Member Info for shareminator

https://www.kitco.com/commentaries/2021-06-18/Wall-Street-smart-money-is-accumulating-physical-silver-ahead-of-new-Basel-III-regulations-and-price-explosion-to-44-an-ounce.html

Carvegyber,

Same here about being loaded.

I agree with you the Feds. Two increase in interest rate by the of 2023, is this the best they could possibly do ? seem very dovish to me too.
The bullions banks probably took this as a lifeline to try to lower as much as possible the price of gold before the end of June when Basel III kicks in Europe.
But still at this metal price there is plenty of profit made by Fres, that should be reflected in share price soon.

Looking at both Hoc and Fres they seemed to be both being affected by the outcome of the recent elections. I suppose in countries where there is a left government in power and where the economy has been hit hard by Covid it would be a no brainer to tax more the only few sources of income like gold and silver miners. However, in Mexico president AMLO who has been in power for the last 3 years and did not put any extra taxes on miners previously and by the way it failed to win super-majority in midterms although kept is majority in the lower house of congress with the support of controversial ally (this last bits taken from an article online).

Mining company make profit from price of gold of around 1200-1300.
Price of gold has been in average above 1840 this year.
Gains will be reflected in the share price sooner or later. This insane valuation of fres vs PM can not last ...

Perma.bear,

not sure what make sense to you...
If you believe that the share price is out of sink with the price of metal then we have the same view, hence my comment with Fres being a fruit and vegetable producer rather than a miner.
if you believe that Fres should be minimum £10+ and is being held back with several of the other gold and or silver miners like HOC, POG, CEY than we have the same view.
if you like the comments of the other two chaps I mentioned in my previous message, then I am afraid we do not have the same view.
ATVB

"871p im excited now!"
"well, usually this forum has a lot of people upbeat with this with SP. look like it's died down. well, I'm hoping too much myself."
LOL what a sad life the two of you have

https://www.zerohedge.com/markets/usd-weak-and-what-could-mean-rest-2021

https://kingworldnews.com/basel-3-regulations-is-a-growing-threat-to-comex/

Bonker,

Is that related to Basel 3 ? I thought that could have been a drive for higher gold / silver price ?

https://shorttracker.co.uk/company/GB00B2QPKJ12/
Millenium has increased their short position by 0.08% a day in the last couple of days.
Given the opposite trend of Fres to PMs today, it would not surprise me to see Millenium having increased their short position to a total of 0.8% tomorrow evening. A few millions share to be bought back in a "short" amount of time

https://shorttracker.co.uk/company/GB00B2QPKJ12/

Do not sell your share and let them burn when Fres will eventually start to move upwards

https://kimblechartingsolutions.com/2021/05/king-dollar-about-to-experience-a-great-fall/

Carvegyber, many thanks for the link of MSCI that you posted a few days ago. It explains the insane trend of Fres vs PMs .

https://m.youtube.com/watch?v=0szKRMCoOpc

Especially second part of interview in my opinion.
Here is link to the first part of the interview

https://m.youtube.com/watch?v=wVa5YI81B1c

Not only there is a disconnect between Fres and Gold and Silver, Fres likely due to shorting of Fres,
but there is also the manipulation of Gold and silver
https://www.silverdoctors.com/gold/gold-news/bullion-bank-pump-n-dump/
Where would we be in a market without PM manipulation and Fres Shorting ?

Carvegyber, the problem is that there is a serious disconnect with the price of gold / silver and Fres. This is likely due to to a combination of low volume as you pointed out in the past and Fres being shorted. You can also see that when some clowns fill the board with messages the shorting operation is in full swing

in March price of Gold reached the lows of $1680 and silver $23.85 Fres around then reach the lowest point of 857
Today price of Gold $1825 and silver around $27 Fres is sitting at 868
Can anyone give any logical explanation ?
Is this share totally independent from PM ?

I am interested to hear your views on the reaction to the CPLie numbers (real inflation is much higher than the one show by those meaningless number). Apart from that:

Higher CPI = Higher inflation = Higher Treasury yields = Should be higher commodities but given the recent silly trend lower commodities or higher commodities as it should be ? = Fres down independently for what ever reason

Low or equal CPI numbers = not higher inflation = Treasury yields drop = Higher commodities = Fres down independently for what ever reason

At end of the day a company with the best hedge against inflation ended up loosing more ground than some of the overinflated stocks in the Nasdaq.

This comes after a previous 15% drop in share price that followed a neutral update and a subsequent partial recovery of the share price.

Eventually investing in here should be rewarding, but at times is incredibly frustrating

We are experiencing moments of madness, people are selling one of the few things that is store of value during high inflation. Just before a report of CPI tomorrow that it will likely show that there is high inflation. Surely this should be the time to dump the overly leveraged Fangs and other sh.t. but retaining the mining companies that dig out the ground real money...