Highland Gold Mining Ld Share Discussion Threads

[loganair] 25/11/2016 10:17

Putin "Buys The Dip" - Russia's Gold Buying In October Largest This Millenium by Tyler Durden:

Russia gold buying accelerated in October with the Russian central bank buying a very large 48 metric tonnes or 1.3 million ounces of gold bullion.

This is the largest addition of gold to the Russian monetary reserves since 1998 and could be seen as a parting 'gift' by Putin to his rival ex-President Obama.

Commerzbank went with the simple explanation - “Clearly the central bank was taking advantage of the stronger ruble – which has made gold cheaper in local currency – to buy more gold.”

However, the Russian Central Bank has quietly been buying huge volumes of gold over the last 10 years. This diversification into gold accelerated since the financial crisis and since relations with the U.S. deteriorated in recent years. Russia bought gold systematically both when the ruble was strong and when it was weak.

In 2015, Russia added a record 208 tons of gold to her reserves compared with 172 tons for 2014.

Total gold mining production globally is around 3,200 metric tonnes per year. Thus, Russia's purchase of 48 metric tonnes is around 1.5% of total annual global gold production. This is a very large amount for one country to buy in just one month.

The Russian central bank is buying all of Russian gold production currently at about 26 metric tonnes per month and sometimes buying gold on the international market.

If Russia is doing this not to weaken an aggressive US presidency, then we would guess that their reasoning in purchasing so much gold so fast is to hedge/replace their bond holdings. It would be a logical move as bond yields rising lower the value of existing bond-holdings - and Russia holds a lot of bonds. With the massive rise in bond yields in November, we would expect Russia to purchase even MORE gold in November.

if we continue to see this large buying from Russia moving forward, then this was about putting central bank assets into gold as an alternative to bonds and to avoid some of the bloodbath that bond investors are seeing right now as yields are rising. If that is the case, then this event is extremely positive for gold, the gold ETFs, and gold miners as a buyer buying 48 tonnes per month of gold would soak a little over 500 tonnes per year or almost 20% of all newly mined gold. From one buyer…

This could also signal buying from other central banks as Russia is a large enough central bank to warrant other central banks following in their footsteps. Additionally, the move is quite logical as it does protect against rising bond yields and provides an asset that protects against inflation.

We wish we had a crystal ball to see into next month's report but unfortunately we do not. One thing is for certain, next month's report of Russian gold holdings will be extremely important and we advise gold investors to pay particularly close attention to it.

Russia is an increasingly wealthy nation with thousands of millionaires and hundreds of billionaires including mega rich oligarchs. It seems likely that some of these Russian investors are also diversifying into gold. Clearly, Russia puts great strategic importance on its gold reserves. Both Prime Minister Medvedev and President Putin have been photographed on numerous occasions holding gold bars and coins. The Russian central bank declared in May 2015 that Russia views gold bullion as “100% guarantee from legal and political risks.”

[srpactive] 25/11/2016 10:17

Gold rising, trying to form the first up day, if it can
succeed, hoping for a charge at 137p for starters.

dyor

regards

active

[srpactive] 24/11/2016 22:01

Yes, quite right, manners cost nothing.

[dt1010] 24/11/2016 21:36

srp, I meant it in the respect that we all owe respect to eachother on here.

[edjge2] 24/11/2016 20:26

Detrumping efforts a gold plus?

hxxp://www.globalresearch.ca/post-election-chaos-trump-presidency-under-siege-guided-anarchy-and-the-purple-revolution/5558326

Mike Adams a natural medicine crusader and supporter of Trump, drug companies watch out hence above establishment revolt.
Durable orders USA stats yesterday unbelievable, wonder when stats office will correct it?

[srpactive] 24/11/2016 15:25

I am expecting a challenge of 137p very soon, two down
days, due a bounce.

$ so overbought

Gold so oversold.

aimho.

I continue to buy hgm and paf.

dyor

[srpactive] 24/11/2016 10:36

I only expect respect if I have earned it.

[dt1010] 23/11/2016 20:05

Agree. Who on earth knows what's going to happen anyway. We all want the same thing.

Respect.

[dilbert dogbreadth] 23/11/2016 20:01

Fair enough but lets keep all this ramping/deramping off the boards

[dt1010] 23/11/2016 19:08

I like to have some traders. But more core holding bought at 70p in HOC is still there. Like I have said. As for HGM, I have yet to buy any and I may not.

I go through periods of being bullish and bearish short term, as that is the nature of short term movements for the benefit of TRADING lol. Trading is profiting from short term price movements either up or down. Funny that.

Now lets all play nicely ;)

Tomorrow is the Thanksgiving holiday in the U.S., which means from today through Friday markets will be in thin holiday trading mode. Keep this in mind as liquidity gaps could arise in the absence of full market participation.

[dt1010] 23/11/2016 18:53

hahaha go away dilbert. If you were making money in the markets you wouldn't be so angry. Knock yourself out, spend the evening searching through advfn, go for it, clearly you have far too much time on your hands.

[dilbert dogbreadth] 23/11/2016 18:44

'If I saygold may go lower then how is that 'DERAMPING'?! And if you honestly think one person's posts can affect a market cap of £1.3b then you need your head examining lol.'

LOL indeed it has no effect whatsoever but this is exactly what you were accusing SG of.

Do you want me to find the posts?

[dt1010] 23/11/2016 17:35

If I saygold may go lower then how is that 'DERAMPING'?! And if you honestly think one person's posts can affect a market cap of £1.3b then you need your head examining lol.

Nurse your losses without blaming others for your misfortune dilbert. Where's your self control?!

[dilbert dogbreadth] 23/11/2016 17:24

yes you are and I trade around the edges but you and Simon the 1st ( remember him )would have none of SG suggesting a sell around the HOC £3 mark, claiming he was deramping and how you could spot them a mile off and then low and behold you start deramping. where is your self respect?

[dt1010] 23/11/2016 17:01

Take a chill pill dilbert. Definitely a case for some anger management!! Firstly, I 'jumped on' nobody. Secondly you are free to trade how you see fit if you have a handle on things. If not, buy a tracker ;)

[srpactive] 23/11/2016 15:23

It was unexpected data from the leaving democrats in the US, cough you clown.

[dt1010] 23/11/2016 15:21

Yeah I did dilbert....cough...and looked what golds done since I wrote that lol

[srpactive] 23/11/2016 14:52

Well thats that then, we can all go home.

[dilbert dogbreadth] 23/11/2016 14:16

do you, means alot

[dt1010] 23/11/2016 12:36

Personally I see this rolling over as gold breaks down into December. The dollar rally is not over IMO

[srpactive] 22/11/2016 19:48

I am just being greedy buying hgm and paf whilst we
experience the calm before the storm. Gold will surge
next year in my honest opinion. Hopefully decent paf
progress rns along with agm on Friday.

dyor

regards

active

[dt1010] 22/11/2016 19:38

we are. as we don't know if gold will go far lower in this mini retrace before recovering sustainably.

while there is a chance the fed will act in dec, I will hold off.

but i do not think this is the start of a bear for gold. it is merely a retrace from the gains since brexit. IMO DYOR