Highland Gold Mining Ld Share Discussion Threads

[garycook] 29/9/2017 04:41

srp,I think HGM could gap fill back to the 133/134 level,and there I will top up and buy hopefully.HGM has retraced to these levels 3 times since May,probably with the price of Gold at the time.

[srpactive] 28/9/2017 15:42

GC

Yes quite right, but I think it is being kept down due to
Mrs Yellen over hawkish stance, just to scotch Mr Trump.

Festario

Our clln is behaving nicely, dyor.

[garycook] 28/9/2017 13:55

Strong Dollar,and the Gold price has retraced to $1284 from over $1,300

[festario] 28/9/2017 13:53

It looks cheap again to me. Hmm.

[noujay] 28/9/2017 13:05

This is under pressure where's the bounce!

[celeritas] 27/9/2017 11:53

80 tonnes for the Chinese, I bet unofficially its a hell of a lot more.

[srpactive] 27/9/2017 11:38

L

Thank you,keep the super posts going, lets hope we are
rewarded further here, dyor.

[loganair] 27/9/2017 11:32

The Russian Central Bank announced last week that its gold reserves had reached 56.1 million troy ounces (approximately 1,745 metric tons). The total included an additional 500,000 ounces (approximately 15.5 metric tons) of gold added in August while the Turkish central bank bought 6 tonnes.

Year to date, the Russian Central Bank has added over 4.2 million ounces or approximately 131 tons of gold to reserves.

In addition to increasing its gold hoard, Russia’s overall foreign reserves have grown from $371 billion in January 2016 to $424 billion as at August 31, 2017.

The current pace of Russia’s gold purchases in 2017, puts it on track to add more than 200 tons of gold. Through August 2017, the Russian Central Bank has added 4.2 million ounces of gold to reserves compared to 3.6 million ounces of gold added through the the same time periods of 2015 and 2016.

As of August 31 2017, gold constituted about 17.3% of the Central Bank of Russia’s $424 billion reserves with her gold hoard valued at approximately $73.5 billion, up from $52 billion or 12% of overall reserves as at August 31, 2016.

n January 2014, Russia’s U.S. Treasury position was $131 billion. In reaction to U.S. inspired sanctions being placed on her, Russia sold a substantial portion of her U.S. Treasury holdings. Russian U.S. Treasury holdings reached a low of $66.5 billion in April 2015. Since then Russia has added back a a large portion of its U.S. Treasury holdings. As of July 2017, Russia held $103.2 billion in U.S. Treasury Securities.

By retaining a large percentage of its gold mining output the Central Bank of Russia has been in effect converting Roubles into gold.

[edjge2] 27/9/2017 07:48

srpactive thanks the heads up petro...POG. Should motor if gold price moves up, many their previous probs incl debt may be fixed T. over target now?
Nice divi here but have a feeling gold due a dive before have and hold period for countries to start crashing, Japan first.

[srpactive] 26/9/2017 14:36

trt

If it starts $1800 gold and 500p hgm more like, dyor.

I was holding rtd a petrol card company when the Iraq
conflict started as fuel zoomed higher on the back of oil and
they made a fortune in a very short period of time.

[montyhedge] 26/9/2017 14:14

Yes and getting 7% while we wait, double whammy. lol

[trt] 26/9/2017 14:08

If it kicks off in North Korea the share price will hit £2 in a blink of an eye !

[srpactive] 26/9/2017 13:54

Something happening at company pog, we have been linked before, dyor

[montyhedge] 26/9/2017 08:03

220p that will do. Getting paid 7% dividend while we wait, lol.

[srpactive] 25/9/2017 21:30

Broker Forecast - Numis issues a broker note on Highland Gold Mining Ltd

25th September 2017 13:00 | Highland Gold Mining Ltd
Numis today reaffirms its buy investment rating on Highland Gold Mining Ltd (LON:HGM) and cut its price target to 220p (from 230p).

Story provided by StockMarketWire.com

[montyhedge] 25/9/2017 16:40

Looks like Gold could rise again, N. Korea saying US have declared war on them, with Trumps Tweets, it seems to be getting out of hand.

[srpactive] 25/9/2017 16:16

Gold moved back through $1300, bought a few more, dyor.

[fenners66] 25/9/2017 16:00

Can someone put that chart gold vs $ together please?

[montyhedge] 25/9/2017 15:53

Tempted 7.5% yield. May have a few more.

[montyhedge] 25/9/2017 09:47

Dollar strong, Highland down, this is like having a currency bet, lol

[loganair] 22/9/2017 20:26

“The government, the Bank of Russia and commercial banks can purchase gold VAT free. But individual and institutional purchases of gold bars are subject to VAT of 18% – the highest rate in the world.” leaving private investment exceptionally low, totaling just four tonnes last year.

However, things could change for the better in the near future, especially with the latest submission of the draft amendment to the tax code by the Russian government.

Deputy Finance Minister Aleksey Moiseev said he hoped the changes could be implemented by the end of 2017 to remove VAT from private gold purchases.

“The initiative will permit a sharp rise in the investment appeal of gold for Russians and increase their demand for physical gold”. Independent analysis also suggests that the abolition of VAT should boost retail demand for gold by around 50 tonnes per year in the long run, conferring material benefits on the wider economy.

The WGC (World gold Council) views the move a significant step forward. “In our view, opening up the domestic gold investment market could make a material difference to the Russian economy, the gold industry and the country’s position on the global gold stage.”

[srpactive] 22/9/2017 08:56

No, work and family illness making things a bit difficult.