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🚨 ***** BREAKING NEWS ***** 🚨

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Brand New LSE BB thread set up for wenglish & Co to discuss all things non shares on a specialist bb that will cater to their specific requirements

No longer will they have to post on this or any other share forum once sold.

They now have access to LSE finest bb.. brought to you by special request

https://www.lse.co.uk/chat/general/general/78008E52-ABEE-4BE7-8651-F9EEC4A4A6A4.html

Seems to be a few posters coming out having sold some and regretting it.

I think Stockready is right.

The move upwards will start to gather pace

Dividend re-investments.

2/3rds of the buybacks still to go.

Inflation coming under control

Interest rates moving into the goldilocks zone.

FTSE continuing to set new highs.

All perfect combination for a strong SP rally from here.

SILJ - is the junior miners ETF

Hi Kev,

There is allsorts of Silver ETF's or ETC's or Leveraged plays.

Or just buying the Silver miners themselves like FRES etc.

Or buying a fund of Miners like SILG.

Into breakout territory now

Looking perky atm.

Https://www.kitco.com/news/article/2024-05-17/gold-rockets-above-2400-commodities-catch-fire-analysts-see-no-end-sight

Nice volume spike and chart set up looks good for a run up to re-test the double digits area in fhe near term.

No doubt some sharp upwards recalculation of the project NPV will be required with Gold marching on and a lower interest rate environment on the cards

That could translate into a dramatic re-rating in the SP.

(Alliance News) - Stock prices in London got a boost at midday on Monday, as investors eye a key UK inflation reading later in the week, which is expected to show cooling prices.

Amongst individual stocks, gold miner Fresnillo was the top performer of the morning on the FTSE 100 index, climbing with hopes of interest rate cuts.

"Equity bulls around the globe celebrated in style the softer-than-expected US CPI data last week. The global equity rally was further juiced by the expectation that a softer inflation in the US would not only allow the Federal Reserve (Fed) to start cutting the rates this year, but also allow the other major central banks, like the European Central Bank (ECB) and the Bank of England (BoE), to carry on with their plans to cut their own rates and – maybe – cut more than people think they could," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

As hopes for interest rate cuts climbed, gold hit a record high above USD2,450 an ounce earlier Monday. The precious metal was quoted at USD2,439.50 an ounce against USD2,407.63.

On the back of higher gold prices, gold miner Fresnillo rose 4.5%. It was the best FTSE 100 performer of the morning.

Investors this week are eyeing Wednesday inflation reading for the UK. It is expected to show that the rate of consumer price inflation moderated markedly to 2.1% in April, from 3.2% in March, according to FXStreet cited consensus.

If the reading comes in in line with expectations, hopes for an interest rate cut from the BoE will climb

Notice all the ID'S that were relentlessly spamming the BB last week 24/7 and over the weekend have all closed their ID'S down.

No doubt mopping up cheap stock whilst trying to get others to sell.

Disgraceful practice... and just like that,.. they've vanished now that they have got their cheap buy in.

If you look at what has been happening over in the US with the recent rises in copper price many of the contract holders have been requesting delivery.

This has led to copper prices trading at a premium in New York as there are genuine constraints on the supply side.

If Markets start requesting delivery for Silver contracts things are about to get very interesting.

I think with the former 'paper handlers' having loaded up on contracts on the low they were always likely to switch up the narrative once the direction of travel in the PM's market became clear with all the global Central Bank buying

Interrest ratrs are set to move into the

Goldilocks zone.

Characteristics of a Goldilocks economy

In detail,

A Goldilocks economy exhibits:

Low unemployment:

Maintaining a U3 unemployment rate between 5% and 6.7%.

Asset price inflation: An increase in the prices of various assets, including stocks and real estate.

Low market interest rates: Influenced by the overnight rate set by the central bank.

Low inflation: Measured by consumer and producer price indices.

Steady GDP growth: A key indicator of economic health.

@bonkers

If Silver is designated as a Critical Metal in both the USA & Canada as the Majors are pushing for - we will see some explosive price moves.

As discussed the route back up to 1000p+ from here for FRES in 2024.

Overlay the 5 year Silver chart ( which is now in breakout territory ) and FRES 5yr chart

FRES is a screaming buy down at these levels

1000p will be seen with Silver over $30

Significant SP headroom above 1000p+ in the scenario where metals prices push on from the present levels.

GLA

Lloyds trading on a P/E of just 7

Whilst it's US counterparts trade on an average P/E of 14

Plenty of catching up to do for the SP here.

Goldman sachs are now considering $100 Silver target

Keith Neumeyer is calling it a lot higher over time

Sipver above $30 is sufficient for FRES to re-rate back to 1000p

Signal Update

Our system’s recommendation today is to STAY LONG.

The previous BUY signal was issued on 15/04/2024, 32 days ago, when the stock price was 51.16. Since then LLOY.L has risen by +8.52%.

Market Outlook

The bulls are in full control.

The current price is quite distant from the confirmation level, so the probability of a bearish confirmation is very low. Besides, the signal is suggesting to STAY LONG.

It is best to follow the signal and continue to hold this security.

"Combining the expertise and the networks of the two banks might well create a genuine global competitor to the American and Chinese giants.

,15 years on from the financial crisis, all of the UK banks are in far better financial shape than they have been for a generation or more.'"

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The best thing about it is those that consistently fail to comprehend the principles of a rear view window P/E.

It's been explained already that most of the biggest silver miners in the world didn't even have a stated P/E for last years earnings as they were loss making.

Fres was specifically name checked by Rick rule in a recent sprot investors call as best in class.

The concept of P/E moving on a inverse correlation basis had to be spelt out to a similar class dunce over on ANTO last year.

Since then the price has rocketed over 100%+ and they still don't get it?

There was another dunce on here earlier this week, maybe they have figured it out, maybe not.

Of course they don't / can't comprehend these principles as you need a modicum of intelligence to understand that non reoccuring sunk costs expended in a prior year (such as costs of bringing a new mine in) impacting bottom line earnings for that historic period suddenly pivots when the underlying commodity price has risen & its not just sales revenue that will increase moving forwards with a dramatic positive future impact on GPM & NPM but that the inventory held dramatically re-rates in Value.

The above basic principles should be fairly simple to grasp.

However, I will spell out for one last time the crucial bit that is generally lost by many is the dramatic impact upon the assets NPV when you get the duel impact of rapidly rising commodity values combined with the prospect of future falling interest rates. The NPV calcs literally go vertical as the cut off grades can be sharpened up, previously uneconomical zones rated as nil value suddenly become highly profitable and literally billions of hidden reserve can be unlocked on the balance sheet leading to significant upward re-valuations in SP.