The major Elliot Wave pattern suggests price will reach all time highs in the next gold bull market / cycle. I believe it is due and Fresnillo has probably bottomed.
There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo a little lower first but I think we are close enough to a bottom now that it is not worth the risk of that not happening.
I think it is a good opportunity to sell some stocks and buy Gold and Silver mining companies, it offers a lot of portfolio protection when the stock market crashes which is a good possibility to happen with 24months.
There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo a little lower first but I think we are close enough to a bottom now that it is not worth the risk of that not happening.
I think it is a good opportunity to sell some stocks and buy Gold and Silver mining companies, it offers a lot of portfolio protection when the stock market crashes which is a good possibility to happen with 24months.