casabanker
19 Dec 2016
Re: Gold in a bear market? Money Week is expecting silver to bounce back in 2017. Donald Trump's reflation package is expected to be inflationary. Since 1970, US inflation has risen over 500% and in that time silver has risen over 1000%. So it's a good idea to have some exposure to silver in inflationary times. In addition, the amount of silver mined is falling while demand for items such as solar panels is increasing substantially. Any bouts of uncertainty and investor nervousness next year will no doubt give silver and gold prices a filip. The other headline is "Mr Draghi will save us". Casa.
rhino666
19 Dec 2016
Re: Gold in a bear market? Yes I can remember those days sitting on FRES at £6 - 7 - didn't feel like it was ever going to end. Of course with hindsight I should have topped up but sitting on a loss so............well you know how it is.Current situation with FRES not helped by the silver price either which characteristically appears to have mirrored gold.Copper is also trending down, now around 6% in 2 weeks so my ANTO taking a hammering.This is where a balanced portfolio makes entire sense
casabanker
16 Dec 2016
Re: Gold in a bear market? Hello rhino,I've never been lucky with trading. I have been patient though and frustrated. I bought FRES around the 900 mark some time ago. I topped up and reduced the average to just below 800. I then suffered months of sub 700 and 600 before it broke out. Yes I will wait but we may see more downside first. If it drops to sub 700 again, the house will have to go on it..... well maybe the shed.Casa.
rhino666
15 Dec 2016
Re: Gold in a bear market? Hi CasaGold has dropped almost 9% in a month - surely this cannot continue?Fres profits and share price react disproportionately as valued on profit which will have reduced far more than the 9%.The positive side to this is that the company has been here before and far worse, weathering the storm. I was a holder at around £6 for months before the meteoric recovery prompted me to sell at the wrong time.Patience my friend - this will recover and recover quickly, it is just a matter of when.My advice is to forget it for a while unless you have the stomach to trade the volatility.
casabanker
15 Dec 2016
Gold in a bear market? It seems that since the election of Mr Trump, economic direction has changed. Yet world debt has never been higher; the eurozone is still in crisis; inflation is back; productivity is not improving; loose monetary policy is still around and uncertainty is common. So is gold in a bear market? The TA analysts think so but, although my recent purchase of FRES shares are at a loss, I am not selling. I still think there will be a correction if not a full blown financial collapse. It's just hard to say when it wil happen. If there is another banking collapse, it will happen suddenly and there will be no time to buy precious metals even if they are available at that point. In the meantime, it just means that I am over insured, lol.Casa.
LINTON5
13 Dec 2016
Fresco squad I'm in as from today won't touch my buy till xmas 2017 and see we're we are then GLA
sasa43
23 Nov 2016
Re: High beta is our FRES... Echo that, casa, given their busted banks as well and beyond that, the French, Dutch & German elections next year - could be a bracing time for the EU - never mind us Brits & Brexit! - sasa.
casabanker
23 Nov 2016
Re: High beta is our FRES... ~The thought that the election of Donald Trump might well make precious metal prices continue to spike up, has not continued. If anything, they have slumped. I will look to Italy and its forthcoming referendum on the 4th of December to provide some impetus. Get ready for another EU summit complete with the standard banquet. ~Casa.
sasa43
16 Nov 2016
High beta is our FRES... Well, you certainly can't label FRES as a pedestrian stock!Since the surprising Trump result, the sp retreat has mirrored the AG decline (understandable, I suppose) but has fallen twice as much as AU has backed off. Given FRES is almost a 50 / 50 gold & silver producer these days, that seems a bit overdone to me.Although the java chart isn't that encouraging at the mo (I'm no chartist, though) a rebound could be close now and when it does move, it does so quickly; hence am considering adding to my position, too, while the sp is relatively lack-lustre, fwiw........sasa.
rhino666
14 Nov 2016
Re: Bought more today Hi CasaIn my opinion there may be short term pain but this share will recover quickly. Obviously difficult to call the bottom at the moment with gold and silver continuing to fall and the political situation. The Peso fall against the dollar initially appeared to be factored in but seems to have been lost in the bullion price fall.I was tempted to buy again today but having sold at £10 and missed out on the meteoric rise that followed as well as a large percentage already invested in ANTO and GLEN, resisted the urge.Interesting times ahead - investment in the stock market at this moment is not for the faint hearted.Good luckRhino
casabanker
14 Nov 2016
Re: Bought more today Hello sasa and rhino,I have jumped in a little too quickly but I am comfortable in my decision. My leaning towards precious metal stocks and ETF's has been punished in the last week. I cannot help but feel that this has presented a good buying opportunity. Mr Trump's election victory seems to be worrying the EU. The EU has plenty to worry about imo. Italy has a referendum in December over changes to their Parliament .If the government loses, Mr Renzi will resign (he says) and that will leave the way open to populists that want Italy to ditch the Euro. If that happens or the Italian banks default, Brexit will be a sideshow. I am expecting inflation to rise in the UK due to the fall in the gbp and if Mr Trump turns to fiscal policy and invests heavily in new infrastructure as promised, look out for inflation in the US too. The bond market looks at serious risk next year. This will no doubt knock on to equities so every chance precious metals will surge. Casa.
sasa43
11 Nov 2016
Re: Bought more today Hi casa - am on the point of doing the same, fwiw...This sell off in AU and AG is classic US Fed activity via issuance of short options to 'help the dollar', regardless of the improving outlook for gold with inflationary pressures building and likely to accelerate once Trump gets going with his huge infrastructure spend.Just added to HGM first with FRES next (can't think the wall building threat is a real risk, more like Trump rhetoric during his campaign to get some headlines etc.,) - sasa.
rhino666
11 Nov 2016
Re: Bought more today Good luck to you casabanker.I used to trade this share but got caught out several times.The last occasion was selling on a big jump at £10 and then watching the share more or less double in price very quickly.After the initial huge rise with Trumps election and the fall of the Peso what has changed? - well nothing apart from a nearly 20% fall in Fres.Lonely over here and nothing much on LSE either.
casabanker
11 Nov 2016
Bought more today Turmoil is the order currently. Precious metals have fallen back but the dollar is weaker and commodities more expesive. If this is "risk on", I cannot see that it will last for long. Trump's promise of infrastructure investment means more expenditure and borrowing. The money will find its way directly into the US economy, spiking inflation, bursting the bond bubble and affecting equities adversely. This is some way down the line as he has to achieve approval from the two Houses. This will be painful but we may have a chance to return to normal interest rates. As always currently, the elephant in the room is the massive debt pile. I see gold and silver investment as a means of insurance. It makes sense for governments to pursue inflation but not hyperinflation, in order to reduce the value of their debt. The problem is once rising inflation is achieved, controlling it is difficult. Too high a rate of inflation will make servicing the debt pile almost impossible. Our financial future is fraught with danger. I don't envy Mr Trump as this is a difficult balancing act. Casa.
Rhigos
09 Nov 2016
Trump and Gold price Shocked to hear on 7AM news that Trump likely to be the next president of US. Brexit all over again.Gold +3.28%. Silver up as well. Some compensation that my precious metal miners may offset some of the inevitable losses on other shares. FTSE 100 futers at 7:30 -3.1% but off low of -3.28% at 4:45 AM.
