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Today we have Silver up 74% on the year and are likely to get tomorrow off to a very good start and one or two are worried about election results for a new Govt that cannot be sworn in by 28th July in Peru!
By which time there more than enough time for Hochschild to check with their corporate insurance broker that they have all the necessary Political risk insurances in place to protect the directors and shareholders if so required and to protect the signed business contracts they have in place. I have a feeling any new govt will not want to upset a company that also has majority interests in Argentina. The Peruvian govt will also need to look at al the good HOC provided in the Country and I understand the current leader in the polls is actually a teacher and well educated man who will have a liberal mindset that his training will have provided and also what Hochschild actually help them provide! In fact they may even encourage further exploration and mining to raise additional funds!

As you say chaps hopefully a better week for all the precious metal miners.
Reports were all over bloomberg over the weekend that fund managers are coming around to the fact the miners might actually be far profitable this year on rising prices, and also that the rich Americans are rushing for their precious metals ETF's which will help sustain the price rises. I do not believe Hedge find managers will bet against Gold especially when they are buying in to and have already sold some very lucrative deals for the miners (did you all read the last HOC report). The prices being offered look good to me and so some will be expecting the market pries to rise up from here in fact. It will be good to get the week off to a good start. Usd falling to will help Gold.

We could have the start of a good week tomorrow.
Keep positive! Good luck one and all.

We could see Fresnillo recover some recent lost ground today, as Markets evaluate their gains on other stocks against those that need support.
Looking at the past 3 years chart I see Fresnillo annually recovers now up until the actual financial results are released in July and it is not unusual to see this share move back up to £12 a share.
Fresnillo web " fresnilloplc.com " very informative by the way!
I must say I was not aware of all of the "nano" uses for Silver and Gold especially in the cleaning of medical equipment and for testing-a good read!

Silver down today 1% at the moment but it is actually going up more year on year when compared to last years figures, as today Silver is up now 75.84% and so that will translate into a very nice earnings figure based on increasing production results. Great investment here (just like Fres) this share is likely to grow significantly. No doubt Silver and Gold are used in the chip industry too where there are shortages. Looking forward to seeing the Silver trades in May price their orders soon!

GBP was up against the USD for today but is now down. Precious metals were up, then down now coming back. It is just a matter of time before this share turns as even though Silver as an example is down 1% today it is actually up further year on year and compared to last year is now up an incredible 75.84%. Soon traders will work out that on the production figures issued yesterday income is going to be significantly higher. The same for the other silver miners such as Hoch.

Gold and Silver already up overnight - Mr Biden speaks at 2.00am so if the East receive this well we should get off to a very good start in the morning.
As my Japanese client has told me - very good things come to those who wait after a long sleep. Well hopefully we can wake up in the morning to some better news! I actually like many others on here see this share as a great investment and a great recovery stock and what is rare is they are paying a very well supported and funded dividend. Fund Managers will see this soon too.

I see as London has closed how the buying of Silver and Gold intensified in World Markets. ie. Silver now back over USD26 oz and Gold Usd1775 and at this rate the commodity prices will have already levelled out for today, but it all came too late for the FTSE.
So as we have been tracking the commodity price all day we hope tomorrow we will return in favour-lets see.

Great I think I will buy some more! I expect commodities to come up later after Mr Biden has spoken and we will recover tomorrow as in line with most shares that are lower on one day they rise the next day. Most day traders then say "oh I wish I had bought them yesterday! - cheers!

For most avge middle and lower earners tax cuts to be announced later. Only CGT increases for the most wealthiest. This will help drive the US economy into action. Expect inflation too. I am sure the precious metals prices will react later without any intervention required from the Miners themselves!

For most avge middle and lower earners tax cuts to be announced later. Only CGT increases for the most wealthiest. This will help drive the US economy into action. Expect inflation too. I am sure the precious metals prices will react later without any intervention required from the Miners themselves!

For most avge middle and lower earners tax cuts to be announced later. Only CGT increases for the most wealthiest. This will help drive the US economy into action. Expect inflation too. I am sure the precious metals prices will react later without any intervention required from the Miners themselves!

90 daily avge 1.7m current trading today 1m. 5 HRS TRADING 1M shares. I.E. 200/- PER HR, 3.5 HRS TO GO X 200/- = 700/-
So todays trading is actually no different to an avge day.
Keep trying but lets see what happens later after the Fed has spoken?

Well some may have not realized all Fresnillo have released are production figures, which I feel are actually quite good and as they have said totally in line. If they factored in the current commodity price rises on last year than perhaps the profitability would have been clearly for some to understand. However the longer the wait stocks such as Airlines and Travel companies do worry me as they have needed to borrow so much from the banks they cannot continue as they are. If they scrimp on the servicing of aircraft when aircraft need it most after hard standing for so long we could be in for some serious aviation losses. Better off to buy the other arf a nice Gold necklace or Silver Tankard and stay in the Garden Tent!

In my opinion it is far better to buy into the Worlds largest Silver miner and the biggest Mexican Gold miner who also mine large amounts of lead and zinc, than paying someone else or a vault to hold hard metal or unhonoured paper, and pay costs for insurance and security myself. It is well known that as the recovery comes back particularly with Green energies needs for solar panels (where Frenillo have said that 10% of all sales are made on Silver) that prices are not going to suddenly fall out of the sky. At a time when most miners including Centamin, Hochschild and Fres have growing USD's in their banks some to the tune of many hundreds of Millions of USD's (and paying good divis) that they are in fact a safer bet than most Airlines, and travel Companies that for at least 2 to 5 years will be paying off debts accumulated in the Pandemic. I am sure most will work this one out for themselves rather than listen to day traders that want a cheaper entry price. Who suddenly will be poacher turned game keeper when they actually own or hold any shares hereon!

EU being pressed by France on Stimuli as they get left behind the USA, China and even the Uk recovery. Expect more stimuli. Talk also of inflation rising in the states as Mr Powell allows it to rise over 2% for growth. Expect more of the same from the R.O.W economies too. In the Uk labour attack Boris and if anything is proven re. His choice of wall paper, or the piling up of Coffins expect the GBP to fall. I see higher Gold/Silver prices and a potential GBP fall. Also as some have said already the recovery for our precious metal miners is underway and will show real gains over last years closures in the next few months! Great place to be here than many other shares that have already come back strong as day traders will soon take their profits.

Gold is up and very good figures at that. Silver income should be up as production is only slightly down yr on yr at 4.5% but of more interest is the Silver price which is 0now up over 71% year on year. This will actually mean increased Income!!! Sorry to disappoint the doom merchants.

The headline must be the Gold production which was up by 15.90% on last year at 228,193 oz produced for the last QTR and that at a time of a very high commodity price for the Gold metal at that (not referred to by them suggesting an under play in results). Where'as Silver was ok but down 5.6% on last year, Silver steam was up a whopping 16.90%. Lead and Zinc were also up on the same QTR last year by 10% & 14% respectively, despite them saying production over the last QTR was down. So in my own opinion all things considered a quite good set of results and for the Gold results they are actually quite superb and Barrick must be watching them now to be honest with interest!

See a great opportunity here, as the Fed talking later will allow inflation to run a steaming economy. Growth is in the air, and expect Centamin to announce soon further detail of its West African projects!
Apologies for the itchy trigger finger with my earlier post!

See a great opportunity here, as the Fed talking later will allow inflation to run a steaming economy. Growth is in the air, and expect Centamin to announce soon further detail of its West African projects!