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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 Peñoles. 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,
It's not great at all considering the price of Silver/Gold. Actually it sucks...
32% increase in just under 3 weeks is pretty great. This is probably profit taking combined with the geopolitical situation meaning people want hard more hard cash. You can't expect it to go up every day forever!
Was thinking just the same
Silver up
Fres down
Can't make this garbage up
Might enter Fresnillo at Crufts this year.
Grabbed a grand at 601.38p.
Lets see.
Topped up also with my buy shown as a sell.
Yes. Just added another top up. The gold/silver hit on Friday looked desperate.
Have amassed a nice little pot here , could be a good earner this year with any news on Mexican interest rates a bonus . GLA
Sorry last sentence should say if gold and silver goes down on monday i will buy more, fres that is.
Thats just the same reaction from markets when russia invasion of ukraine back in 2022 febuaray 24th everything including gold went down and then everything went back up the next day but gold and oil prices went up even higher, if gold and silver goes down on monday will i buy more.
Anyone owning a gold miner will do well
Iran has just attacked Israel with hundreds of drones
So gold and silver gonna bounce straight back up on Sunday night. That's my view anyway.
Best of luck to all !
Not one of the banks spoofing the price again one would hope :)