focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I think we will break the 52 week low this March because I believe gold is heading below 1130 bucks and will take silver down with it. At which point I think it is a coin toss whether you buy FRES or something like GDXJ for any possible bounce. DYOR. Not advice.
Short of some major international crisis I think we are heading back down in the price of gold and silver personally. Would not surprise me to see below $1130 in gold before the end of March and I thin FRES will get closer to £7.00
Yeah, I know - I just read the headlines on a US financial site very early in the morning when I was more asleep than awake. The headlines were wrong. Oh dear. No, it looks like the likes of RIO,BLT, FRES, RANDGOLD, etc, etc, are tied into the oil price and the general fall in commodities - could have quite a way to go down yet especially as it is now tax-loss selling in the US. Must not post things when I am half asleep.
I listened to him on Radio 4 this morning and personally I was not impressed with what he said. Of course, in time, he may turn out to be the best UK CEO ever. Maybe. But listening to him this morning did not enthuse me to rush out and shop at SBRY let alone buy shares.
I think it will be a dire Christmas for retailers - already there are loads of sales and lots of flash sales online from the likes of M&S, Debenhams, etc, etc. I can see things getting a lot worse for the big 3 supermarkets - TSCO, SBRY and MRW - this winter. I hear that Aldi's biggest problem now is keeping their stores supplied such is the increase in shoppers.