George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Honestly surpised we not up much more. Silver $29 and gold $2400!! Any theorys to why FRES trades like such a pig?
We’re on our way.
https://www.tradingview.com/chart/FRES/t2FwX8rI-FRES-Strong-Buy-Swift-rerate-to-short-term-target-765p/
May trim another 1/4 at next target.
Feels like 2009, 2015 and 2020. ADT1 next, then UFO.L.
Most undervalued commodity on the planet, especially inflation adjusted, is calling BS and following Gold.
Lovely Jubbly.
Fill yer fekin boots
£6 smashed, slight trim at 620 tywm. Onwards and upwards.
Hi Tony, thanks for this "contrarian" view. Everything is possible. However, the article's arguments are weak.
"cinderella metal, silver, being slow to authenticate the move as it normally might." - Not anymore.
"they tend to buy on the benchmark (or fix) and these purchases are not." - I would not make a lot from that.
"LBMA vault data" - again, very weak argument.
"It appears a counterparty has taken a particulalry large bet on gold and squeezing the market"
Not possible to keep this in secret. Options bet of this size could be done only with multiple bullion/investment banks. Everyone from every gold trading desk would already be talking about that. Besides, no hedge fund would dare to do this in the current environment, inflicting regulation scrutiny.
Again, everything is possible, but I would not hold my breath.
SILVER through $29 bucks now!!
Wow Silver is on it's way.Fres is too.GLA
Thanks for the link and article.
.
New orbit for PMs.
Higher for longer is good for FRES.
Should smash through £6 today and trend much higher.
Https://www.metalsdaily.com/archive/archive/ross-norman-where-the-buying-is-coming-from-/352537
"#Silver now hitting some fresh highs. The $30+ an ounce magnet keeps pulling..."
https://twitter.com/goldseek/status/1778522237257257355
Glad I loaded up my ISA.
Where does it go? Another 2 months run apparently.
https://www.youtube.com/watch?v=qjQSbyK2uUE
Another new ATH for Gold.
https://x.com/bonker_99/status/1778509299364381039
Bought in March, sold a 1/4 the other day, as RSI looked high, not sure now If I want it to go up or down to redeploy.
The production costs and gross profit bridge diagrams on slides 23 and 24 make it difficult to know whether this years will be better, based purely on rising metals prices.
https://www.fresnilloplc.com/media/gormbplz/050324-fres-fy23-presentation.pdf
"Been saying for 14 weeks that #gold has a blue mega breakout.
And previous quarter, also #silver had a blue mega breakout.
Now it is up against gray resistance price range.
Historical breakouts. Historical opportunity."
https://twitter.com/graddhybpc/status/1778369127091978518
Yeah, hit 28.50 again as resistance
Trend still intact, but it didn't half shoot up quickly off that support level.
$28.5 to beat - could be a fakeout ...
Lovely little 'buy the dip' trade there.
Look at that green candle on Silver ...... whoosh
That’s cpi for you
Shorts starting to go into gold. This could be at a peak.
I had $2.4k / $28 as intermediate targets - I'll be amazed if they don't suppress from here.
If £28 holds today that should be pretty bullish
Let's see what silver is end of trade Friday
That'll be interesting
I think this is just a spike for USD - core inflation beat by 0.1% rates stay higher longer. Should be overcrowded trade now - surely it's been priced before today
Yup - no surprise - USDJPY flying, Gold & Silver bouncing around