Loading ...Fresnillo has been acting like gold is going to soar.
My little holding in Fresnillo is up another 9.5% today. Yesterday it had its first decent down day for ages and really did not participate in the late May or pre-Brexit gold pullbacks to any extent.
I find that pretty interesting, even if nobody else does!
I am wondering if this a bullish sign for the market in general.
Bullish for Silver for sure
I suggest another way to tag along Fresnillo is to buy MAG. Joint owners of the same orebody
Oh ,might look at that. However I have FRES because I am in UK and have my physical share certificate here … errrrr … maybe here … somewhere.
FRES up 935%, FTSE up 3.5% Rolls Royce up 5.2% and gold up a little (+$11, +0.85%). On a big up day for stocks almost everywhere, as well as HUI up XAU, up, etc. Sounds like an inflation trade to me.
9.5% not 935%! Let’s not be too hasty.