Highland Gold Mining Ld Share Discussion Threads

[stevedaytrader] 09/3/2018 16:41

I hope so, SR, hope so. Would have taken a close price of this week of 152.40 all day long especially after the data today- thank goodness for a miss on wage growth! fingers crossed no rate hike next week, although odds are still on it will happen- but this data on wage growth is soft and will concern the FED for sure.

[srpactive] 09/3/2018 16:01

sdt

Well Greenspan always said it took three months of data
to see how an interest rate raise effected the economy,
so looking at it sensibly, Evans is right, dyor.

[stevedaytrader] 09/3/2018 15:53

Evans one of Fed chair just said they may wait til June to hike need to wait inflation but wages - fingers crossed- he's the Pres of the Chicago Fed.

[loganair] 09/3/2018 14:06

What I've been hearing is if the Fed rises rates 3 times this year then they will do another 3 times next year, however if they raise rate 4x this year then they will only raise rates 2x next year.

So which ever way one puts it, over two years the forecast is for the Fed to raise rate 6 times or just by 1.5% which will mean at the top of the Fed raising cycle the rate will only be 3% instead of the top being at 5% to 6% where it really needs to be.

Wow! When another Fed chairman, Volker raised rates it was by 1% at a time.

[srpactive] 09/3/2018 14:05

sdt

Now that is out of the way, lets get hgm back
above 151.5 and 151.8p, dyor.

( ignore all I say )

active

[stevedaytrader] 09/3/2018 13:50

Yep the wages growth being less stopped a drop to below 1299 IMHO thank goodness. Although mostly the impact carries on throughout the day- obviously either way, who knows. The fed does not need to do 4 hikes because of the wages growth being less- remember it was wages growth that caused the "so called correction" recently across the board.

[loganair] 09/3/2018 13:32

Employment up above estimate at 313,000 and wages up below estimate at just 0.1%.

[stevedaytrader] 09/3/2018 13:14

Non farm etc data coming up, hold onto your hats! Fingers crossed any downside is already factored in.

[srpactive] 08/3/2018 15:03

Yes I am with you there dyor.

[stevedaytrader] 08/3/2018 14:42

Yes SR I agree, just expressing my annoyance at paying more tax!

[stevedaytrader] 08/3/2018 14:38

Yep- not good unless USA follow- hence gold dropping

[loganair] 08/3/2018 14:35

The analysts are saying as the ECB keep saying 'the earliest' they expect the ECB will keep their bond purchases going until at least December.

I can see it all falling apart sometime from the second half of 2019 to first half 2020 at which time I will be very glad I am holding gold miners such as HGM, especially as their new 180,000oz mine will at this time be about to come into production.

[srpactive] 08/3/2018 14:32

sdt

I have been expecting that for a while, and have been
trying to do more trading with my trading portfolio.
I will still hold my income portfolio and increase it
as it is so important as part of a investment approach,
never let the tax drive your portfolio, dyor.

[loganair] 08/3/2018 14:23

The ex- US treasury sectary Summers said a couple of days ago that the next recession isn't going to happen in the next few weeks, however we're not talking about years.

It seems to me by the time the ECB want to start their tightening the recession will already be upon us and sadly they'll be left with no real fire power to come in and do any thing to save the day.

[loganair] 08/3/2018 14:15

ECB are saying they expect no interest rate rises this year, the earliest they will stop the net buying of bonds is October and even after that interest received from bonds will continue to go into new bond purchases. As yet they have not even started to look at when they are likely to begin to re-sell any bonds into the market as that is far too far ahead for them to look at.

[stevedaytrader] 08/3/2018 14:02

Yep- the 4 was mooted already hence the drop to 1304, trump tarrifs caused pick up, will have to see what happens, I think Mex and Canada will be least of trumps worries.... remains to be seen. Main prob is normal data eg jobs etc.

[loganair] 08/3/2018 13:23

Now Trump is saying that both Canada and Mexico will be getting exemptions from the steel and aluminum tariffs as are likely US allies, Goldman Sachs are saying they are now predicting most probably the Fed will go for 4 rate hikes this year.

[stevedaytrader] 08/3/2018 13:15

Okies, thanks Loganair. HaughtonHoney, yes, a great divi and I wonder if and when they will give an "extra" divi as mentioned a while ago. So far this year if gold stays over 1300 will a very profitable year.

[haughtonhoney] 08/3/2018 10:16

Sit back, relax and take the divis

[loganair] 08/3/2018 10:05

steve - Sorry I do not really have a short term few, as an investor I usually look at minimum of 2 to 5 years forward and often a longer time period.

[stevedaytrader] 08/3/2018 09:54

I wouldn't worry about crypto's I really like the philosophy am fed up paying banks etc, they have way too much control IMHO, and remember it's a currency, and it's not correct it takes no time or money to create.
Back to HGM, strong dollar doing it's stuff and supressing gold, with usual knock on negative impact to us. Anyone got any views on gold price short term backed up with a rationale? (other than non-farms etc).

[loganair] 08/3/2018 07:40

Would you believe it, Mercedes-Benz has now come out with its own Cryptocurrency, MobiCoin, it now seems to me that everybody under the sun is setting up their own cryptocurrencies.

I can not see why crypto's are really worth anything or have any real value as so many are now being set up compared to where there is only a limited amount of gold mined each year.

To come out with a new cryptocurrency takes no time at all whereas to find gold and get a mine into production takes upwards of 10 years.


Cryptocurrencies rather remind me of the Hitch Hikers Guide to the Galaxy where in the final episode the human race came out with the 'leaf' as their new currency, which was OK during the winter, how ever when the summer came there were so many leaves on the trees that the value of the 'leaf' crashed.

3 years ago there were less than 100 cryptocurrencies, at the beginning of 2018 there were around 1,400, by the end of this year I can easily see there being several thousands of cryptocurrencies.