Highland Gold Mining Ld Share Discussion Threads

[loganair] 22/8/2018 10:23

As the amount of foreign currency Russia holds hasn't really changed since selling most of it's US Treasury's says to me that the CBR brought other currencies with this money. Last year the CBR increased the amount of Chinese Yuan it held in its reserves by over 100%.

One thing for certain is that the CBR didn't buy any gold with the proceeds from the sale of it's US Treasury's as it buys all it's gold in roubles directly from the 4 banks that buy all the gold directly from the gold miners also paying them in roubles.

We'll know what exactly the CBR did with the proceeds from the sale of Bonds in around 4 months time.

[stevedaytrader] 22/8/2018 05:34

Russia added more gold reserves in July than any other month. 26.1tons last month bringing it’s holding to 2,170tons. this is presumably in the face of US sanctions. In April and May reduced its holding of US bills, notes and bonds by four fifths, and bought more gold leading to speculation that Russia was dumping US assets to shield itself from the growing risk of harsher sanctions

[loganair] 21/8/2018 20:53

The Central Bank of Russia continues to add to its gold reserves and added another 839,000 ounces or 25 metric tonnes in June bringing it's gold holdings to 1,969 tons.

So far this year, Russia has added a total of just under 131 tonnes of gold to its reserves, which could put it on target to add 225 tonnes over the full year extrapolating this data over the full 12 month period.

Should the CBR continue to add to its gold reserves at the present and recent rate it will move into third place in the table, over taking both France and Italy by the end of the current decade.

[fizzypop] 21/8/2018 14:58

Could that be a double bottom on the monthly chart at 128p? If so we should be looking for 140p by the end of August.

[stevedaytrader] 21/8/2018 09:01

The only dates I have is 13Sep Ex-Divi, 25Sep- Interim 2018 Earnings Release (Projected)

Fingers crossed TRUMP keeps tweeting/speaking for further dollar weakening and gold increasing, and HGM increasing.

[casual47] 20/8/2018 16:38

HGM definitely the most resilient goldie in my portfolio.

Will we need to wait to get the Interim Result date announcement or is it known whenabouts the results are due in? (Last year first week of September, year before end of September)

[stevedaytrader] 20/8/2018 09:02

Thanks Jimbowen30- great read. PS like the moniker!

[jimbowen30] 18/8/2018 09:07

Pimco view on gold

[stevedaytrader] 18/8/2018 08:45

Thanks Coxsmn- it's a matter of time, last month the non-farms missed by a fair bit, and wage growth again stagnant, but this didn't help as tariffs/China and Turkey worsened- at same time which aced these normal indicators- but some of the press hinted that the FED could take note in Sept but this was largely ignored, for now. Safe haven remained the GREEN- it will turn and when it does it could jump. Bit like HGM, one of my very few long-termers due to ace potential of the company selling at some point and the TRUMP hic-cup which will come- when it does it will be fast...

[coxsmn] 18/8/2018 08:30

Today's Telegraph"The gold price just needs a trigger to kick-start its move higher. Some market watchers wonder whether the annual meeting of central bankers at Jackson Hole in Wyoming next week will provide it. They will be looking for clues as to whether the Fed will begin tightening sooner, and tapering the pace of rate rises."

[coxsmn] 16/8/2018 18:53

There are some bargains around at the moment, here and elsewhere. Make the most of it.

[stevedaytrader] 16/8/2018 10:01

Coxsmn- hope u r correct, it bounced quite quick- part of my daily dashboard shows the gold price, USD/GBP and USD/Euro and green is good- first time I've seen GREEN on all 3 for a while... fingers crossed, touch wood etc.

[cinquepercento] 16/8/2018 08:17

1182.9 at the moment here on Advfn.

I wonder how low they can push this.

[11_percent] 16/8/2018 00:59

It is sitting on 1174

[coxsmn] 15/8/2018 22:32

I recently read gold is unlikely to fall below the 1180 support/resistance level, hope the traders are right.

[stevedaytrader] 15/8/2018 19:24

The mighty green needs a punch in face... somehow and soon

[stevedaytrader] 15/8/2018 11:30

Haha so true! My views remain the same- no recession in the next 6 months (my pension remains "high risk" I don't manage this, I leave it others), I am sure dollar will weaken, have posted my rationale many times on this. Just want HGM to remain flat at least and then rise. Cost base is low and expansion capability ace for the size of company, very well set for the future, other miners not so much. Having said this, they have all been hammered below what they should have been to all good value now- you can't always buy and bottom and sell at the top, but get somewhere in between year-on-year and you'll make money. HGM divi is superb.

[casual47] 15/8/2018 11:25

That said, this is the age of Trump so rationale isn't all that anymore.

But seriously, at some point a too weak yuan will prompt panic in the populace e.g. they may start hoarding dollars or move capital abroad. There is a consensus of sorts that passing 7 yuan/dollar would begin to worry the common folk, so at some point the Chinese government will have to step in. They can start to do it gradually or make a sudden policy decision. That's what the nervousness re. current chinese stock market fall seems to be about. As the article noted, none of this may yet come to pass this side of Christmas.

[stevedaytrader] 15/8/2018 11:18

Thanks Casual47- rationale makes sense :-).

[casual47] 15/8/2018 10:48

Patterns are only useful in as far they show what has happened and for that reason can happen again.

The 7 yuan/dollar thing is not about pattern. It is a psychological limit which the Chinese government is paying attention to and which will prompt action from them. They have certain fiscal and economical levers at their disposal which can mitigate against the yuan weakening further against the dollar (e.g Chinese banks can dump the dollar). Whether that will have a wider impact and also e.g. on gold who knows but given that we're talking about China....probably.

[stevedaytrader] 15/8/2018 10:43

Wouldn't hold any trust in patterns, never do- do you think the funds do? I just imagine them saying "oh- no, don't invest than 10billion in Amazon even though TRUMP has just made tax cuts and all of Europe/fast east hasn't and so can't raise rates, cos despite winning all these contracts, the chart a year ago said their stock is going down"- …..

[casual47] 15/8/2018 10:36

Last time 7 yuan/dollar was nearly reached was end of 2016. It was soon after followed by a prolonged weakening of the dollar vs yuan, a trend that didn't reverse until it reached the bottom 16 months later, April this year. Which coincidentally (or not) is when the sh1t started hitting the fan for us goldies.

[fizzypop] 15/8/2018 08:47

hxxps://www.dividendmax.com/united-kingdom/london-stock-exchange/mining/highland-gold-mining/dividends

[borisjohnsonshair] 15/8/2018 07:26

When is div announcement