Member Info for Supercharger

Strong Buy!! We should respond to this Gold price already moving up strong!! Great news for Precious metals miners particularly Centamin. IMHO.

Well done Carvegyber it looks like the market is working as we have expected for future growth potential.
When one reads the words of the report as we have said 2020 is a good year and 2021 will be one for significant growth. When we look at the World at the moment the Gold and Silver prices are rising significantly and Fresnillo is one Company that will benefit from both Silver and Gold rising. A good place here to be for growth -strong buy in my opinion!!

i would suggest a wide range Precious metals account and for the future in a developing market there is a place for Fresnillo. In fact as someone recently said to me even though the Hoc results were very good they do not produce Gold as well as Silver like Fresnillo does. The stock market appears to rate and price according to future growth potential and obviously when reading between the lines this has potential to move up. There is still a very place for this share in ones account particularly where they will still benefit from new mine openings (from the next qtr) and rising Gold as well as Silver prices. Not many other miners can say that.

The last year has not been as good as we hoped-However they have announced improvements and another mine I know is opening soon and 2020 will be an improvement. So looking forward things are going to be better for 2020 with then also saying a significant improvement in 2021. The relationship they have with the Mexican Govt is very good too and so we must see this a being a very good share for recovery in the 1-2 year term (which being honest most astute investors will see a short term.

Mr Brown sold the BOE Gold when too cheap and the Cons will probably buy it back when dear. However I feel it a great hedge here against World events. If those who sold Gold last week have made a bit on shares they will come back into the yellow stuff later and wait for the next event . I understand from my VET a Coronavirus is not a rare thing it has been around for some time in one form or another. More people die from general flu than the current virus hitting all of the headlines.

Yes a lot to watch at the moment including the currency play. I see the USD was down against the CAD which will help us if the CAD gathers strength. We could do with GBP falling too if we want to sell. However we have one divi coming as of last week ex-divi for 7 cents and we are still owed for our Acacia minority interests.

Hopefully we will have more news on the new mine and that it is ready "excuse the pun" to Rock n roll!!

Fingers crossed chaps for later today!!!

Not only in cutting rates. but they might need more of the precious metals to sell later to print more money!!
If results are coming they cannot be bad at these Heady precious metal prices surely. Would not be surprised even if we see an additional announcement that another miner is interested in a merger here too. What with consolidation being the flavour of the day for the precious metal miners.

Where else is there to invest in shares at the moment apart from the precious metals? i.e. Industrials will/have taken a hit. Travel firms a real hit, airlines too (as expected), the only reason Gold sold off was most likely for those holding Gold to buy into shares thinking in some way this was a short lived drop in shares well they are wrong the market today is still falling (apart from the Precious metals generally). It seems the virus is spreading and will more than likely continue. I am staying well put here and my other miners. There's no point in sitting on cash either as it does not pay interest. Here we get good divis.

Looks like the Central banks will help us too.

Silver is also up 19.21% in GBP and 16.41% as I write at 11.54pm.
Again I would have taken this a year ago. - I am not worried about this share at all.

Some may not have held many Equities but may have held hard Gold.
If they did now is the time to sell Gold and to buy all the shares that have taken a big hit. i.e. Travel Companies, Cruise liners, Aircraft carriers, even Mastercard have issued a profit warning forecast. Who knows if we will fall Monday, we might even rise back up -no one knows. Remember the investing houses hold Gold as well as Equities and so do Govts/ with China being the largest buyer of Gold over the past year. So if they wanted to print more currency they might sell Gold. Gold is still up tonight as I look at goldprice org tonight for the yr at over 26% in Usd BUT 29% in GBP if one looks. I would have taken this at the start of last year. We all just have to wait no one actually loses any money if they do not sell, may as well wait for the tasty divis due.

I always try and look at this as positively as I can. I think all those who planned holidays to italy or cruises should just spend their money on buying their loved ones something in Gold such as a nice Gold chain keep sake before the Gold price goes up again. There you go I am feeling better already. When 300 Billions people are back out shopping the price of Gold will rise -we just have to be patient. Try not to worry and all have a good weekend. Next week may bring better news even Norwich City won tonight so miracles can happen!!

I suppose if I only held hard Gold or Silver and the stock market crashed I would sell my own precious metals and fill my boots with decent shares that have taken a short term hit in the last week. However once the shares have come back after I had sold my precious metals I would then go straight back in and wait for the next World crises. So we all just have to wait. No problem all this is just cyclical trading IMHO. The buyers will be back - we just do not know when?

I bought Gold miners as a Hedge against various Political problems and a World crises but I am now starting to look at the problem we currently have as a cyclical one. An alternative view could be :- If you held hard Gold and the stock market equities fell from the sky I think I would sell my Hard Metal and buy as many of the decent Quality shares that have taken a big hit as I good. This is not gambling at all. When they came back up I would come back into hard precious metals again and wait for the next world crises. I have never thought about this before but it would work. The Gold buyers will be back but we just do not know when. All this is Cyclical but not necessarily a Gamble, think about it.

The trading for Fres results will already have been done and included in their results which we must expect to be very good looking at Hochschild and other Miners. I will be patient like many others on here where sound words are already said.
I will add :-
I suppose if I only held hard Gold or Silver and the stock market crashed I would sell my own precious metals and fill my boots with decent shares that have taken a short term hit in the last week. However once the shares have come back after I had sold my precious metals I would then go straight back in and re-purchase waiting for the next World crises. So we all just have to wait. No problem all this is just cyclical trading IMHO. The buyers will be back - we just do not know when?

Man on the train needs to also look at GBP Gold is now 29% up on the same time last year. I see GBP profits increasing particularly if Gold has been mined and is converted into Sterling on the books.
This whole situation suits the dealers and traders I am not panicking at all in fact most fund managers are looking at this as a great time to make money. The recovery will be so quick most will miss it IMHO. I do not need the money invested and I will wait. In fact I may even come out of some of my financials and come in here with more as more and more see World Central Banks cutting rates.

Gold and Silver are still well up on the year. I just looked at the Silver price and year on year it is still up 19.21% in GBP and over 16.41% in USD. This will have a beneficial effect. I see this as a panic sell rather than any detriment to Fres. I am certainly not selling I am waiting to buy, but if the Fed cuts rate even in the short term to buy this share might be too late.

Someone will find a cure to the virus soon I am sure. All the universities and his dog must be working on it. This type of virus has been around for years according to my vet!! Just the type of strain is different. When the market recovers it will be fast I remember when the World trade center disaster took place within a couple of weeks the market had recovered. I am sitting on my hands waiting for direction, I am certainly not needing to sell and will not panic like many others must have.

I remember when the World trade center terrorism hit the crash and then after a couple of weeks the stock charts had recovered. Sooner or later someone will come up with a way to treat the virus I am sure.