Loadng up Yep, grabbed a slug at 685. Lovely hammer forming on the daily, looking forward to tomorrow.
Loadng up 680’s is good enough for me. Reloading with Fresnillo after a 12% fall from its recent peak price. Holding back a little in case the 678 support line arrives.
All about holding 695p A recovery at the close saves support. Has not gone lower enough for me to board Fresnillo again. Maybe tomorrow will give a better entry.
All about holding 695p 695 now being breached a third time. Support line grade has completely eroded. The shorters have got a shot to take down lower.
All about holding 695p To be precise the support line is around 694.7p. The battle line is whether this holds or not. I would certainly be interested to go back in somewhere in the 670’s myself.
Major support line breach at 717p New support lines are at 704p, 699p, and 682p. We could well see a 6 handle again on Fresnillo. Drop unlikely to be as severe as yesterday.
Heading back down Second support line now fully breached and next support is at 717p.
Heading back down My last long holding sold at 770p this morning which I bought at 692. The party is over for this month but I expect it to rally strong in 2020.
Banked 65p plus gain Fortunately Orsotoro it is enough to pay 26 weeks of family food shopping with the shed load I had on but get your humour.
Banked 65p plus gain Good for you. I would use that 65p to get a tin of baked beans with sausages for dinner, but what’s your tip ?
Banked 65p plus gain Good luck holders. I achieved what I set out to do.
Fresnillo past prices with silver this high 21/01 2018 Fresnillo 1368 03/09/2017 Fresnillo 1621 Today we are still sub 700.
Fresnillo Stats Forward PE 11.5 Price to Sales 2.4 (lowest in class of peers) Price to book 1.6. Price to cash flow as a result of poor H1 is 13.5. Should correct in H2 if forecast production holds.
Peso devaluing against USD All gaps in the chart below are closed. numerous gaps open above.
Peso devaluing against USD Peso falls 2.8% in one week as USD soars. Fresnillo costs are in peso and incomes earned is USD.