threads

[dt1010] 27/1/2017 08:31

66 according the Hargreaves Landsdown

[marvelman] 27/1/2017 08:21

Can anyone tell me what the P/E is on this company?...ADVFN is quting circa 170...many thanks in advance

[dt1010] 26/1/2017 09:46

I think the gold/silver trade this year will last 6 months personally though might be wrong, usually am.

[dt1010] 26/1/2017 08:38

Top you may be right.

I see this as a short term pull back.

Early-mid next week it will reverse again back up.

Could see 1300 before then though IMO.

[topicel] 25/1/2017 20:30

Exactly right bookbroker.

Weak dollar means strong PMs. This is just the usual, but far weaker, options expiry games. We'll not see $15-anything again IMHO.

Equally, trading out yesterday was smart and buying back sometime tomorrow equally wise as being long it makes little difference because it is often hindsight speaking.

Topicel

[discodave4] 25/1/2017 19:28

Long sb stopped out this afternoon, in profit though so will wait to get back in.This one still owes me!DD

[bookbroker] 25/1/2017 19:10

I don't see silver pulling back while it is clear Trump desires a weaker dollar, and I do not see why you feel silver needs to pull back to $15.50, off course a rising US interest rate policy will pressure PM's, however threats of trade wars under Trumps nationalistic agenda will help PM's!

[dt1010] 25/1/2017 18:15

State the obvious:

This will stop falling when silver does.

And start rising when silver does.

Silver needs to pull back to circa $15.50.

Before the next wave up.

That will be the time to go long here.

For investors who hold on it is irrelevant.

For traders, important.

[enami] 25/1/2017 15:52

Sold out at 1450, profit protection stop tripped.
It has been a goo run-up and will keep an eye on it.

[topicel] 25/1/2017 08:49

You sell on the news tart GS!

Topicel

[ifthecapfits] 25/1/2017 08:27

Look pretty good to me.

[goldenshare888] 25/1/2017 08:24

Sold some FRES to hold more HOC for potential greater gains!

:))

[dmitribollokov] 25/1/2017 07:30

Nice results

[discodave4] 24/1/2017 23:17

Q4 Production tomorrow.......good luck everyone.DD

[maxdba85] 23/1/2017 22:30

Beware of the IMF.
THey have a forecasting record worse than Ocky the Octopus and the moral compass of Blackbeard the Pirate.
Just my opinion

[breaktwister] 23/1/2017 22:23

China joined the IMF in Oct 2016

[breaktwister] 23/1/2017 22:21

Topicel, re: the IMF, some commentators believe the writing is already on the wall for the US dollar as the IMF is poised to replace it with the SDR as the global reserve currency. Up until recently the USA controlled the IMF but the addition of China to the group in Oct 2017 reduced the US voting share. I am frightened of the SDR, a currency issued only a global central bankers and one step closer to a global currency.

[breaktwister] 23/1/2017 22:15

Sorry for the late reply. In respect of the US gold reserves, I am a little hazy on the details but there is an official document produced by a Reagan investigation in the 80s that concluded that the US Treasury had no gold reserves (they had handed it all over to the Fed which as most enlightened readers will know is a private banking cartel). The Fed holds this gold on its balance sheet. I will look for the link and post it. I also recommend Jim Rickards books that go into detail on this topic.

[topicel] 23/1/2017 20:43

Good post extrader. Silver is ready to revalue against gold and the weakening petro-dollar will only be exacerbated by protectionism.

Topicel

[extrader] 23/1/2017 16:32

Hi all,

Here's (an extract of) Ashmore Group's take on the 'Trump effect' :

...Revealing a shocking degree of economic illiteracy, US President Donald Trump claimed in his inaugural speech that “protection will lead to great strength and prosperity”. His bleak, defensive and atypically American vision of pessimism and defeatism was a de facto abdication of America’s erstwhile role as undisputed global leader on economic issues. By contrast, Chinese President Xi Jinping’s message at Davos spelled out a positive and ambitious agenda of openness and support for globalisation with the words “protection is like locking yourself in a dark room” . The King is dead! Long live the King!
The irony of the contrasting positions adopted by Xi and Trump was not lost on the press: here was the leader of Communist China standing up for free markets, while the ‘leader of the free world’ proposes to turn his country’s businesses into the equivalent of protected French farmers. In reality, however, China has been
liberalising its economy for decades

Relevance to FRES and other silver/PM producers ? China (along with Russia) seems keen to replace the petrodollar-based world economy with one based on 'harder' currencies.....including those with implicit or explicit PM backing....

ATB

[return_of_the_apeman] 23/1/2017 16:25

*although in my opinion his strategy might not be watertight, a few odd shaped ones in Lycra might still just make it through

[return_of_the_apeman] 23/1/2017 16:22

Word is that "global business sensation" Anton du Beke is backing Trump's campaign to rid the USA of Mexicans*

[emeraldzebra] 23/1/2017 16:08

US Gold reserves still held at fort Knox i think. Not sure if you can pop in for a look though lol