Highland Gold Mining Ld Share Discussion Threads

[11_percent] 16/7/2018 08:28

Someone got some cheap shares at the open.

[stevedaytrader] 16/7/2018 07:25

SR/Loganair/Casual47/Monty and All, OK it's Kitco, but pretty much mirrors what i've been saying, fingers crossed for the long term.
Kitco News) - Gold prices are closing in on a bottom, with a significant recovery coming in 2019, said ABN Amro in its monthly commodity update.
The August Comex gold futures ended the week on a sour note, touching a fresh 12-month low on Friday and briefly trading at $1,237.50 an ounce before slightly rebounding to $1,241.40, up 0.02% on the day.
The metal was hurt by lack of risk aversion in the marketplace as world stock markets, including major U.S. stock indexes, hit multi-month highs last week.
In the meantime, the U.S. dollar index, a major driver for gold prices, kept rising, last seen trading at 94.74, up 0.07% on the day.
“Higher US dollar, looming trade war between the US and China, downward adjustment in eurozone outlook and the slide in the Chinese yuan have contributed to price weakness,” ABN Amro senior precious metals and diamond analyst Georgette Boele wrote in the report on Friday.
But, Boele noted that a price bottom is near, estimating for gold to end Q3 at $1,225 and then rise to $1,250 in Q4.
“Weakness in precious metal prices is not over yet, but prices are close to the bottom,” she said.
The main obstacles for gold this year will remain rallying U.S. dollar, additional Federal Reserve rate hikes, rising U.S. Treasury yields, as well as the escalating trade war tensions, which so far have not benefitted gold at all, according to the Dutch bank.
The good news is that investor patience will pay off next year, as gold prices have a chance to rally all the way up to $1,400, wrote Boele.
The precious metal will see a boost from an end to trade war rhetoric and a weakening U.S. dollar, which is projected to reach its highest level by the end of the year and then start dropping.
“Later in the year we expect U.S. dollar and 10y U.S. Treasury yields to peak, the fall in the yuan to come to an end and a significant escalation of a trade conflict to be averted. Therefore precious metal prices will probably recover,” Boele stated.
This week, all eyes are on Fed Chair Jerome Powell’s semiannual testimony before Congress on Tuesday.Traders will be looking for clues about the state of the U.S. economy to see if there are any risks Powell is monitoring.“The Fed is going to have to acknowledge the growing risk from global trade tensions,” Bart Melek, head of commodity strategy at TD Securities, told Kitco News on Friday.
Other things to watch this week include U.S. retail sales for June, regional manufacturing data from the New York Federal Reserve and the Philadelphia Federal Reserve, plus housing construction data.

[srpactive] 13/7/2018 16:37

At it again,

Bid 135.3p Offer 135.8p

So close at 134.8p!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Going on another walk, see you when I see you.

[11_percent] 13/7/2018 16:07

Could even close blue.

srp, don't worry, its going back up again....nothing shurer.

[srpactive] 13/7/2018 13:55

Good 2nd quarter output from Hecla and SSR ( pe 17 ), dyor.

HGM pe 9.

Back to my walk.

With the US gold miners on pe's nearly double Russian miners
a move could be to sell US and buy Russian, dyor.

Back to my walk it is working.

[casual47] 13/7/2018 12:45

Pound weakening. While the share price is at the mercy of the dollar (even though HGM gets their gold paid in roubles) the dividend and fundamentals should look better: more roubles for their gold and since april more pounds for their roubles.

[montyhedge] 13/7/2018 12:25

steve
Good luck.

[stevedaytrader] 13/7/2018 11:23

Agree SR- useful to keep an eye on the forum, but no one can influence it. On a walk, I'm on a 100mile off-road mountain bike cycle tomorrow for the British Heart Foundation so this will keep me busy for a day... Enjoy the hot weather, it's rare!

[srpactive] 13/7/2018 11:00

I think a long walk is needed, time to enjoy the Summer.

[stevedaytrader] 13/7/2018 10:55

Yep All- until we get some dollar weakness, gold is stuck- all goldies down we are just in line with all. TRUMP is killing goldies, tariffs won't help, his tax cuts have meant his monetary policy can keep a hawkish FED, rest of world is opposite. Odd thing is that gold is not being used as safe haven, dollar is- at some point this will change, but tough I know with all holding goldies. As I've posted before, I'm a day trader, but one of my very few long termers is this stock, and there has been no news other than positive in this one, especially in relation to other miners eg low costs of production, expansion capability moving forward.

[11_percent] 13/7/2018 10:53

monty,

Why did you pick 122p.

[11_percent] 13/7/2018 10:52

monty,

Yes, you have said that before, but I don't know if it will go that low.

Decisions, decisions....do we buy going down, or buy going up.

[montyhedge] 13/7/2018 10:49

11-percent

Yes, 122p HGM my target.

[11_percent] 13/7/2018 10:46

Gold at 1,245, about the same price as the low, on the dip in December.......the big question is, are we going lower.

[srpactive] 13/7/2018 10:45

c47

We have the q2 update this month.

[casual47] 13/7/2018 10:40

Randgold dropping more sharply. Definitely a summer lull in gold shares.

The run-up to the HGM H1 2018 prelim should be the start of the recovery here, one month of this drought to go?

[srpactive] 13/7/2018 10:37

Here they go again.

[11_percent] 13/7/2018 10:21

Good move Gary.

135 has gone, lets see if it goes to 130.

[garycook] 13/7/2018 09:58

Sold half my holding in the 150,s.Now back in for more at this price under 135p a bargain.

[srpactive] 13/7/2018 09:38

The mm's closed it wrongly last night, the bid was
135.2p and bid 135.5p, so they close at 134.9p!!

Whoever they are doing it for, just buy me out.

dyor

[11_percent] 13/7/2018 09:35

Fight is still for 135

[srpactive] 13/7/2018 09:31

W

As I said the other day, someone wanted it down all
year, even if a bid came in with a premium of 30% we
would only be at NAV ( 170p region ).
Let whoever have it, dyor.

active

[woodhawk] 12/7/2018 12:30

Increased my holding at average 135p. Averaging down from 140p!!