Hochschild Mining Share Discussion Threads

[onedayrodders] 04/1/2017 17:13

"Restaurants To Eliminate More Waiters In Response To Minimum Wage Hike"



Considering a large % of the phoney jobs created in the US are waiters, the next few jobs reports should be interesting in terms of pressure and verbal FED garbage on hiking Interest Rates.

[onedayrodders] 04/1/2017 17:08

Sshhhhh .... quietly encouraged with silver retaining yesterday's spike and through 2 Nymex sessions !

Feeling like it's catching it's breath for an assault through $17

[stevea171] 04/1/2017 17:07

Topicel. Quite so! The market is ever unpredictable and we learn things all the time. Stock selection is less problematical than timing!!

It seems institutions have now started to dump big bucks into some of the PM miners. eg today's volume in FRES was 2.2 million which is only the 5th time in the past 5 months for volume over 2 million for FRES. The good thing about HOC, FRES Ftse100, 250 is the liquidity so that dealing in size is not a problem!

[topicel] 04/1/2017 16:52

I did wonder when you said you'd dumped Fres Steve, but your rationale about HOC wasn't that far out so it wasn't like you were leaving the sector exactly... ;)

I also know the whipsaw feeling and have come to stick to my guns more lately, almost any sector, given the volatility.

My BARC sale at 150p last summer was impatience and fear of Brexit but look at it now. So big outfits like that, and Fres, are slow to move but like many a juggernaught once they gather momentum they do rumble on a fair distance!

Topicel

[stevea171] 04/1/2017 16:07

Sold my FRES too soon. After seeing decent gains yesterday and earlier today have rejigged portfolio back to include them again ..... danger of getting whipsawed with this! :-)

[charles clore] 04/1/2017 15:08

As a matter of interest has anyone seen or heard of any analyst views on JPM's silver horde?

I found this from last year

Following on from the above, it wouldn't be any surprise to me if there was a shortage in the coming years of.... Silver American Eagles and Canadian Maples dated between 2011 and 2016... of which I have quite a few.

[topicel] 04/1/2017 14:28

Just 5%?

This month alone sees us about to bear a 100% increase in the price of oil per barrel which, as we all know, filters through to almost everything we buy or produce...

I don't think JPM are switching horses because of a paltry 5%. I think, like me, they see 70s style numbers coming, especially if Trump adds his promised fuel to the fire.

What a shock that will be to Milleniums who have no notion of such things. They almost certainly need to get tied to the PMs Stateside, or devalue. Probably both...

Topicel

[hectorp] 04/1/2017 13:15

stevea , I think I realise why silver is down there on the baseline since the last lwo relative to 2002. ( I do, agree that there is much upside to come).

It is - the blanket of worldwide deflation which is also manifested in very low rates. This is an artificial deflation created by the printing and so on.

Reality is, INflation will return and bite hard. In Britain I expect 5% inflation by next December ( partly of course due to the devaluation). Note NEXT today, say clothes prices shall rise 5% this year. Clothing is not a bad general, indicator of where inflation shall be overall. five percent. Wages will only rise by 1.5%. However people are not only looking to buy clothes, so they will cut their cloth all over the shop. This means, Britain will be going into a stock market slump, with no increase in interest rates due. They shall buy fewer clothes, and other shopping, cars etc etc. People will scrimp. The average family here has no savings at all.
So where silver? Inflation should help the PM's.

[stevea171] 04/1/2017 12:01

Silver prices nearly reached $50.00 in April of 2011. They crashed to a low under $14 in December of 2015 and currently (December 2016) sit at about $16.

The Silver to S&P 500 Ratio: This ratio shows the relative valuation of silver compared to stocks in the U.S. See the chart below for the ratio since 1990.



Silver is currently too low compared to the S&P 500 Index. We live in an exponential world – exponentially increasing debt, banker profits, silver prices, monetary nonsense and more. Examine the increase in U.S. national debt and the – more or less – parallel increase in silver prices – both on log scales.





Silver is too low compared to its own exponential price history as well as compared to the S&P. The next major move should be UP!
WHY?

Ted Butler: “The big theme, as I see it, is JPMorgan becoming more aggressive in acquiring physical silver and gold while at the same time reducing its COMEX short position in each almost as aggressively. It’s hard to imagine a more bullish backdrop for futures prices.”

[goldenshare888] 04/1/2017 11:43

Of course not Charles, just a friendly warning to watch out for the manipulators!

LOL

:))

[charles clore] 04/1/2017 09:42

gs - are you suggesting in your 9468 that you will compensate any long who gets stopped out? Most generous lol!

[stevea171] 04/1/2017 09:36

Shakeypremis.

Pallancata ore is processed at Selene. I assume Selene has a ROM stockpile which it will be still processing. Xmas/New Year summer holidays so limited operations at Pallancata and Peru anyway.

Pallancata scheduled to produce only 4 million oz (10%) out of 35/36.8 million oz total production from all 4 mines in 2016. As the company says impact on 2016 production - nil.

[stevea171] 04/1/2017 09:31

This week and next week will provide data on some early trends for the new year that will likely grow stronger as we go through 2017.

In particular I am expecting gold, silver and the PM miners to be firm to strong.
The US markets to continue the topping process and begin to trend down.

HOC should be a major beneficiary of these 2 trends.

[shakeypremis] 04/1/2017 09:29

Are we to assume that work at Pallancata is still suspended due to the road blockades by the locals?

[goldenshare888] 04/1/2017 08:17

Steadily building momentum.

Don't get caught out or stopped out!

:))

[honestjim2] 04/1/2017 07:58

"Summing up, Neumeyer hints that precious metals could do very well in the years to come:
If history is any guide, global changes of this magnitude mean that the entrenched systems run by central banks and Deep State politics are set to be destabilized on a level we may have not witnessed in our lifetimes, which means assets like bitcoin, gold, and silver could become the safe havens of choice for investors."

[dt1010] 04/1/2017 06:20

Silver's chart:



Upside down head & shoulders catapulted silver above its downtrend line & into the 20 DMA today. Ought to rally nearly to the neckline at 1725¢.

- The MoneyChanger.

[dt1010] 04/1/2017 06:11

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Savvy investors are seeing this correction as a time to pick up undervalued silver investments...
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[topicel] 03/1/2017 20:52

We know his view Hectcorp. I posted enough links pre-Xmas and elaborates, p otificated even, on the obvious gold shine within his admin, from financial backers like Mercer to his VP pick Pence down to his likely Yellen replacement, advisor Dr. Shelton...

They will find a way - IMHO alongside a devaluation - to re-link gold and/or silver to the dollar and other financial instruments like Treasury Notes to ensure infrastructure and tax cut programmes can be carried through. I also expect them to devalue the dollar to make them competitive again whether the Chinese et al like it or not.

Currency war it is. Let's hope the generals aren't needed further down the line, eh?!

Topicel

[hectorp] 03/1/2017 19:30

This will prove an interesting year!

Good start.. Our real battle is not with the soil or the digging , or the terrain
or the Mexicans or whatever, it is with the US dollar and the perception of it.
But if it does even better then production at HOC is even less expensive.
HOC - is hedged in itself, to the balance of the dollar value/Peso, to the silver value in same dollars,
and of course not only HOC. On balance we don't need a stronger dollar but neither do the Republican Government /Trump.
When we can tell his view on the dollar it will be.. very useful.

[blueball] 03/1/2017 18:29

stay long.

[dt1010] 03/1/2017 18:28

lol SG, I wish!

Nice recovery today. A show of strength!

Fres performing well too. PAF offered a nice buying opp on a back test today too.

[saturdaygirl] 03/1/2017 18:27

Once again the GDX rises to the top rail with a following Stoch rising thru the 20 value

Will this be the real deal ?


free stock charts from uk.advfn.com

[scottishfield] 03/1/2017 18:14

Up tomorrow, along with other PM's imo (well, depends a bit on Silver & gold price of course, but v positive today)