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Silver Ultra's be all red headed and shouting "tomorrow tomorrow, it's coming tomorrow, tomorrow is only a day a way"
Love hearing the old silver demand will go through the roof banter
This has been years now
So when will it happen?
"Been saying lately that $SILVER will break out soon, and that it is a GENERATIONAL opportunity on the breakout. It is now breaking out.
Note the two marked, previous breakouts of similar weight.
Should get a massive move here once again."
https://twitter.com/graddhybpc/status/1775801989298876660
That petition gets bandied around every time some sad sap paid to much for their shares.
Short selling is healthy, it'll never get banned.
Sorry to see you missed out buying below 500. Better get in now before it hits 600, on its way to 1000 (again). Central banks are in a bind, they can't do what they need to do to control inflation without triggering a disastrous financial crisis, such is the scale of global indebtedness. Plus silver demand is set to climb through the roof. It's a combination set to power silver miners for several years now.
Better late than never.
ANTO - P/E ratio 30.36
anto***asta plc p/e ratio 30.36
Close your shorts, friends, or your brokers will do it for you soon. :)
What 21 P/E? At the current gold, silver prices and production rate, we are talking about almost 1 billion EBIDTA, with a market cap around 4 billions. Also, don't forget about 2.2b Oz silver resources (and 38M Oz gold). If only silver resources are revalued by 1$/Oz and gold resources by $50/Oz as prices go up, we are talking about doubling the market cap from here.
If current gold/silver run is sustained, I see FRES breaking 10 pounds quite soon. It has all chances to outperform other miners because of the past underperformance due to forced seller.
I will pray to the Aztec gods that we never see the 400s again...
Hi you missed the boat I take it?
The pe is not necessarily best measure of value when silver and gold prices are rising fast. You would have to recalculate the pe with updated commodity prices.
Best of luck getting back in if that's what you looking for!
No view on the high valuation, the very high PE multiples here?
Sp, Fibonacci target is 537.8, based on the Fibonacci 61.8%, retracement from previous major high.
The sp, has already succeeded, in passing above the preceding fibonacci 38.2% and 50% retracement levels, so price action ought to decide what to do. DYOR.
27/3/24, bullish outside bar breakout, happened on double volume of previous day. An outside price bar is defined as having a higher high and a lower low than the preceding price bar day. The outside bar, is an indication of price expansion.
Macd(), and RSI(relative strength index), both show positive divergence , meaning momentum is positive for equity rise.
Supporting sector is bullish, having broken price pivot.
Overhead supply from previous trading , at 550 and 600, can be expected to provide selling resistance.
Long term FRES charts are bearish, down trending on all timescales 5 years to 3 months. Only the recent 1 month chart slopes upward. DYOR.
"Silver positioning, from being nearly flat a month ago, is now near five-year highs, and longer on a percentile basis than any other major bond, equity or commodity future."
https://www.zerohedge.com/commodities/inflation-risk-latecomers-pile-silver
Upside limited here
Max the cavemen have been saying that since God created the earth and a dinosaurs called fres roamed the earth and breathed fire but now its just hot wind..I really hope fres keeps going..personally I am waiting for rest of the data this week before committing more.
"$30/ounce #Silver next week?"
https://twitter.com/goldseek/status/1775536722111021342
Cmon FRES keep this up, breakout on now
I think this might be the worst share price to PM price ratio I've ever seen in a miner...I know there's a lot of moving parts to the "valuation", but it's still quite something to behold.
Fresnillo IPO'd at 520p way back in 2008 and the lowest close during March 2020 madness was 530p, talk about low volume and poor liquidity!
Second attempt now, come on FRES
Pivotal price, kissing the 100 day moving average with both 20 and 50 day averages turning upwards too.
Blackrock gold and general now has Sprott silver in it's top 10 holdings, Jupiter G & S is also well into PSLV. Neither has FRES in top 10.
Rumours aren't always true, the whole market is rigged.
What are Bank of America doing?. They're rumoured to have a massive short in Silver . Above $26 is nosebleed territory for them.
"Silver seems to be breaking out.
$26.25 …
It’s been stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1775269471185432662