Hochschild Mining Share Discussion Threads

[celeritas] 25/11/2016 14:41

Chip, Ive been keeping an eye on the India situation. Looks as you say like a financial repression, controlling by the state to make every transaction digital.

[maximoney1] 25/11/2016 11:18

chris...too much T :-)

[chrismisson555] 25/11/2016 11:14

htTTps://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/gold-the-global-market-watch/

[chipperfrd] 25/11/2016 11:13

We should pay particularly close attention to what is playing out in India.

I think it is no accident that the dramatic 'war on cash' move was initiated right at the point when the entire world was focussed on the US election.

India also has the most gold held per capita and all efforts by government (so far) have failed to get ordinary Indians to shift their gold into paper or to dent their desire to put much of their savings into the metal. But the recent move is almost the ultimate definition of financial repression by a state on it's own people.

So it is likely that India is the poster child for what is eventually in store for all of us.

After what happened in Cyprus and with bank 'bail-ins' now legally adopted for depositors cash in the event of bank insolvency, the risks inherent in a cashless society with all personal savings and cash-flow being held digitally by banks ought to be clear to all!
Chip

[chrismisson555] 25/11/2016 11:03

I think the chart would look a lot more healthy with a fall to 175. Maybe we get a short-term bounce back to 250p then down to 150p (extreme though) before the next leg up. I remember some broker notes talking about 210p being fair value.

[dt1010] 25/11/2016 10:58

Cough just bought more FWIW

[maximoney1] 25/11/2016 10:53

hectorp, the relevance of the 'big picture' is only that the drop back to say $950 gold, is 'small looking' in the greater scheme of things, but it doesn't bust the bull trend. Now share prices being hit hard and fast will be more likely to shake out retail punters at precisely the wrong time....especially as the miners have been reducing costs, increasing recoveries and boosting production outputs....everything that flies in the face of a decreasing shareprice. This is why i say, picking any of these shares up, anywhere close to the bottom is going to be unbelievable. All the preparatory hard work is done. Very shortly, the most money will be made by doing nothing.

Chips comments regarding the mainstream narrative echoes exactly how i feel. It is actually quite funny, when you have high confidence on sets of scenario's playing out(from chart analysis), and they come to fruition, just seeing what narrative hits the media, including 'statements' from Teresa May/Carney etc etc at precisely the required points.

[onedayrodders] 25/11/2016 10:42

H ... people wary that US silver sessions of late invariably spell weakness so waiting for them to open.

Watch for Nymex weakness more or less from the off .... if it doesn't arrive then maybe that's a signal of a bottom

[hectorp] 25/11/2016 10:39

chip - lipstick on the pig, lol!

I too go into the likes of Kitco and get people like Peter Hug wittering to the daft lassie Diane or whatever she is called, on her little vids , with her normally inane question of the day. I frequently think " she has no understanding of the PM's market at all, so is the perfect reporter for Kitco" Who they really could do with is the likes of Merryn Somerset Webb.
I still do it though, and there is rarely if ever any mention of manipulation, it is off their radar totally.

[chipperfrd] 25/11/2016 10:37

Thanks to the Thanksgiving holiday, Wednesday market action on the COMEX is still not available, so no update information I'm afraid. Perhaps tonight!

[onedayrodders] 25/11/2016 10:34

maxi .. just think the share price is a bit punch drunk after the volatility since Trumps election win.

[hectorp] 25/11/2016 10:32

maximoney - I'd have to suggest that the chart taken back to 1980 as you've done isn't very helpful as we entered a new bull market only in 2002-3. Even so, I'd agree that the " bull market is not broken" and certainly not unless something like $900 gold were to fall. Having said that I'm sure we could find some parallels with the previous bull market which peaked early and then faded in the 1990's and today.
My main parallel though has to be with the 1970s' time of very high inflation.
Once the US start to raise rates we will have to follow as would all nations and we would rapidly hit 1970s' situations. However much worse! could be much sooner ( ie a US trade war with China instead of the present era of Chinese imports).
So much around the world now suggests currencies are not only in a war to lower valuations apart from the USD ( for now) but they are suffering all kinds of problems ( India is very obvious now Spain wants to restrict Cash transactions).

HOC this morning - I was surprised not so see a few pence rise, as silver is a bit stronger today. Must be dumping still going on. We're getting close to my trading and share holdings average of 193. hmm! Good value again here chaps.

[chipperfrd] 25/11/2016 10:29

I have no problem with Charting. I tend to use charts on a daily basis, particularly for over-sold/under-sold/rsi/ma type readings.

But, as I see it, there is a real underlying problem, particularly with the PMs and PM related stocks.

Because the metal prices are so manipulated, the resulting chart patterns obviously reflect the artificial price points achieved by that manipulation. In turn, the PM stocks themselves are directly a function of the PM prices (although obviously individual stock fundamentals play a part).

It is clear that the major factor driving PM stock prices on a daily basis is the movement of the metals themselves. Thus the entire sector (metals and stocks), reacts directly to price moves accomplished by clever engineering of paper transactions on the LBMA/COMEX.

Mainstream media commentary always finds a narrative to explain such movements in terms of interest rate jawboning/unemployment figure/central bank buying/selling/et al, but in reality, stepping back and taking any sort of common sense approach makes nonsense of all this misinformation garbage.

The market is what it is and there is nothing much we can do about it other than trying to take care and action at our own personal level. But believing in what is passed off as informed opinion by mainstream media is just 'painting more lipstick on this particular rigged market pig'.
Chip

[maximoney1] 25/11/2016 10:05

Lauders, most folks dislike chart posts which are potentially negative on their favourite share, so rarely goes down well. I try not to view a chart as something i'm invested in, but rather be as dispassionate as possible(very difficult)with any analysis.
Only reason i wont be investing in HOC is that i prefer other plays which have revenues from better than 50% Silver , so i'm thinking leveraged upside, when the gold:silver ratio corrects(which it should during a sustained bull market, plus industrial demand on silver is increasing).

I thought HOC might have recovered somewhat this morning, with the $gold price bouncing off the fib line plus getting back up through an important downtrend line, but presumably they are waiting till the yanks are back in the driving seat??

[topicel] 25/11/2016 09:25

3 0
It is incorrect to assume that gold trades inversely to the level of the US Fed rate.



Chip

Copy and paste don't work well with a table on my iPad it seems, but go back to Chips post 8,433 to see what percentage gains for the gold price occurred from June 03 to June 07 as the dollar Fed Rate went from 1% to 5.25%.

And that was when things were rosier and all seemed well with the world. Oh, and 14 trillion less debt Stateside. Those rate rises just couldn't be allowed without devaluing the dollar as the interest would cripple the US...

Still in between that rock and a hard place IMHO. I like to keep things simple.

Topicel

[lauders] 25/11/2016 09:18

Unloved here at the moment. Wish Vanguard would quit unloading as I think they are! Then we might recover. Then you may be right DT1010.

[dt1010] 25/11/2016 08:12

The odds significantly favour a bounce here, and for gold.

Best buy in before it starts!!

The bottom was in for gold at $1170 overnight IMO.

You heard it here first ;))

[lauders] 25/11/2016 02:33

maximoney1 - Don't get me wrong! I liked your last chart as it was helpful and I also like SG's contributions too. It is good to see the whole picture from time-to-time. So please don't stop on my account. Would be interested why you don't intend ever investing in HOC again if you consider them "a screaming buy"? I can see HOC dropping more unfortunately but when it turns the bounce & hopefully new upwards direction should be rather strong? Please oh pretty please!

[maximoney1] 25/11/2016 02:24

Lauders, thanks for the links. I dont mean to pi55 on anyones parade. The market looks forward and makes judgements, often getting it wrong. Thats where you make money. On fundamentals and improvements made yoy, HOC is a screaming buy. Looking at things from a chartist perspective, provides the possibility of further weakness in the underlying metals. At (potentially)$950 Gold & $12 Silver, which in time would produce very much different figures for at least one half year report. Whether i post a chart or not makes no difference to the final results, simply trying to make peeps aware of other possibilities. I was in HOC and got out with a profit. I will just declare right now, that i have no intentions of buying back in (at all).
Indicators, i regard as sub serviant to price action, merely pictorialising what the action is telling you. Since i have no intention of re investing in HOC, for that reason, i will desist from posting any more charts.

If by chance anyone is looking for a chart interpretation, they can stick a request on here...


Incidentally, just to give a small boost, the $gold price just done a mini bounce off the 61.8% fib level, which is a great point in normal circumstances for a reversal, so fingers crossed for all gold bugs. :-)
All the best.
maxi.

[lauders] 25/11/2016 01:39

Two links for SG and maximoney1:

[maximoney1] 24/11/2016 23:56

DayBreakers....not sure if your comments were aimed at me or not, since you didn't address it to anyone directly.
I certainly at no point suggested anything wrong with swing trading/scalping, whatever...each to their own methods.
No part of my post made any assumptions as to any individuals monetary status, just a general observation that most talk in terms of weeks and months....ie "it will be £3.60 by new year" etc etc. I measure my wealth in family and friends, rather than monetary.

Only commenting because your post came right after mine....but if not directed at myself, simply ignore this reply. Ta.

[dilbert dogbreadth] 24/11/2016 23:25

Jsmineset weigh in on comex delivery situation but a couple of days old

[daybreakers] 24/11/2016 23:06

Nothing wrong playing the swings.

Gold and silver will see lower lows $900 at some point.

Ps. Don't assume all posters are poor because some are the opposite and do this as a hobby.

[maximoney1] 24/11/2016 21:56

pine...i only thought, that it wouldn't stop there... :-)(might pause tho)

DT1010...that's the exact view it take, very long term, but most folks on these threads want to be millionaires overnight ;-)

[dt1010] 24/11/2016 21:51

For my children of 2.5 years old and 10 months....

in their ISAs....

There is only the long term...

The money is theirs at the age of 18....

They've got time.

And so have I. Whatever JP Morgan and friends want to do with the price short term.