Highland Gold Mining Ld Share Discussion Threads

[srpactive] 11/11/2016 08:36

Good heavens whats going on here.

dyor

[uknighted] 09/11/2016 09:40

srp nothing new there then.

[11023154] 09/11/2016 09:35

Ready to fly

[srpactive] 09/11/2016 09:30

Yes agree, hgm should be 200p before long.

dyor

regards

active

[miamisteve] 09/11/2016 09:29

Big rerate to come with Trump win. Improved geopolitical outlook and gold prices.

[srpactive] 07/11/2016 08:50

Morning, I have heard many times that just because gold
goes down, miners follow, generally the opposite happens
if the gld price overall is rising. If you think about it it does make sense.
If gold is going higher in general, this will feed through to profits
in about six months time, so any blip along the way will
just encourage more buying ( as I am ) as profits will be based
on $1300 rather than $1050.

dyor

regards

active

[dilbert dogbreadth] 07/11/2016 08:47

Gold up this down, gold down this up. Has it been tipped anywhere over the weekend

[shayadfn] 05/11/2016 10:05

I think we'll have a high degree of volatility over the next few days, the market is viewing the election in a binary issue for gold (which I think is wrong), there are a lot of issues in the global economy which would be a good long term hold for gold. But markets can only deal with one issue at a time, possibly like most men (one track mind).

[srpactive] 04/11/2016 22:05

Two consecutive closes above $1300, should move higher now.

dyor

regards

active

[edjge2] 04/11/2016 19:03

Probably should have switched some to here below 150.
result readiness?
hxxp://www.moneyandmarkets.com/rising-social-anxiety-record-gun-sales-tell-us-82687

HGM habitually drops fast then rebounds fast but production is first hiccup in a couple of years.

[edjge2] 04/11/2016 19:01

Likely more clinton negative stuff to surface before election
might have Guy Fawkes over there too
hxxp://www.naturalnews.com/055146_social_chaos_election_results_popular_revolt.html

[wilco1000] 04/11/2016 17:08

I'd rather gold was up and share price was down than vice versa

[srpactive] 04/11/2016 16:14

We should be around the 165p mark, so mis-priced.

dyor

[srpactive] 04/11/2016 15:11

Hgm share price 151p when gold $1270

Hgm share price 148.75p when gold $1302.

I think mm's trying to trigger stops before US election.

dyor

regards

active

[breaktwister] 04/11/2016 14:34

Fangorn, you are correct. all curriencies are worthless and will continue to be unless backed by gold silver or something else. Wall of cards due to collapse at some point, when is anyones guess.

[breaktwister] 04/11/2016 14:32

Down 12% in two days, why? Cos GBP has had a small upwards movement? Cos folks are worried about debt? Doesnt make sense to me. Ive added at these prices.

[fangorn2] 04/11/2016 14:09

Indeed world financial system is going down the pan fast...Deutsche just the tip of the iceberg. US banks have some $247trillion in derivatives exposure.

US national Debt

$19.9 trillion




UK National Debt

£1.77trillion and rising.....



The truth however is much worse, factoring in all liabilities including state and public sector pensions, the real national debt is closer to £4.8 trillion, some £78,000 for every person in the UK.

Japan National Debt

Y930.19 trillion yen




EU national debt

E12.48 trillion




Hands up who thinks this is

1) Sustainable
2) Thinks we can solve a debt crisis by taking on even more debt

Gold is the play - assuming it doesnt get confiscated (as it has been before eg USA)

[srpactive] 04/11/2016 13:31

Thank you.

[chipperfrd] 04/11/2016 13:30

It is hugely undervalued - and whoever gets in won't change the insolvency of the financial system - so UP!

[srpactive] 04/11/2016 13:27

Chip

So where do you see gold this time next week, on whoever gets in
the US?

[chipperfrd] 04/11/2016 13:18

Hi DD,

Yes, that is the way it has worked for decades and especially since 2012.

But this time there is a 'pesky' physical market (SGE) which creates an arbitrage opportunity between the physical price and the artificial paper price. So they don't have it all their own way any more.

It remains to be seen if they will finally lose control of the AU/Ag price this time or not, so interesting time ahead!

Note that the CME has already reacted by raising margin requirements which may cause some of the weaker longs to bailout. I expect further margin hikes are very likely.
Chip

[srpactive] 04/11/2016 13:14

Chip

Yes you are probably correct, but I am just being
a little conservative, now if we can get gold
to close above $1365 gold, well worth 200 - 210p,
of not 250p.

dyor

regards

active

[dilbert dogbreadth] 04/11/2016 13:13

That normally means them hitting the price of gold to force those long to close at a loss doesn't it?

[chipperfrd] 04/11/2016 13:10

People need to be aware that the Open Interest on the Dec16 COMEX gold contract is still exceedingly high at 375,079 100oz contracts. That equates to 1,166 tonnes of paper gold.

That contract expires at the end of November - so just 18 trading days. Then it becomes deliverable - which is obviously impossible!

To get it down to zero (Dec15 contract delivered only 10.52 tonnes) it would require an average of 64.8 tonnes of Open Interest (ie contract cancellation) to occur EVERY TRADING DAY this month. So this is quite a big deal!

Total deliveries on outstanding contracts so far this year have been 187.86 tonnes. Last year the total for the year was 50.44 tonnes.

Similar situation on the Dec16 5000 oz silver contract. Current Open Interest is 20,956 tonnes for goodness sake!! That requires 1,164 tonnes per day to be cancelled by short covering/long liquidation, which seems a big ask.

So expect some big developments in the paper gold/silver markets this month!
Chip

[chipperfrd] 04/11/2016 13:08

active,

I make it a bit more than that! Today has been a good top-up opportunity.
Chip