Fresnillo Share Price (FRES)

Too right :)

Adjustment on my Silver shouts BTW - $15.85 is the pivot, $20/27 the major targets but I would guess it's not likely to beat $18s anytime soon - depends on Gold of course but if it goes over $18s from here then it's a legitimate and undeniable breakout.

Gold is kinda hot now so could bounce around quite a bit in a cooling-off phase but just for reference of where I think we're at from the $1.05k bottom - Gold's decade-long rise from $200s to $1900s was overbought once per year for ten years on the trot during that phenomenal rise and only topped out in the tenth year.

I'm not necessarily suggesting we're going to see $10k for Gold over the next decade but as a relative reference point I think it's worth pointing out that 2019 is likely only Year One of this rise IMO.

I suspect the same MO will apply to commodities across the board of course so big commods producers and junior explorers/developers sat on a load of cash relative to their current mcap are the go-to plays IMO.

The Dollar has had its butt kicked again today of course.

I was told not to tell anyone.

Evening.

Nothing wrong with holding physical of course - just don't tell anyone you have it ............

The benefit of a PM miner is the cash leverage you get from market price-cost per ounce and FRES cost per Silver ounce (IIRC) is an epicly low $9 so going from $14 to $16 is a sizeable cash injection with the promise of much more than that down the line.

Silver @ $16.3 as I type - I don't necessarily expect it to hold my $16.1 pivot straight away but this is a pretty good test and the double-bottom shout to longer term horizontal resistance @ $26 is very clear on the chart.

Gold @ $1,450 doesn't hurt either of course as it provides half our cash at present Gold/Silver levels :)

As for longer term on Gold (maybe even in 2020 if the Dollar balloon goes up as I expect it to by then) - keep c$2,600-$2,800 in mind IMO ...

Remember that CBs forged Basel 3 for this year/Brexit so they themselves could get away with as little damage to their balance sheets as possible given they know the sh*t is going to continue to hit the money printing fan for quite some time yet and possibly at unprecedented levels. The current national and personal debt levels dictate that we can't be allowed to get into a deflationary environment and/or a recession so it's "free money" with big inflation (official or otherwise) from here on out IMO.

If you're wondering why trillions of Dollars are being poured into negative yielding instruments like German bonds then it's because they know that -0.50% in real terms is going to look pretty good in a year or two for people caught holding paper cash but much of the paper-rejecting money is going into Gold & Silver of course as it's such a big bucket, capable of taking in very many billions of Dollars itself on a weekly basis.

A pity perhaps that production is said to be faltering slightly this year (I'm very happy to reverse-read that news though - trust me ........) but we're the World's biggest Silver miner so every buck on that price is going to provide more buoyancy to the SP here going forward.

#BTFD

and give us back today's losses just as quckly as they were lost... Guess we'll see in the morning.

if that's youre belief then you better buy actual physical precious metals instead of shares in them! If fiat money is bust, what did you buy your shares with?