Hochschild Mining Share Discussion Threads

[hectorp] 28/11/2016 12:21

Thanks for that data, chip. Will hold off until middle of Wednesday before making any new decisions in the PM / Hoc /FR /CEy arena .

Noting a very good jump overnight for silver, but its being clawed back in London time, just as early rise in HOC has been pared back too.

H

[goldenshare888] 28/11/2016 11:42

Thank you, noted.

[onedayrodders] 28/11/2016 10:59

Currently very tightly correlating with movements in the POS

goldenshare .. you don't need advice from me but if I was thinking of a top up I would wait for the first hour of trading on the Nymex window as I have noted more often than not after any positive sessions they take it down.

Wont always be the case of course.

[goldenshare888] 28/11/2016 10:51

Thinking about another nibble here.....

[goldenshare888] 28/11/2016 08:24

The re-rate/ bull run resumption will be fast and furious.

Has it already begun?

:))

[crosseyed] 27/11/2016 14:18

chip,

Very encouraging article re silver miners though a pity they are behind with HOC.
HOC's Q3 Ag production QoQ was up by 9%, and their Ag revenues by 11%.

c

[dt1010] 27/11/2016 08:07

I am not buying any more until I think gold has made a bottom. Which I hope it already has!

[lauders] 27/11/2016 02:34

Thank you Chip! Shame all the stats for HOC were not available to complete the table! Still like HOC a lot despite feeling a bit of pain on some of my higher top-ups! I may yet top-up again if we reach the high 100's! Time will tell.

[chipperfrd] 27/11/2016 01:48

Comment about silver producers (incl HOC although 3Q data not complete).

[k mon] 26/11/2016 17:43

Well - these people reckon Silver is about to turn Bullish.
- No specific mention of HOC though - but that might be slightly lagging.





:0)

[hectorp] 26/11/2016 14:40

Not at all max pessimism, gs. And there is no mass of gleeful shortsiders and negative trolls forecasting silver to $10, 8, 6, 4 dollars. They could yet arrive, if this is NOT the bottom.
The PM's can be among the most refractory of camels!
- come into such markets as a total contrarian " when all hope has left".
However lets remember an ounce of gold or silver is always one!

[dt1010] 26/11/2016 13:04

Thanks Top

"We continue to believe gold will reach $2,200 per ounce, within 18 months."

[goldenshare888] 26/11/2016 09:40

Have we reached MAX PESSIMISM on this pullback in the PM BULL run?

I think we have or are very close!

:))

[topicel] 26/11/2016 09:17

This is worth a read although the conclusions are probably not quite what is hoped for by PM longs. It was written in September though and things have changed somewhat!

What I don't understand is the AISC for gold is really not much above $1,000 to make it worthwhile and as for silver the First Majestic CEO talks about $20 being the break even number.

In other words, the decline in production this year, despite the first half price rise, will be carried forward and add to the pressure on PM prices IMHO. At least based on the premise within the article.

As it's the weekend, plenty of time to read and digest folks?!

Topicel

[topicel] 26/11/2016 09:09

Also read the piece 'Mr. Trump Goes To Washington' within that Gold Eagle site DT. Both are indicative of why the recent drop in PM prices has been misconstrued as a result of Trump euphoria.

No doubt the comment of a return to $2,000 an ounze within 18 months is speculative but if it were to happen then HOC would be nearer £8 a share than £2.

Comex closes for December on Tuesday, is that right?

Topicel

[dt1010] 25/11/2016 21:18

Definitely worth a read folks:

[hectorp] 25/11/2016 18:32

Ironic surely, the least efficient large world market nation wants to suddenly impose almost total digitalisation. This isn't going to work. The Government is going to have to backtrack somehow.

PS large fall in crude price almost 4% today, good for production costs. Oil I reckon is about to hit its winter drift down.

[charles clore] 25/11/2016 17:28

John, where do you think the black market Indian gold will come from? My gut feeling is that any reduction in the global pot of gold should create shortages elsewhere and the price should go up.

[johntrustee] 25/11/2016 17:02

Just when I was thinking of buying back into HOC this thing in India crops up. I can't work out what will happen. Inside India the price of gold will go up, and there will be a new gold-smuggling network. Outside of India, in the world market it should take gold down in response to lower demand.

[shakeypremis] 25/11/2016 15:38

Celeritas. Coming to a Western nation near you soon! This has been on the cards for a very long time. Lock you in to a digital monetary system so every transaction is monitored and they can lock you out of it if necessary.

[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 :-)