Morning all26 Nov 2019 04:32
I just been doing a bit of studying on the FRES charts before heading of to fekin work yet again, we’ll over the last 3 years FRES has been pretty consistent in following the price of Silver and Gold until we hit the latest production report on I believe 16th July when FRES dropped rapidly for the next 2 weeks until 2nd August meanwhile Silver and Gold are flying up but making absolutely no difference to FRESES downward motion.
FRES has now started to track silver and gold again so based on the above I recon if silver and gold drop further we could see more downside in FRES.
This is just my observation over the last 3 years.
I’m seriously contemplating doubling up my mrs pot on FRES to get her average around the 650 to 670 mark but I want to try and get as close to the bottom as possible this why I think FRES may have further downside as it has started tracking silver and gold prices which I’m thinking may drop a bit more before the end of the year.
January and February have normally been good months for PMs in the past but who knows it may be different this year.