Fresnillo Share Discussion Threads

[topicel] 04/9/2017 13:53

What downtrend UKGeorge?

There has only been an uptrend since late 2015 which was 'broken' by the totally unexpected macro event that was Brexit. The resultant zoom created a gap which was filled within seven months.

Ignore that. The uptrend resumed from January of this year and is still in place.

More 'events' will no doubt occur but don't think there is a downtrend in place.

Topicel

[ukgeorge] 04/9/2017 11:04

Getting close to breaking the downtrend :)

[bonio10000] 04/9/2017 07:49

Cha Ching.

[nrc] 02/9/2017 11:32

Thank for that link

[nrc] 02/9/2017 11:31

Thank for that link

[killary cunton] 02/9/2017 09:08

Michael belkins thoughts on silver and silver stocks

[topicel] 31/8/2017 09:26

Well the figure was in the back of my mind last year as a target itcf, and to be honest it is dependent on macro events and not company-specific progress of course.

NK is an extra factor but my reckoning was all based upon the impact of the debt ceiling and ending of QE plus potential US Gov shutdown. All is very imminent and can roil the markets big time with PM prices going manic as has been predicted for so long.

The leverage here of a return to, say, $20 silver and $1400 gold would maybe be enough, but many predict those figures are too little with even $49 and $1900 all-time highs and beyond forecast if the proverbial really does hit the fan.

Fresnillo was trading at £6 last 2015 and was rising steadily when Brexit hit and really only a massive smack down the night Trump was elected when gold was getting bid up significantly prevented the £30 then IMHO.

Maybe it is still too early but I do see September/October as pivotal, don't you?

Topicel

[ifthecapfits] 31/8/2017 08:39

£30 - wow.

As you say a couple more missiles and trump rhetoric (or not)should push us much higher. Don't have a target myself per se - £30 would be awesome!

[topicel] 31/8/2017 08:36

Not the cheapest but yes, still good value on that p/e.

The graph supports the gap up and breakout back into the £17.50 area with my long term target still approaching £30. Last year's high got us into the twenties so a little more NK-orchestrated tension allied to the domestic issues facing Trump today, the resumption of Russia links and the return of Congress to discuss all things debt ceiling and Government shutdown related - slowly and painfully - will only Stoke the PM gold and silver investment space throughout September.

Unless people think it will all be solved in good old Tommy Cooper 'just like that' fashion?

Topicel

[3rd eye] 29/8/2017 09:20

FRES Fresnillo, impressive gap up and breakout this morning on back of increase in silver share price Forward P/E 25.6 usually in mid 30s. Cheap.

[ifthecapfits] 29/8/2017 08:30

Should have a good day today. Fingers xxd

[ifthecapfits] 25/8/2017 11:07

Nervousness ahead of what Yellen might say?

[ifthecapfits] 24/8/2017 15:37

Breaking free.

[ukgeorge] 23/8/2017 11:09

The chart is starting to look a little bit better. Obviously really dependant on how Au and Ag do in the near future. Fingers crossed for a decent run through $1,300 and hold.

[aurum1] 21/8/2017 20:15

I share your surprise that FRES dropped, especially as the GDX is up 1.3% today. Think the market is expecting a slight pull back in precious metals before the next leg up. However gold doesn’t appear to want to cooperate with a pull back. Hoping it will lead silver and FRES higher soon. Especially as historically September sees the biggest gains in gold from India wedding and Chinese holiday seasons. Chartists saying gold is maintaining a breakout above descending trend line. And in October the Fed begins to reduce the balance sheet, albeit moderately, for the first time in history – that will likely to see nervous stock market investors diversifying to precious metals.

[mharrison60] 21/8/2017 13:18

FRES moving down again, counter to gold and silver :-(

[mharrison60] 18/8/2017 17:37

Drop of over 50p from high of day despite ok metals performanceAny insights on why?

[topicel] 16/8/2017 11:44

The HOC silver bullet has been diverted a little as it is prone to do this morning and inevitably money will come to FRES as a bigger version of that safe haven play in silver and gold mining.

It won't be long before all calms down and we build again in both these shares as Trump and Russia comes back to the fore and debt ceiling fun develops in Washington. Oh, and do we really think NK have finished practicing their launches....?

Topicel

[enami] 10/8/2017 12:33

Info always in the header. Plus link to financial calendar

XD 10.6 cents 10 August. Pay 8 September

[ifthecapfits] 10/8/2017 09:21

Are we ed-div today?

[topicel] 09/8/2017 13:56

That's the trouble with rubbish, it gets forgotten about.

I suppose they didn't think to consider all the other reasons why holding FRES and the like is a wise move in that article? Lol, and that is without getting the basic strength of the company wrong.

Like I said, somebody needed an item written to help them close a short or something. I hope some bought on that recommendation.

Topicel

[ifthecapfits] 07/8/2017 16:43

Read it - rubbish.