Highland Gold Mining Ld Share Discussion Threads

[garycook] 06/8/2018 01:41

Good read concerning undervalued Commodities and Gold

[11_percent] 05/8/2018 23:04

Gold for the week ended Friday.

Moving lower.

OUR ANALYTICAL ANALYSIS AS OF THE CLOSE OF Fri. Aug. 3, 2018: NY Gold Nearest Futures closing today of 121810 so far is trading down about 6.96% for the year from last year's closing of 130930. Thus far, we have been trading down for the past 6 days, while we have made a low at 120740 following the high established Thu. Jul. 26, 2018, this price action warns of at least a pause in trend if not a retest of key support. Only a close above 122340 would imply a retest of the previous high. We did penetrate the previous session's low and closed higher. Nonetheless, the market remains rather weak. (Note: We have included reference to Reversals and Short-Term timing considerations in this Summary Analysis, but please keep in mind this is a preview only - these references will be removed from Summary Analysis and moved to our higher levels of market analysis upon the upcoming launch of our expanded platform service.)

From a cyclical perspective, the broader view which provides a map to the future is interesting. Our next yearly target in time for a turning point is 2021. Up to now, the market been consolidating trading within last year's range. The direction into the next target due 2025 will be indictaed whether we close above or below last year's closing of 130930.

The historical major high took place back in 2011 and we have then witnessed a bearish subsequent trend for 6 years. The correction since that high has been a 54% decline with the next general key area to watch would be 42321 and a closing below this area would technically warn that this market is indeed in meltdown mode. There was a subsequent correction low that formed during 2015 and we have bounced some 16% which has been a reasonable rally to date. We have elected both long-term yearly buy signals during this bounce currently which suggests that a pause in the decline was warranted. This market on the yearly level has been consolidating since the high established during 2011 for the past 6 years with a subsequent low established during 2015 at 104540.

Meanwhile, our technical resistance stands at 158834 and it will require a closing above this level to signal a breakout of the upside is unfolding. Utilizing our Reversal System, our next Weekly Bullish Reversal to watch stands at 133770 while the Weekly Bearish Reversal lies at 120390. This provides a 10% trading range. Turning to the broader Monthly level, the current Bullish Reversal stands at 135770 while the Bearish Reversal lies at 121420. This, of course, gives us a broader trading range of a 10%. Immediately, we closed the last session trading at the 121810, which is below this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal a rally is unfolding. Right now, the market is trading some 8.94% beneath that level.

A possible change in trend appears due come November in NY Gold Nearest Futures so be focused. The last cyclical event was a high established back during April. Normally, this implies that the next turning point should be a low. However, the market has been neutral for right now so caution is advisable. Watch the short-term trading levels for a hint of the next directional move into that target time frame. Last month produced a low at 121070 but closed on the weak side and so far, we have broken beneath last month's low 121070 closing yesterday at 121810. We now need to close below 121070 on a monthly basis to imply a continued decline is possible.

Our Daily level momentum is bullish while the trend indicator is neutral providing a mixed short-term posture for the market. Turning to the broader picture, our long-term trend and cyclical strength indicators are both bearish reflecting resistance forming at 121300.

On the weekly level, the last important high was established the week of April 9th at 136940, which was up 17 weeks from the low made back during the week of December 11th. We have been generally trading down for the past 7 weeks, which has been a sharp move of .0804%.

Looking at this from a broader perspective, this last rally into the week of June 11th reaching 131300 failed to exceed the previous high of 136940 made back during the week of April 9th. That rally amounted to onlythree typical reaction weeks. Subsequently, the market has breached that low of the week of May 21st and has closed beneath it warning the market is weak. Since then, the market has consolidated for the past 7 weeks. Right now, the market is below momentum on our weekly models casting a bearish cloud over the price action. Looking at this from a wider perspective, this market has been trading up for the past 11 weeks overall.

At this moment, this market is in a downward trend on all our indicators looking at the weekly level. On the subject of the direction of this trend, we had been moving down for-2267 weeks. Subsequently, the market has consolidated for the past 2274 sessions. The last high on the weekly level was 131300, which was created during the week of June 11th. The previous weekly level low was 128120, which formed during the week of May 21st, and has now been broken in the recent decline. However, we still remain below key support and key resistance now stands at 128120 above the market.

Some caution is necessary since the last high 136940 was important given we did obtain two sell signals from that event established during April. Critical support still underlies this market at 119440 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible. Nevertheless, at this time, the market is still weak trading beneath last month's low. Taking a broader view, this market is in a downward trend on all our indicators looking at the monthly level. Inspecting the direction of this trend, we had been moving down for-519 months. Subsequently, the market has consolidated for the past 522 sessions. The last high on the monthly level was 136940, which was created during April. The previous monthly level low was 104540, which formed during December 2015. We have generated a sell signal, so some caution is required.

[coxsmn] 05/8/2018 21:08

https://www.rt.com/business/435043-gold-russia-reserves-analyst/

[cinquepercento] 03/8/2018 09:24

Gold now 1215 but HGM seems to be stuck around 126 to 128 while Centamin has dropped to 113 now.

One would think that the shorters would try to get gold below 1200 so it will be interesting for the next few days.

[11_percent] 03/8/2018 07:49

Critical support still underlies this market at 119440 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible.

[garycook] 03/8/2018 07:44

Hopefully Support at $1,200,Would love to buy more HGM,at these levels,but loaded up and fully invested with 35,000 shares atm,along with 28,000 shares in CEY,which are also excellent value atm,with its dividend now matching HGM.Probably the 2 best value with 8% yields,out of all the Gold Miners atm.

[11_percent] 03/8/2018 07:33

Gold at $1,206

[stevedaytrader] 02/8/2018 20:20

Gold now at 1209, FTSE down 200 pts in 2 days, dollar stronger, at some point, and I know I keep saying this, things will turn... fingers crossed, golf tomorrow, so no checking til Monday- good weekend all.

[stevedaytrader] 02/8/2018 11:39

Casual47- agree, gold always performs bad in the summer, thought this year would be better, but not so. Yes on CEY, I have some, I was tempted to buy more by selling some HGM, when the price shot up but glad I didn't when it bombed- I suspect automated shorting although not checked. Long term remains good, HGM news today today good- my majority holding is in HGM as they have the best future, holding cash but also protecting the future- other goldies are quite so well balanced. I feel CEY, RRS are bargains too, as are we. All it will for gold is a FED back off from the rise in Sept- at some point they will cease cutting stimulous- no-one, a year ago, suspected TRUMP would not have done something to help gold- eg war threats, econonmic issues, the fact that he stated he wants a weak dollar(and still does)- he has done the reverse with help of his policies of tax cuts and trade tarrifs. At some point this will change.

[celeritas] 02/8/2018 11:25

It extends the area hgm are already operating in, great news.

[casual47] 02/8/2018 11:07

The Q2 operating results were more significant to the company than the licence news and it couldn't stop the shareprice getting hammered, so doubt it would have much impact.

Hoping we have fully cleared the gold silly season when the financial results are released, if not then even that won't help with the shareprice....

(Centamin's H1 results published today are solid and better than expected - full year revised gold oz guidance is maintained, costs lower than expected, interim divi higher than expected, 300m cash at 30th June, no debt......yet we may see a pullback in shareprice....the silly season is just stronger than anything at the moment)

[junk] 02/8/2018 11:03

Well i am filling my boots on this one, dont see much downside baring an unexpected disaster, and with the spread so low it is easy to trade

[borisjohnsonshair] 02/8/2018 11:01

This is such a bargain.

[cinquepercento] 02/8/2018 10:53

Re:New Exploration Licence,announcement this morning.
It will be interesting to see what effect this will have on the share price.
I suppose that it will take a few hours for the market to wake up to this.
Surely it would mean more expenditure,not profits in the short term.

[stevedaytrader] 02/8/2018 10:42

Thanks Junk- missed this one.

[junk] 02/8/2018 10:37

RNS

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce that it has received a new exploration licence for the Vilkinskaya zone, a greenfield site adjacent to the Company's existing licences for Mnogovershinnoye (MNV).

Vilkinskaya is located to the northeast of MNV and covers a territory of 33 square kilometres. Potential mineralisation has already been identified at the site. The licence was granted to Mnogovershinnoe LLC by Russia's Far East Federal District Subsoil Use Department for a period of seven years.

In addition to the main MNV licence, the Company already holds licences for the Western and North-Western Flanks, as well as the Lower Horizons below current underground operations. Last year, the Company received two more greenfield licences for the neighbouring Zamanchivaya and Kulibinskaya zones.

MNV has been the focus of an extensive programme of near-mine exploration and reserve recalculation over the past three years. These efforts, which are ongoing, have already resulted in an extension of the life of mine as well as an updated mineral resource and ore reserve statement published last year.

A new JORC-compliant reserve estimate for MNV, taking into account recent exploration results, is currently in progress and is due to be published in Q3 2018. The updated reserve report is expected to further extend MNV's life of mine beyond the previous estimate of 2022.

[breaktwister] 02/8/2018 09:35

You can when you have a money printer and can dictate the price of money. Look at Japan for the model, their debt is over 200% of GDP and BoJ buys everything in sight, all bonds at negative rates, even owns 70% of the stock market.

[fangorn2] 02/8/2018 08:47

Badly for USA
Badly for Japan
Badly for UK
Badly for Europe
Badly for China.

One cant live beyond ones means indefinitely.

When the bond market bubble bursts, its going to make 2007-2008 Financial crisis look a walk in the park

[coxsmn] 01/8/2018 22:26

hows all this US debt going to end?

[coxsmn] 01/8/2018 22:25

In the papers;"THE US fiscal deficit is ballooning at a vertiginous pace as Donald Trump's tax cuts whittle down federal revenues, forcing Washington to borrow epic sums on the global bond market at an increasingly delicate juncture.The US Treasury revealed this week that it expects to issue $769bn (£587bn) of new debt in the second half of the year, far higher than expected just months ago."

[stevedaytrader] 01/8/2018 18:13

Loganair- trade worries returned between china and the usa which hit miners and metals again

[stevedaytrader] 01/8/2018 16:37

See my post from earlier- let's see what happens. Strong close for us, well, anything's better than another big drop!

[loganair] 01/8/2018 14:47

A strong upsurge in the US Treasury bond yields, with the benchmark 10-year yield climbing to the 3.0% psychologically important level was seen as one of the key factors weighing on the non-yielding gold price.

Meanwhile, the downfall is likely to get extended back towards retesting YTD lows, around the $1212-11 area, with a follow-through weakness, amid prospects for gradual Fed rate hikes, remains a distinct possibility.