Highland Gold Mining Ld Share Discussion Threads

[stevedaytrader] 28/3/2018 17:21

Bad day- US figures hammering gold today- and strengthen dollar.

[stevedaytrader] 28/3/2018 15:49

Yes, agree Loganair :-), we all have opinions, and they are all valid.

[loganair] 28/3/2018 15:47

steve - This is why over the past 2 years or so I have been slowly changing my portfolio, buying the likes of HGM at sub 40p and selling stocks that will likely be hit the hardest during any recession.

I believe that during the next stock market down turn and recession that HGM is likely to return to its all time highs.

[srpactive] 28/3/2018 15:45

L

Agree, the world can learn from each other to better themselves.

active

[loganair] 28/3/2018 15:42

This is what I like about this thread how we can have opposite points of view, passionately disagree and still remain civil, polite and good mannered with each other.

[stevedaytrader] 28/3/2018 15:41

I do hope you're wrong Loganair- I've a lot of investments other than HGM which would get hit although would most likely pull should I see it coming. HGM were 248 in Jan2008, then took 2.5 years to get to 145 and of course have never got back to it's pre recession figure- of course not simplistic to blame all on recession, but the historic figures nevertheless.

[loganair] 28/3/2018 15:09

steve - I see the next recession starting to hit any time from the next 6 to 18 months at the latest.

[srpactive] 28/3/2018 15:08

L

Thank you, the thick one ( me ) is learning.

[loganair] 28/3/2018 15:07

srp - The Central Banks are not there for the good of the people, the country they are supposed to represent, they are there for the likes of Goldman Sachs and Rothchilds to make them money.

[stevedaytrader] 28/3/2018 15:04

I do not see a recession in the near future. As per previous posts, we need a weak dollar, good ftse, dow etc growth and not too fast as to spook the Banks to put the brakes on with interest rate hikes. Gold prices cause daily fluctuations, big moves are on business fundamentals as they always are, plus the odd rumour. I see gold rising in the mid-long term, hopefully sooner.

[loganair] 28/3/2018 15:02

c47 - Agreed during a down turn people have less cash to buy jewellery, including gold, however during a recession people turn to gold bullion as a safe haven asset to protect their wealth.

However I disagree on the rest of your points.

Central banks are usually two years behind the curve, even the current Fed Chairman said he is going to be reactive rather then forward looking which means that many of the Central Banks will be just going into their monetary tightening cycle when the recession hits.

Many of the miners have already raised the capital, the money they need to open new mines or to expand the ones they already have. Just look at HGM, their new 180,000oz per year gold mine is due to open just after the next recession hits and therefore they have already raised the money they need to get their new mine opened and into production.

I would not call miners such as BHP, Rio Tinto or HGM as an speculative investments, rather I call them as a good solid investments made during the commodity price low point.

srp - It is common knowledge that Banks through ETF's and other instruments have been keeping the price of gold down. Don't for get these Central Banks are either run or owned by the likes of Goldman Sachs, JP Morgan, Rothchilds, Warburg etc who are only interested in making money as money is where the power truly is. If this means they have to make one country poorer then so be it as they do not care about people of countries, they only care about themselves.

What I see is happening is we are living in a time when power is changing from one country to another, from the USA Empire to the Chinese Empire and as per usual, except in the case of the UK and the British Empire to the USA, the country losing the the power is fighting like hell to hold on to it against the up and coming country China who also have in their fold Russia and Iran.

[srpactive] 28/3/2018 14:55

c47

Yes instability is not something I would want.

[casual47] 28/3/2018 14:53

A severe downturn may even cause geo political instability, e.g. in Russia, putting HGM's assets at risk.

I think the gold bugs need to be careful what they wish for.

I would much rather see a return to a booming and thriving world economy with plenty of liquidity. A company like HGM would do very well in that scenario.

[casual47] 28/3/2018 14:41

A downturn means people have less cash to buy jewellery including gold.

A downturn means central banks could direct money towards QE rather than stocking up on gold

A downturn could mean banks / institutions restrict or slow down lending to miners

Miners are by nature speculative investments so investors may move their money to less speculative during downturns (or indeed liquidate into cash to afford buying things)

Etc etc etc.

Nobody knows.

[srpactive] 28/3/2018 14:30

L

As say I am thick, so apologises in advance for my ignorance.

If the central banks ( US )are keeping the price down, that would assist the
buyer ( Russia and China ), really?

So if correct all this anti - Russia carry on is just a smoke screen,
if the US wanted to hinder the Russians they would get the
gold price closer to $2000, would they not?

Ignore my post.

active

[loganair] 28/3/2018 14:30

If I could come across any negative views on Gold I would also post them, however as yet I haven't come across any.

Personally I do think there is going to be a down turn some time late this year or early in 2019 is why I invested in gold miners in the first place as my insurance against the forth coming recession.

[casual47] 28/3/2018 14:24

There have been articles like this for ever. The vast majority were wrong about everything.

Better to just base investment on a company's assets, cash flow, management etc, all the rest is just bullsh1t.

Imo....

[loganair] 28/3/2018 14:19

The gold rally is expected to continue with prices for the precious metal likely to grow in the near term, predicts publisher of the Bear Traps Report, Larry McDonald.

After last week's surge, the gold market extended gains on Monday to reach its highest level in five weeks before retreating slightly over the last two days. McDonald said that the rally can go on, as the "perfect storm" of rising gold prices is coming up. Gold has rallied more than 3.5 percent this year.

Though low interests rates are good for gold, and the Fed raised them last week, it did not show the hawks expected by the market. The turbulence around the US political situation and a possible trade war with China can also send gold prices higher, McDonald said.

The analyst also noted that shares in some gold mining companies are cheap at the moment, and investors could cash in, adding to the momentum.

Another analyst, Chief Executive Officer of US Global Investors Frank Holmes, has said that gold is heading to $1,500 this year from the current $1,340-$1,350 levels.

“Inflation could be growing a lot faster than what the government is telling us. No matter which gauge you look at... inflation is trending up,” he said. Gold is often used as a hedge against inflation.

A weaker dollar would also contribute to gold prices, according to Holmes. “Americans like to hear that the dollar is strong, but a weak dollar makes American exports and tourism rock, not to mention gold prices go up,” he said.

Singapore’s BullionStar precious metals expert Ronan Manly said that global central banks have been suppressing gold prices for decades.

[loganair] 28/3/2018 10:57

American stocks could see a significant decline in the coming months due to a number of trends that point to a downturn in the global economy, according to Saxo Bank Chief Economist Steen Jakobsen.

Citing several factors including growing credit loans and a widening fiscal deficit in the US, he expressed doubts over infrastructure spending plans and a potential global trade war.

All the data we've seen over the last few weeks has basically been that the consumer is maxed out, we've seen that in credit card loans as well, so I think the consumer is done spending the money,” said Jakobsen.

“I think overall we have been pricing in for Goldilocks and we are closer to Frankenstein to be honest,” he said, adding that in a scenario of a potential sudden economic recession, there could be a market correction of between 25 and 30 percent.

The economist highlighted a “Goldilocks221; scenario, saying that he feels traders are mistakenly pricing in to markets, where fresh economic data are either not too hot or not too cold.

According to Jakobsen, the so-called drivers of strong global growth, such as higher inflation and higher investment, “aren't actually materializing.”; He made a reference to the novel “Frankenstein,” arguing that the economy had been skewed by central bankers, who have injected trillions of dollars into the global economy to boost growth and investment.

The first quarter of 2018 “started at more than 5 percent expected GDP; we are now significantly less than 2 percent for the (first quarter) expected, so I don't really see things happening in the growth area,” he said.

“We have slow growth, no inflation input coming through, the infrastructure spending is not in the spending bill in the US anymore, so a lot of the factors strategists go on this program to talk about again and again aren't actually materializing.”;

[srpactive] 27/3/2018 08:08

Morning all

I am to thick to comment on L's currency post, I just look for
rising production, rising gold price and steady costs.

One year gold high $1357.7, come on gold.

dyor

Ignore my post.

active

[stevedaytrader] 27/3/2018 07:55

I don’t agree Loganair with your rationale in previous note but always useful to have views so thanks. Markets up from ftse close yesterday so expect ftse and euro markets up and with gold up we will have a good opening and rise today. of course fingers crossed!

[loganair] 26/3/2018 21:38

I was listening to a chartist who said gold is looking for a breakout on the up side.

He went on to say if gold can close above $1,362 will show that gold is breaking out.

[loganair] 26/3/2018 17:03

If the gold price in dollars goes up and the dollar exchange rate against sterling goes down, then because HGM share price is priced in sterling in my view the share price will basically remain flat.

In sterling the price of gold is actually down today.

[stevedaytrader] 26/3/2018 16:16

Yes gold up real well, the ftse drop overall is holding us back from flying.