The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
What he does know is that ASC is not in play for now.
Traders moving on in the short term.
The fear of Nationalisation,the on going de facto insurgency by criminal elements close to mining operations are weighing heavily here.
Is it really in Fres interest to increase production and profits even if that was possible ?.....I dont think so.
Big money is on the sides here and are keener to express a PM position via SLV.GLD rather than equity.
The risk of a deflationary flush for Silver is also a negative and seasonal factors are not conducive.
There is enough concern to explain why FRES is trading here.
Until proven otherwise support for silver is $17.50 and £4.50 for Fres which is the level of safety most require before big money will enter.Technically a recapture of the 50 week MA and a turn up from RSI 20 if reached (currently 32) are of interest.
Only my guess folks,be nice !! Best of luck.
Jeff,unfortunately you are spot on & it represents a very serious risk for investors.
Dystopia is at hand but most do not see it,the biggest risk to all investors today,as has been forever, is
our Gov who answer to a higher power structure and treat the electorate with utter contempt
and disdain.The clincher is there is no way out as they now have the tech to track and control every aspects of our lives.The masses are asleep and walking straight ahead into a grim future,those who know what is going on are powerless.
Sorry to be so negative and this on a day when I am feeling positive !!!
As has been stated,is the yield here enough to offset capital destruction in the event of on going US/China/Taiwan rhetoric or an actual conflict.Prior to the Russia/US conflict I would have said probably.But things have changed and I do not underestimate the US administrations ability to do something really stupid again.There is some really crazy neo-con population reduction people at the top determining our future who I have zero trust in.This is not to say that I trust China or Russia to hold sway in some kind of eutopia,I dont.Geopolitics make investing currently very challenging.Because of inflation investors are being forced to assume risk and are not fairly compensated for assuming such risk.Gold,that pet rock/ancient relic is becoming more attractive as the days pass.
There has never been a Financial crisis except by design since 1913 when the Fed was established.How does it work ?.
1920s pump liquidity into the system=boom,then suddenly withdraw it = crash
Dot com ditto
GFC ditto
Covid ditto.
Currently the objective is to eviscerate the small/medium banks and credit unions in the US and Western economies
Anybody who thinks " the crisis " just happens out of the blue,organically as it were.is not paying attention.
There is a collusion of obfuscation to deflect motive and intent.
And the Q has to be asked WHY ......... For total control,the greatest buzz that humans can get.
I would suggest the people read " The Princes of the Yen" by Richard Werner everything else is just nonsense.
CBDCs are a given and within a programmable cashless context physical gold is the only place to hide out in until sense prevails.
Best of luck folks,we are going to need it.
The atomic bombing of Japan on two occasions in 1945 was a crime against humanity resulting in the needless deaths of civilians.The war was over against Japan and to suggest it prevented the deaths of millions is a red herring.
The atomic bombs were dropped to indicate to Russia that they had the power and were willing to use it.
A de facto negotiating tool preceding the carve up of Europe.
I suspect the real story may be bond issues on the balance sheet.There is a lot of stress in the system which the BOE is trying to keep a lid on.Only for the brave until things become clearer.
The Japanese Central bank broke the zero peg for their bonds,this is a big deal and has wide unquantifiable ramifications for risk assets hence the flight to hard currencies ie precious metals and a flight safety,again,precious metals !
Gold should do well here,but,should and did are often non sequiturs.
dhub,
Given your incessant uber bullish predictions ( Wrong ) regarding BMN,one would have thought you might have concluded that your powers of predicting the future was not great, like us all,but no,here you are at again with poor old Hemo.I will wait for you to be bearish then Hemo might have some chance of going up !!
Best of luck.
"How low can it go"
https://www.youtube.com/watch?v=fcNKDsSq2D4
The last date of big volume institutional buying was 2014,they were big buyers at circa £8.50.I am holding and not adding until/if this area is tested again.Any overall market weakness and it is possible that we could see that price.
If it turns north from here,great,but I would urge caution until this settles,the chart for now says down and has done for the past 12 months.
Best of luck.
If one looks at a 20 yr chart here and one asks themselves if they knew nothing about the underling security,would one buy ?,the answer would have to be a resounding "no way ! ".
I have a half position long here at £11.50.I have said on a number of occasions, that this current price level is critical.If the bears can nudge this below£10 ,then £7.50 is on the cards.I will not add until I am as sure as one can be that £10 holds.
Best of luck folks,caution required regardless of how fundamentally sound the company appears,after all, if insiders are selling should we be buying ???.Not meant to be a de ramp,just a best guess.
“Never interrupt your enemy while he’s making a mistake; it’s bad manners.”
In the context of a takeover target the above is apt.Management is currently in the process of destroying shareholder value all by itself.If one was machiavellian one would be forgiven in thinking there was a purpose behind such incompetence !
Context was poor here,insider dumping when he was just hot in his seat and well ready to kitchen sink the results/outlook.
£10.50 is critical here as if it breaks then further weakness is probable.
Its hard to make a case for a short term rally that wont get sold.
Long term a good investment,short term best to hold what one has and care warranted on adding until/if the £10.50 holds.
Best of luck.
Et Tu, Brute ? !
There are only two things holding birg back.the Gov overhang and the Fed.The former will soon be gone and the leater depends on the FOMC Wed announcement @7pm .Priced in is 0.75%,if forward guidance is dovish then expect markets to go seriously green.If 1% or if forward guidance is hawkish then expect to see 3600 s/p500 and 450p here and my £8 target will have to wait for now.
Finely balanced as always,everything else is just noise.
All want lower gold prices,to buy more.
Some European counties within the EU have been buying Gold on the instructions of the ECB .
There is something being planned beneath the surface.
Do not be panicked into selling physical,use it as an opportunity to scale in if funds available and can hold for a few years.
Lower for now but not indefinitely,the bear target for Gold is the pre-covid low of $1450 struck Nov 2019.
Thinking out loud folks,not meant as advise.Best of luck.