velocipede
08 Feb 2017
Re: Silver Market Manipulation - Class A... I lost my nerve on the big fall and sold what I had left (having fortunately top sliced earlier at something like +120%, so still did very well). It looks like it's got its second wind now, so think I'll dip my toe back in. Thanks for your thoughts, Casabanker - all makes good sense to me.... Barchart.com now rating FRES as a "strong buy" with growing confidence.... so I'll follow suit with their "strong buy" view!
casabanker
07 Feb 2017
Re: Silver Market Manipulation - Class A... Some five years or so ago, I tried playing the small cap blue sky stocks without making a bean. Nowadays, rather than turning my back on precious metals stocks, I use them purely for insurance. As a bonus, this policy has produced some good returns. Apart from FRES, I hold some PAF, a relatively small gold miner but with low costs and paying a reasonable dividend. I also hold gold and siver ETF's which are backed by physical metal, a most important requirement. I also have some physical gold. One reason I returned to the sector was the fact that dividend stocks, with high yields, which I pursued a few years ago kept losing capital value which outweighed the yield. At that time, gold and silver prices were depressed and I bought some FRES at less than 800. It didn't pay off initially as the sp dropped to below 600 for a while. Gold fell to around $1050 and that is when I started to buy gold and silver ETF's. I also bought RRS for under 3800 but sold out at 5000, far too soon. The proportion of precious metal holdings in relation to total portfolio has reached to more than 15% so I will need to re-allocate funds elsewhere in due course. However, I think that there is still more upside. Mr Trump is upsetting apple carts all over the place and if things go as planned, we will see more spending in the US, rising inflation and a weaker dollar which are all drivers of precious metal stocks. Rising inflation will see bond yields rise. Investors are already selling bonds as it looks as though the bond bull market is ending. That money will have to go somewhere. High sustainable yields are hard to find. Large caps are finding it difficult to match let alone improve earnings. Stocks in the US are at nose bleed levels so we only need a scary incident to cause a panic and the market will correct. It wouldn't take much for the Dow to lose 3000 points and the FTSE 500 imo. The dollar is usually a fall back for nervous investors but if that is weak, there is one obvious alternative,,,,,,Casa.
spiffo
06 Feb 2017
Re: NEW ARTICLE: Chart of the week: A share ... There's still no sign of this pull back, we just go up and up, or am I being impatient as I'm looking to get back in 
Jay053
27 Jan 2017
Re: Silver Market Manipulation - Class A... Depends which miners you are buying.Miners can produce massive gains but can also go to zero, physical metal cannot go to zero you will always have it.These days I don't have time for trading and researching shares and I favour physical over shares I've made and lost money on both but by far lost most on mining shares.I think you should hold a little physical even if its some sovereigns, the markets are in a bubble and will collapse at some point taking mining shares with it.
Rhigos
27 Jan 2017
Re: Silver Market Manipulation - Class A... Jay053 Precious metal miners IMO better than physical gold. You can benefit from gearing effect e.g. 1% rise in PoG result in 4% rise in SP. You may also get dividends, CEY yield 1.39% at yesterdays close.I hold no physical gold or ETFs but have shares in CEY, FRES, HOC and RRS. From own experience steer clear of small cap mining shares, too risky IMO.I only have a small holding of FRES now having taken profits along the way. Last sale was selling half on 11 July 2016 at 1926p, highest price I've sold at since first purchasing in Jun 2010 at 904p. Made 4 other purchases and 4 other sales since first purchase. Profitable investment. Holding now for a SP of around £22.
Jay053
27 Jan 2017
Re: Silver Market Manipulation - Class A... Vx1 everyone knows its been going on for years.This is just more evidence for the few people who consider it a conspiracy theory.I find it sickening to read the traders conversations.To think of all the people they have ripped off over the years including myself, the company's which have gone bust.Gold and silver can only be held down for so long, both will correct massively to the upside, just keep buying physical invest in a few producers and sit back and wait.
vx1
26 Jan 2017
Re: Silver Market Manipulation - Class Actio... silver and gold market manipulation has been going on for years-nothing new.Just look at the amount of paper v physical gold around. Should the paper be called to deliver gold then several banks would go bust and gold could rally several hundred dollars.This will happen just when.
vx1
25 Jan 2017
Re: Fresnillo /Mexico another point. if Trump builds the wall what will Mexico do. US companies have many silver miners operating in Mexico so whats to stop the government putting on higher taxes etc on these mines. Perhaps thats where the money will come from as Trump makes Mexico pay for it. Does not abode well for other miners. Saucito in Mexico accounting for 47% of production.Who knows but just a thought.
II Editor
23 Jan 2017
NEW ARTICLE: Chart of the week: A share that keeps giving "Another great run in Fresnillo - but is it about over?Long-time readers will know that I have been covering silver miner LSE:FRES:Fresnillo for well over a year when it was on few people's radar. I would venture to say that most private investors ..."[link]
rhino666
19 Jan 2017
Re: Fresnillo depreciation That's how I understand it too Casa and why Fres initially spiked when the peso collapsed on Trump's election. The falling price of gold straight after soon took the gloss out of that but as Fres share price reacts exponentially to the price of gold, recovery is/will be quick. Good to see your money recovered so quickly - I am not at all surprised.
casabanker
16 Jan 2017
Re: Fresnillo depreciation I might be misunderstanding something here. Surely as the peso has weakened against the dollar, that would result in a windfall gain for FRES as gold and silver are priced in dollars and many employees are paid in pesos?Casa.
tornadotony
16 Jan 2017
Fresnillo depreciation After buying in on Friday, I have opted out after going through Fresnillo costs. I anticipate serious depreciation losses in H2 because of the peso devaluation. This nullifies better H2 silver prices.
casabanker
10 Jan 2017
Santa run extended I have had a very good run for the last 2 to 3 weeks. The markets are buoyant and so are gold and silver. Consequently, FRES has recovered most of my mis-timed entry at around 1500. I am becoming evermore defensive in my stock selections. Yesterday I bought RICA, Ruffer Trust Preference share which is dull and boring but holds up well in trying times. I am quite concerned about the future but, as many will know, I have been so for some time. I have had a model portfolio recomended to me which includes RICA. I already hold gold and silver ETF's GBSS and PHSP which are backed by physical metal. Others include BTEM; SMT; BGS; SPGP; SEDY and IAPD. I am avoiding all banks and most retailers. I have also sold a few holdings, giving me some cash in case of a good opportunity arises. Casa.
Jay053
03 Jan 2017
Silver Market Manipulation - Class Action Complaint This might make interesting reading for some on here. Silver Market Manipulation - Class Action Complaint[link]
sasa43
20 Dec 2016
FTAO: casa & rhino Share your views entirely - gold has been in a bear phase for quite a while now with the latest uptick in US interest rates not helping, of course.The question arises: 'Have things got better to justify the present disaffection with it or worse? The answer has to be the latter with the old enemy, inflation, beginning to stir again. FRES has been and remains the ideal AU / AG combo for me and the sp now has to be very close to rebounding ahead of a number of near term threats to stability, like :-Most Italian banks are bust or very close to it, several German ones are pretty fragile, too and the EU has quite a few elections coming up in 2017 and likely to undermine the Euro, the bond market looks very exposed now and that often leads to equity weakness (where will most of that money go while deposit rates remain minuscule?) - a reasonable proportion will return to gold shs, surely, after the convenient retreat of late.Of the two London listed majors, FRES looks much the better bet, given the ISIS problems in Mali where Randgold is heavily dependent, so it's just a matter of when, not if, in my book.The time to 'hold', if not buy more, is when the sp is suppressed which, in hindsight, is almost invariably the right approach and just wait it out - what you guys (and me) are doing in anticipation of renewed interest in this crucial 'hedge' sector - nothing wrong with being 'over insured' while we wait - liked that description, casa! - sasa.
