Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good woosh lol
The divi is insignificant.
Is this expected to drop tomorrow when it goes ex divi ?
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862
"The Silver Institute's new world silver survey is out, and shows a 184 million ounce deficit in 2023."
https://x.com/bonker_99/status/1780607171375313329
Https://www.silverinstitute.org/silver-industrial-demand-rose-11-percent-to-post-a-new-record-in-2023/
Easier to read and digest.
"Fourth, given the supply-demand fundamentals, I believe that the silver price has a strong base and over time will be higher,
probably significantly higher." Chairs statement.
Fres still No.1 producer in the world.
Https://www.silverinstitute.org/wp-content/uploads/2024/04/World-Silver-Survey-2024.pdf
Production report on 24th April.
JPMorgan raises Fresnillo to 'overweight' (neutral) - price target 750 (500) pence
Seemed inevitable that the buyers would come back in...... a few traders scrambling to re-buy I suspect
I am not selling anything ..because the reasons to buy PM are still in place .... IMO
Paid.
Penoles came down and kissed the 14 day average before finding support, if we do the same then we could see circa 540-550 this week.
USDMXN is moving up, while gold/silver prices hover high. Good setup to start climbing again.
I thought China news on their improving outlook of their economy will boost metals combined with ban on Russia. Is the drop just temporary due to the Israel/Iran war?
With Powell signalling today saying they are not in a rush to cut the rates so will this also help FRES?
My PAAS sale and Barrick side pot sale are not looking too daft now, although did not catch the top in either, sadly.
Same for my FRES trim actually.
Torn between wanting to see more of a pull back in spot prices, to reload all of these names, and not wanting to have the chance, especially in FRES! Ah well, what will be, will be. Powell speaking later I think. GLA.
First Majestic getting hammered today
In the questor column
Meant 23% is free float!
...that only 25% of this company is free float. 77% is held by PeƱoles. So there's not much to trade. This inevitably leads to greater volatility in the share price.
https://www.fool.com/investing/general/2013/03/15/the-men-who-run-fresnillo.aspx
I expect us to witness a correction down to 550 or so. The long-term case is intact.
Nice copy and paste Noel. Thanks for letting everyone know on all the other boards. Have you heard of Twitter and #?
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
$28.82 / oz atm
Nice steady rises just fine.
$50 end of year?
Bout time Silver posted a mew ATH imo.
After falling today, in the evening things changed and the prices of gold and silver shot up. Good day tomorrow,