Highland Gold Mining Ld Share Discussion Threads

[stevedaytrader] 15/11/2018 09:33

Brexit was never going to happen and Trump was never going to be president, Leicester would never win the title lol- no deal is awful- most likely scenario is parliament disapprove, article 50 is extended to provide more time, and back it goes to the negotiating table- so long as no deal brexit is NOT approved, ftse and markets will be positive- if no DEAL brexit goes ahead, and i think that it is possible, i’ll be dumping majority of stocks. This deal could go ahead despite how unlikely it seems this morning. We can only watch and ur is exciting.

[casual47] 15/11/2018 09:18

The "deal" is dead. Mrs May will be an ex-pm very soon.

[stevedaytrader] 15/11/2018 08:35

Cabinet push through deal, usa and china trade positives vibes, good all round expect a descent rise today

[casual47] 12/11/2018 16:48

Any idea how the UT can be 142.6 when only two transactions today went through below 143, both at 142.9?

[stevedaytrader] 12/11/2018 14:10

Dollar strength continues... prob is Dow dropped and so did Nasdaq, then others eg ftse, now Dow recovered more than others and FED look to Dow so they stated continuing with FED tightening which hits gold and makes dollar strong. I sound like a broken record, it will weaken at some point....

[stevedaytrader] 09/11/2018 13:36

Looks like FED not well received by gold- continuing tighter in future despite hold for now. FTSE taking a hit too, taking longer to recover than I thought. Keeping fingers crossed position improves when US opens today.

[loganair] 09/11/2018 11:27

If truth be told the UK authorites are not really going after Russian money, like the banks who are too big to fail.

[stevedaytrader] 05/11/2018 18:28

Hard to predict that far out, but it surely will be up as he fed will have to be neutralised soon...

[loganair] 05/11/2018 15:37

For what it is worth:

The Canadian bank, TD Securities sees gold prices ending next year at $1,325 an ounce and sees Silver prices pushing towards $17 an ounce.

[jimbowen30] 03/11/2018 12:51

Not sure if the recent Highland Gold presentation has been posted before, but it’s well worth a watch.

[stevedaytrader] 01/11/2018 06:30

Gold not bombed, pound strengthens ovenight with brexit trade rumours looking better, so fingers crossed for a rise this morning

[loganair] 30/10/2018 22:13

As I mentioned about a month ago srp has not been active on any thread for around 3 months, now nearly 4 months and he had something like 21,000 posts.

I hope srp is well and still with us.

[coxsmn] 30/10/2018 20:21

what happened to srp? its been months.

[loganair] 30/10/2018 19:53

The reason this gold goes through Switzerland is that the UK and US gold bullion is of a lower fine grade and is melted down and the finest of the grade increased to .999

[fangorn2] 30/10/2018 12:31

Greyerz: China Just Took Delivery Of A Massive Amount Of Gold From London & New York



And when the paper market breaks, and China dominates the gold market, it’s going to be very interesting because I really look forward to the West failing in their manipulation of the gold price through the various paper markets and through the interbank market."

We again see that Switzerland is buying the 400 ounce bars from the UK and US bullion banks and converting them into 1 kilo bars and then shipping them on to Asia. Last month there was hardly any buying from the mines. It all came out of London and New York.

[loganair] 27/10/2018 22:25

Demand for gold was up 42 percent year on year in the first quarter of 2018 among central banks, the World Gold Council (WGC) said.

As well as Russia, Turkey, Iran, Qatar and Indonesia have significantly been increasing their gold reserves.

As the WGC notes in its report, gold buying is not only about hedging currency risks. “In an environment of heightened geopolitical tensions, gold is an attractive asset because it is not anyone else's liability and does not carry any counterparty risk.”

[stevedaytrader] 23/10/2018 16:28

Dow and FTSE will recover. USA tends to drive things, and all indicators are good, FED is continuing to put brakes on as it needs to, even I don't want it to!
For miners, I see them continuing to increase up until around Feb- these next few months of the years are good under normal US economic conditions.

[chipperfrd] 23/10/2018 15:54

The S&P is on an average PER of 24.6x, whereas HGM is around 10x (and many gold producers are much lower than that!). So if people want to buy the S&P - good luck! although it's mainly programmed HFT that's moving the stocks rather than actual people anyway.

[casual47] 23/10/2018 15:38

My portfolio is rather weighted towards PM so I'm with you. We will need the vast majority of investors to go a little bit our way to hopefully get the returns we're holding out for.

Gold quite strong, US markets losing several months of gains (NASDAQ back down to where they were in May) but, imo, I can't see much evidence of too many folk thinking this much more than a temporary pullback? I can still see US markets going back up the rollercoaster some time in November with possibly a pull back for mining shares. Seems not quite the time yet for further mining sector wide leaps ahead?

[chipperfrd] 23/10/2018 13:03

casual47,

Frankly, I would rather not be following the "vast majority of investors", for obvious reasons!

The received wisdom in the markets regarding gold has been heavily influenced by TPTB for decades.

The 'London Gold Pool' controlled the price for many years (through the 60's) at c. US$35/oz until France broke ranks and the Pool began to fall apart. Rest of the World prices paid were considerably higher than London for many years and the US lost 12,000 tonnes of gold trying to keep the price down. It all culminated in Nixon's move to prevent further losses (in any case the US had already broken it's own rules regarding the debt/gold ratio of it's own reserves).

The US was forced to devalue the USD 10% against it's remaining gold holdings and that 'official' value exists to this day although I have serious doubts about their unchanging level of holdings (c. 8,140 tonnes) having waded through all the USGS docs since 1950 in order to get figures for the actual gold flows into and out of the US over all the intervening years.

Then the futures market was born and, as we know, The COMEX-LBMA combo have effectively set the world price based on gold derivatives ever since.

Central Banks the world over hold reserves of gold but private citizens are not encouraged to get involved so it is hardly surprising that the prevailing sentiment amongst PI's is generally negative or indifferent.

Multiple banks have admitted to involvement in the price fixings over the years but the financial press keep it all very low key.

So not an easy sector to be involved in at all!
Chip

[casual47] 23/10/2018 12:03

Chip, sure. I agree that gold has held its value.

I'm just not sure that translates into "make it a substantial part of your investment portfolio". For the vast majority of investors (even the ultra rich) gold continues to be a pretty niche concern compared to the rest of their assets (their own house/other real estate, pension, funds etc).

(Re. Barrick: With safe I meant safer in terms of not losing your shirt on it, compared to a lot of other miners)

[chipperfrd] 23/10/2018 11:47

casual47,

It's all opinion of course and we all have to find our own investments which we are comfortable with.

As for Barrick - I have never considered that safe by any stretch! It was renowned for being the king of gold hedging and lost out considerably with the runup in gold from c. US$250/oz at the turn of the century. In fact, based on my research, N.American PM stocks are generally over-priced in relation to their London-listed and Oz-listed peers.

My earlier post was just emphasising the proven evidence of gold maintaining it's purchasing power over the 47 years since Nixon closed the Bretton Woods gold window.

Chip

[casual47] 23/10/2018 11:16

Chip, yes but that's still pretty general.

That's basically saying what every high street financial advisor says: it's good to have a balanced portfolio of assets, firstmost of course holding enough cash, owning your home and building up a pension.

What it doesn't do, imo, is strengthen the investment case to tilt the whole portfolio towards more specific sectors (gold miners) or segments of those sectors (Russian gold miners).

PM miners are extraordinarily speculative. Even the ones considered as safer than others. E.g. the shareprice of Barrick Gold is currently sitting at 1993 levels.

And a lot of pensioners who retired around the time of the crash were especially hit on all of their assets: stock-based, house value, savings interest rates etc and still haven't quite recovered.

[casual47] 23/10/2018 10:50

Until the end of the US midterms the markets may be extra irrational. The next two weeks will be an opportunity for Trump to further do lots of posturing and project himself as the strong man the country needs, with a lot of extra spin on perceived scare stories (immigrant hordes, ms-13, yellow peril, neo-soviets, arms race....and other general purpose "bad hombres")

I expect a lot of the hot air will be let out 7th November onwards.

Arguably whatever the outcome it may be a boost for the US dollar. If the republicans lose the house of representatives it may be perceived as a "safety valve" controlling Trumpism, if the republicans hold or gain then it could be perceived as e.g. a turbo boost to tax cut plans.

[chipperfrd] 23/10/2018 10:47

casual47,

From my point of view it reinforces the underlying reasons why (over the longer term) one needs to deploy ones capital to hedge against the inflation caused by currency printing.

It is certainly why I hold both PM metals and stocks. So from my point of view that is the practical use of this info, particularly at a time when the principal central banks have gone to absurd lengths to save the banks and the financial system without any attempt to bolster the real economy.

Chip