Hochschild Mining Share Discussion Threads

[february 30th] 24/11/2016 16:31

I don't own HOC, but I'm guessing a fed hike would soon put it back over 300, and the bull market in PMs would resume. No hike - a five minute bounce and more stagnation.

[maximoney1] 24/11/2016 16:09

Another thing to notice, is that when highly significant price levels are being 'taken out', they are done so with force, ie $1250 & $1200 gold levels, no messing about. This signals to me 'intent' by TPTB.
Might get a sideways grind over short term between $1180 & $1170, but i think if/when $1170 goes, it will be another substantial move. At this stage, i would be pleasently surprised if gold price gets back up above $1200

[chipperfrd] 24/11/2016 15:40

Topicel,

I don't know the situation for Wednesday yet. It's delayed by a full day. After Tuesday there was still 511 tonnes gold outstanding, but we have to assume a big drop yesterday.

I am away on my laptop so don't have other numbers (total OI, etc) to hand. Will try and update once we get fresh info from COMEX trading.
Chip

[maximoney1] 24/11/2016 14:54

re comex...
Just a small point to ponder, not sure how much validity it has, but now that certain levels have been breached in the PM's, momentum will now be with the downside(seen several death crosses across metals and mining indices etc), thus the OI can decrease substantially and still maintain downside pressure on price with lower levels of shorts(since there will be equally less long positions). Happy to be corrected by the more experienced.

The way i was reading it, the OI simply highlighted the 'energy' pent up, waiting to be released, whether the move was up or down, ie a battle, with winner takes all effectively.

[topicel] 24/11/2016 14:30

Good point Chip. Aside from the last fortnight the price they have been getting for gold and silver production sales is even stronger when taken as a whole for the second half.

There will not have been much change in production because of this election euphoria swing in sentiment. Indeed, it would be daft if they were really giving it much attention as far as their development and debt reduction plans go.

That is still an important consideration HOC-specific. The only way they'll consider the market price is when it comes to setting the dividend, and perhaps even a special dividend, as a reward for those holding during this contrarian period.

Btw Chip, was there a big paper sell down yesterday to cause the latest drop in PM prices on the Comex? Is that open interest still looking too large?

Topicel

[chipperfrd] 24/11/2016 13:35

DB,

Average realised gold price over 1H16 was $1229 and silver averaged $16.01.
3Q gold was $1334 and silver was $19.48.

So unlikely that average realised prices over 2H16 will end up less than the 1st half. So one would expect better financials for 2H.
Chip

[charles clore] 24/11/2016 13:22

DB - a Hillary Clinton US president was also very likely and all over the news.

[daybreakers] 24/11/2016 12:42

I don't expect good production figs with the silver/gold price fall.

[daybreakers] 24/11/2016 12:42

Fed hike is very likely, all over the American news.

[dt1010] 24/11/2016 11:34

No Fed action in Dec and this will roar back.

[lauders] 24/11/2016 11:23

Unfortunately, unless you are waiting to buy of course, this looks like it is heading for 200p! Hopefully not less. I hope a return to the mid-200s comes soon after and so will all those who buy!

[johntrustee] 24/11/2016 11:21

25% down in 2 weeks. I am on the sidelines witing for the bottom, which I think could still be some way off. The markets seem to think Trump is setting the stage for a bull market in equities.

[onedayrodders] 24/11/2016 10:38

Juju ... I know you regard many of the media gold bulls as nut jobs but this was a great call from Rick Rule back in August...



No guarantee he gets it right all the time but for me next time he speaks I'll be listening more closer at least.

ODR

[lauders] 24/11/2016 10:29

Good luck pixi.

Next drilling update (production figures) in January spagnolia.

[spagnolia] 24/11/2016 10:28

I am sure we are due drilling news anytime soon to?

[pixi] 24/11/2016 10:12

I doubled my holding in Hoc just now. It'll probably show up at the end of day.

[juju44] 24/11/2016 10:05

I think 1180 could be the bottom - until FED decide otherwise , which they may or may not

[spagnolia] 24/11/2016 09:57

Does anyone have any up to date charts?

[lauders] 24/11/2016 09:29

Not all miners are in a bear market. Probably need to be more specific! GLEN, KAZ are two that are not exactly down. Copper is their saving grace it would seem.

EDIT - AAL too!

[charles clore] 24/11/2016 09:13

Job done. Let it rise now.

[juju44] 24/11/2016 09:04

few weeks back - stopped out

[dilbert dogbreadth] 24/11/2016 09:01

Have you sold then juju?

[juju44] 24/11/2016 08:31

Miners are back in a bear market

[dt1010] 24/11/2016 08:29

If the Fed doesn't act in Dec there will be one almighty bounce

If they do, is it already priced in?

We'll have to see.

[saturdaygirl] 23/11/2016 21:00

DT

You may get a bounce from the Nov settlement

But its not the one investors here are looking for .