I have this on my watchlist. Is this stock dying (maybe because of the Mexican uncertainty from November), or will it find support at the trendline around £7?

Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed

Coming soon to a social network near you: selfie admirers on Instagram will be transacting in FaceBucks.

Gentlemen I can confidently confirm the bull market in crypto has begun anew - I hope you all have accumulated at least some percentage of your net worth in crypto otherwise be prepared to pay rapidly rising prices.

Strong W-shaped bottoms in Bitcoin and Ethereum confirm the new bull market.

Last critical line in the sand for ETH is $200. Constantinople upgrade coming in 5 days should see this happen. Buy the rumour as always.

The weak hands are shook out - seems to confirm a move back into 2.2. From there could get stuck unless gold surges again.

Also how is the correlation with First Majestic AG?

Probably enough time to the end of the month to break 2.00 resistance. Might end up congested at 2.20 unless gold keeps plowing through and breaks 1367 resistance.

JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

Will this stablecoin also run on Ethereum like USDC and Gemini Dollar?

Really surprised if this won't bust 1.82 resistance today given the robust gold price. 

The main alts (litecoin, Ethereum and bcash) have made a good leg up today. Here's hoping they stay up.

Bitcoin ETF is Coming: Hopeful US SEC Chief Says Approval Only a Matter of Time

Buy the rumor...

Seriously nice work here. Showing how it should be done. I will follow in future for oil related trading.

===== TOP of Page charts > added by DrBubb, in edit:

OIH / Oil Service ... All-Data : 10yr : 5yr : 2yr : 6mo - 10d / YE'18-update / Last: $14.03 / YrL: $13.13, H: $29.86

---> vs. components: 6mo Top5 : nxt5 : drlr : oth : bells o uo/ 10d Top5 : nxt5 : drlr : oth : bells o uo : bats :

OIH etc ... 10d : Daily from 6.19 : Updated 1/04 $15.19 / prior charts: #1, 2, 3, 4...

I may be influenced by my long position, but the fundamentals behind Ethereum are not too bad. In fact, even with Bitcoin there have been announcements around futures and custody such as Baakt and Fidelity. So, not all doom and gloom, but this could be an instance where the market remains irrational longer than you can remain solvent.

https://www.ccn.com/final-testing-phase-fidelity-nears-launch-of-cryptocurrency-trading-custody-platform/

6 minutes ago, jerpy said:

I’m waiting a bit longer but getting twitchy to jump back in.

I agree that the stock doesn't inspire confidence, but at the same time gold looks like it's proving itself so this will be a long term hold.

I lent a hand to this today by buying half of my intended position. If it drops more I will acquire the other half.

I wasn't planning on letting mine go at $4, but might make sense if you have got alot.

pg10 / Yr.End 12/31: C$2.82 - at $1281 Gold price (0.22%), C$Gold was C$1715 (0.164%)

Update: 1/16/19:  C$3.46 +22.7% in 2019 / 1-yr. Vs 200d : 377d.ma : 610d : 987d. : Mkt.Depth : SH-gcm :

Date------- : GCM.t: CAD$: $Price: ShOS MktVal : 8%-Debs: Date: Cash: EntVal. / $Gold : OZ's/ Prd. years.: 221wtx12.2M
08/10/18: $2.44 x.761= $1.857 48.2M $89.5M: $98.0M: Est.: $28.0: $159.5M /$1219: 131k/200: 0.660: $0.23=$2.81M
10/02/18: $2.40 x.780= $1.872 48.2M $90.2M: $93.1M: Est.: $28.0: $155.3M /$1204: 129k/212: 0.609: $0.19=$2.31M
12/31/18: $2.82 x.733= $2.067 48.2M $99.6M: $83.4M: 12/31 $29? $154.0M /$1281: 120k/217: 0.554: $0.61=$7.44M
01/03/19: $3.18 x.741= $2.356 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1295: 129k/217: 0.594: $0.97=$11.8M
01/04/19: $3.15 x.747= $2.353 48.2M $113.M: $83.4M: 12/31 $29? $167.0M /$1284: 130k/217: 0.599: $0.94=$11.5M
=========

Looks like rocket boosters have engaged on this one

Your biggest position DrB, must be absolutely thrilled.

One week later, and we are almost to the £1000 target. Currently £992.

Gold to sterling heading against resistance. May's government is about to fall, gold will not fail this time. £1000 oz by Christmas.

Looks bullish af time for it to mooon

What do you think of the Mexico uncertainty around the new President?

F*ck. Managed to get out at breakeven.

Fresnillo shares sink 11% on Mexico uncertainty

Shares in London-listed silver miner Fresnillo fell 11 per cent on Thursday amid rising uncertainty about the impact of proposed mining legislation in Mexico. Mexican lawmakers have proposed a series of bills that could restrict mining in the country, as President-elect Andrés Manuel López Obrador prepares to take power next month following his landslide victory in July. This week a member of the president’s Morena party proposed a bill that would require the consent of indigenous communities before granting mining concessions on their land, and allow the Ministry of Economy to revoke mining permits that have what is deemed to be a negative social impact. It is the latest in a total of 11 bills presented to Congress that could impact mining, according to analysts at Morgan Stanley. Investors have grown increasingly concerned about what the leftwing president will do with his election mandate when in office. The country’s benchmark IPC index has fallen by 16 per cent year-to-date. The proposed bills, if passed, would have an 11 per cent impact on earnings per share for Fresnillo, the bank said. It cut its rating on the stock to “Underweight” from “Equal-Weight.” “The increasing number of bills being proposed in Mexico bears potentially negative connotations for the mining industry and thus Fresnillo,” the bank said. Shares in Fresnillo, a member of the FTSE 100, last traded down 11 per cent to 810.8p. 

Looks like sagging played out.

Bought FRES @ 822

Given what I'm hearing it seems there's nothing to do on this stock until it goes up. Probably 5 CAD, but who knows how long that will take?

Clear downward channel on the hourly - looks like should bounce off the lower trendline now.

If we were say, bullish on gold but not so much on silver, would we buy FRES since it is a major gold producer, although its mainly known as the top silver miner?

I like diversifying into a cheap UK miner w/ dividend but am ambivalent about the fact that if silver underperforms, FRES could sag in the meantime.

Also the long-term downtrend appears to indicate support around £7.40, which is why I'm mostly waiting patiently for proper capitulation, after the euphoric buying week of 22 Oct.

GRAN COLOMBIA GOLD ANNOUNCES UPGRADE FROM FITCH RATINGS TO B; OUTLOOK STABLE

Fitch Ratings has upgraded Gran Colombia Gold Corp. to B from B minus with a stable outlook. In its commentary regarding the rating action, Fitch Ratings stated that the upgrade reflects Gran Colombia's successful refinancing of its 2020 and 2024 debentures through its $98-million (U.S.) senior secured gold-linked notes due 2024, the settlement of its 2018 debentures with shares, and the enhanced mine plan at its Segovia operations focused on cost reductions and high-grade orebodies which are driving cash flow generation. The removal of the sinking funds, which captured essentially 100 per cent of Gran Colombia's excess cash flow under its previous senior debentures, has allowed Gran Colombia to improve its liquidity position, which has enabled the company to invest in its business and conduct drilling programs in its Segovia operations in order to optimize its mining plan. Additional information with respect to this rating may be found on Fitch Ratings' website.

...and yet the stock doesn't move. LOL