Hochschild Mining Share Discussion Threads

[brilliantball] 30/11/2016 20:44

From may..

[edjge2] 30/11/2016 20:30

italian weekend wonder coming. Trump rented his building for multiple 32oz gold rather than dollars. He sees dollar down. Fed appreciates that?

[dt1010] 30/11/2016 17:52

JPM are scum just like Goldman and Soc Gen.

silver will be $160 am ounce one day I think.

At that point government will back their debts with the value of gold.

JPM know fiat will one day lose all trust.

But it's ok, they'll have plenty of PMs to rely on.

A bounce off $1170 for gold.....until it gets retested again :(

[hectorp] 30/11/2016 17:51

More fool them, though it is surprising , perhaps!

gold.. It think I am going to call the bottom at.. $1171 as far as USD is concerned ( today).

[chipperfrd] 30/11/2016 17:48

Winners & Losers in terms of contract trading tonnage so far over 2016

2016 SILVER
Agent Acct Gain/Loss (t)
JP Morgan Securities House 530.32
Bank of Nova Scotia House 295.64
Macquarie Futures USA House 127.68
Goldman Sachs & Co Client 77.91
HSBC Securities USA House 70.45
Merrill Lynch Pierce FE Client 31.26
R.J. O'Brien & Associates Client 22.86
Morgan Stanley Client 16.95
CME House 5.29
Rosenthal Collins Group House 0.31
Wedbush Securities Client 0.16
Macquarie Futures USA Client 0.00
Dorman Trading, LLC Client 0.00
MAREX Client 0.00
Tradestation Securities Client 0.00
Timber Hill LLC 2 House 0.00
UBS Securities, LLC Client 0.00
Barclays Client 0.00
PTG Division of SG America Client 0.00
Advantage Futures, LLC Client 0.00
Rosenthal Collins Group Client 0.00
CITIGROUP Global Market House 0.00
ADM Investor Services House 0.00
Straits FIN LLC Client -0.16
Rand Financial Services House -0.16
Barclays House -0.93
HSBC Securities USA Client -1.24
RBC Capital Markets Client -1.56
ED&F Man Capital Market Client -10.73
SG Americas Securities Client -14.93
ADM Investor Services Client -76.83
Goldman Sachs & Co House -113.22
JP Morgan Securities Client -164.23
ABN Amro Clearing Client -301.70
Intl FCStone Financial Client -493.15

Chip

[gaaston] 30/11/2016 17:46

Ho-ho-ho Chip ~ skulduggery @ its' best !

[chipperfrd] 30/11/2016 17:44

gaaston,

Funny you should mention them!
According to my YTD records for the Comex, so far their house account has gained 530t of silver but their client account has lost 164t. Do I detect an element of 'trading against their own clients'?

[pixi] 30/11/2016 17:42

Guard it with their lives?

Question: do you pay VAT if you buy silver bullion/coin on Ebay?

[gaaston] 30/11/2016 17:38

I wonder what JP Morgan are planning to do with their huge horde of physical silver ?

[charles clore] 30/11/2016 17:24

Major - even if they do they will still be worth more than the worthless paper we are forced to believe in.

[majorpain2] 30/11/2016 17:21

Thanks Chip, so it was indeed a bit of damp squib at the end of the day. Hoc remains a serious cash cow and is rapidly paying down debt, so im not too bothered unless PM's completely crater.

[dt1010] 30/11/2016 16:27

Double bottom for gold at $1170??

Can see lower coming at this rate :((

[pixi] 30/11/2016 15:35

Buy the dips.

[lauders] 30/11/2016 15:21

For now ODR! It will change no doubt but what price will HOC be when it does? I hope not too low!

[onedayrodders] 30/11/2016 15:19

The DOW and US$ still the only game in town it would seem

:O/

[pixi] 30/11/2016 15:18

Chas, it should dip a lot further in December when the Fed increases interest rates and the dollar consequently strengthens.

India is not doing anything different from Europe, or any other countries who are working in concert to get rid of cash. It's all part of the elitists globalist plan of one government, one currency, one law, etc. But they are using the line that its to thwart the black economy, gangstas and suchlike, to get everyone on side. Like sheep led to slaughter. Shame about Brexit and Donald Trump.

[charles clore] 30/11/2016 12:22

chip - interesting postscript - One additional inference we draw from events in India is that it almost certainly proves the United States gold reserve is gone.

Imho, soon the only thing left of any value will be commodities. So I am working towards having enough of the edible stuff to live on plus enough precious metals to trade with. There will be no valid digital substitutes.

I notice that gold is dipping towards my target buying price this afternoon, as expected.

[dstorey1] 30/11/2016 12:08

An interesting read and validates my decision to convert £10,000 of paper into physical gold and silver:)

Correction: £10,000 digital, not even paper!!!

[chipperfrd] 30/11/2016 11:43

A possible explanation for the Indian 'war on cash' situation!

[charles clore] 30/11/2016 10:51

Lauders - if you look at the RNS there has been 3 Vanguard reducers over the past month or so. The volume isn't that great but we are in a low volume period and it's draining on the share price. What we need is some jolly good news and a PM rally to shake out the remainder of Vanguard's sales.

[chipperfrd] 30/11/2016 10:34

Majorpain2

Latest data of the Dec16 gold comex contract shows 95.7t still standing for delivery. So it has shrunk considerably after the big smackdown of PM prices.

The silver contract has 1,844t still standing.

Last year, the Dec15 gold contract ended with 6.45t delivered. The silver contract ended with 586t delivered.

So the paper merchants have largely succeeded yet again!

YTD there has been a total of 192.2t worth of contracts delivered. But only 46.1t of withdrawals reported from vaults. However, 155.9t gold has had to be imported into the vaults - so not without cost!

YTD there has been 1,920t silver delivered into contracts and 1,472t withdrawn from the vaults (and presumably gone East). To cover this there has been 2,015t silver imported into the comex vaults - this appears to be reflected in the large US imports of silver into the country over the last few months. So again, this implies a real cost in actual metal to support the 'paper' comex 'market'.
Chip

[lauders] 30/11/2016 10:20

If Vanguard are selling and keeping the price down as some suspect shouldn't we have had more disclosure RNS's? Depends on which threshold they cross but surely due one about now if it is a fact!

[charles clore] 30/11/2016 10:17

Major - this is why HOC is a bargain at these prices. Vanguard selling is holding the price down at the moment and it is starting to look very cheap in comparison to peers. But I wonder how long that can continue.

[majorpain2] 30/11/2016 10:08

Until Vanguard stop selling, HOC's price will disconnect a little from the market IMO. Very interested to see how the shortage in deliverable PM's plays out, they can always print more silver and gold right??!!!

[hectorp] 30/11/2016 09:41

I think that oil will be cheaper, not going up.. but we will see.
Silver looking cozy in the 16.50 area should make the move to over $17 soon enough IMHO.

RBS stress test, not surprising , did we expect it to be much else.... The Italian vote yes, could be a game changer all right.

I note that some of SG's charts also look promising for silver.