Highland Gold Mining Ld Share Discussion Threads

[loganair] 10/3/2019 13:46

Gold - (measured in dollar terms) had a tough week again. This week, though, it’s because investors are starting to worry that we’re heading back to deflation and that central banks won’t be able to loosen monetary policy fast enough to escape it. Between that and a bouncing dollar, it’s not a helpful backdrop for gold.

[stevedaytrader] 09/3/2019 14:37

Good for us, phew,on Friday jobs- missing target by a mile is good timing for when FED meet later in the month, should ensure dovish tones remain.

[haughtonhoney] 09/3/2019 07:23

What a turnaround

[stevedaytrader] 08/3/2019 17:02

Great end to the week.

[stevedaytrader] 08/3/2019 13:32

NFP miss, but wages up.

[loganair] 08/3/2019 10:29

HSBC are forecasting Fed to cut rates some time in 2020 as much of the fiscal stimulus would have already gone through and unemployment will have started to rise.

[loganair] 08/3/2019 10:24

German Government pushing Deutsche bank and Commerbank to merge as they say, before the economic situation in the Eurozone worsens.

Pushing one extremely poorly performing bank to merge with a poorly performing bank as the German government put it to produce a National Champion bank to take on the American big boys in the banking industry????

Remember what happened in the UK when the UK government pushed Lloyds a well performing bank with HBOS an extremely poor performing bank nearly toppled Lloyds.

[wbecki] 07/3/2019 21:40

@Casual

"Seriously....unless you are a tinfoil hatted gold bar owner you should FEAR a major recession that makes 2008 look like a walk in the park....."

Ahem..........
And silver.

And concur, the next recession will make 2008 look a walk in the park..hence positioning.




"Why people keep eluding to recession being good is beyond me"

Because it is coming and it is inevitable is why!!!!!!


Interesting to see in US the following:

FY17
Social Security benefits $934bn
Medicare $595bn
Medicaid $375bn
$1.9 trillion

But apparently Defence is the probllem!!! No it isnt.

Defence $569bn



FY18
Social Security benefits $977bn
Medicare $585bn
Medicaid $389bn
$1.95 trillion

But apparently Defence is the probllem!!! No it isnt.

Defence $599bn

Net Interest $310bn(2017), $371bn(2018) Ouch.

[loganair] 07/3/2019 13:50

ECB say will not be raising interest rates this year and will keep reinvesting the principal in the bonds they already hold until well after this date.

ECB have offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s slowing economy.

So no QT from the ECB for the foreseeable future.

[stevedaytrader] 07/3/2019 13:42

At last, someone who finally agrees with me on 2008 and recession in general! I too, Casual over the some time on these gold forums why people want a recession- I will not be holding any stocks when this happens (hopefully I get my timing about right). HGM plummeted ~75% in 2008, gold dropped too. Why people keep eluding to recession being good is beyond me.

[casual47] 07/3/2019 13:38

I don't get this glee about a forthcoming mammoth recession.

Reminder that the HGM shareprice COLLAPSED during the heat of the 2007-2008 financial crisis.

Also a reminder that the assets HGM holds are in RUSSIA. If there is a global meltdown of an order not yet seen do you think Western investors will feel happy holding paper investments in Russian assets? Do you have any idea what such a meltdown will do to Russia? Can you trust them to not seize and nationalise all their gold mines?

Seriously....unless you are a tinfoil hatted gold bar owner you should FEAR a major recession that makes 2008 look like a walk in the park.....

[wbecki] 07/3/2019 13:01

@logan,

Indeed. Which means when the debt bubble ends it is going to be an almighty burst the like of which we have never seen before. Will make GFC 2008 look a walk in the park.

[loganair] 07/3/2019 12:45

While interest rates are kept low, companies will just keep on taking on more and more debt.

[wbecki] 07/3/2019 12:04

"loganair
7 Mar '19 - 11:49 - 13663 of 13663
0 0 0
Fed funds rate topping out at 2 1/4% to 2 1/2% shows structurally the US economy is not doing well."

In addition to National indebtedness how indebted are corporates Logan?

We all know a debt bubble burst is coming - just a question of when. The ponzi schemes are eye wateringly large now, Car LEasing, Student debt,and National Debt, both in US, Uk,Europe, japan and even China (Corporate side)

This cant keep going on indefinitely.

[loganair] 07/3/2019 11:49

Fed funds rate topping out at 2 1/4% to 2 1/2% shows structurally the US economy is not doing well.

Why - Because most spare money has gone into share buy backs instead of on capital investment - short term behaviour by both companies and governments.

[stevedaytrader] 04/3/2019 11:54

Agree long term- end of the week non-farms will either boost or drop short term- >expected will heighten the danger of not so dovish fed on 20th March, poor non-farms will keep it dovish... no guesses for what I'm hoping. Long term remains strong.
Casual, agree too, short term gold is proving extremely hard to predict, the FTSE is doing better than I thought with BREXIT woes, so long as variables are reduced next week meetings, will boost it a bit- but not a big boost until decision is made. Worth waiting for the climb- there are so great bargain stocks out there for the long term.

[quigonjin] 04/3/2019 11:27

Depends on the US$. Will likely get stronger but only for short/medium term. Economy can't sustain $20+ trillion debt. Once that starts to fade, gold will appreciate significantly imo. If anyone interested, Gold/CNY is a better indicator of where spot gold is going

[casual47] 04/3/2019 10:23

$1285/oz should hopefully be a bottom support. If we don't get back to $1300/oz soon then I guess it will solidify into a pretty strong resistance until there's news to push us above.

I wouldn't want to place a bet on which odds are better: seeing $1200/oz or $1345/oz again this year.

[casual47] 04/3/2019 10:17

Urgh. I suppose it's because of stuff like this that there's the "Russia discount"....

Russia’s investment image suffers yet another blow



"The country’s richest man, its biggest foreign portfolio investor, and the boss of its biggest foreign direct investor — all have been jailed or driven out of Russia in the past 15 years. Now it is the turn of one of the largest foreign private equity investors. While many of his counterparts have left as Russia’s relations with the west have soured, Michael Calvey, founder of Baring Vostok, stayed. Today he is behind bars, facing trial on dubious fraud charges linked to a business dispute. Russia is yet again shooting itself in the foot when it comes to wooing investment. The Kremlin no longer seems to care."

"net foreign direct investment fell to $5.7bn in the first three quarters of 2018 from $26.4bn in the same period of 2017"

[stevedaytrader] 04/3/2019 09:11

Didn't see such a big drop in gold, and continuous drop. hitting us at the mo short term. Strange times, very hard to predict. USA data on non-farms end of this could send gold either way.

[stevedaytrader] 01/3/2019 09:48

USA GDP didn't fall as much as expected yesterday, causing gold to fall a fair bit, relatively speaking. Businesses still investing, the fear is always the FED, although long term consensus is that growth will continue to slow in USA, so I don't see gold falling much further. The FTSE is up, and unlike other gold stocks like CEY and FRES, we tend to rise when the FTSE does.

[stevedaytrader] 28/2/2019 17:57

Agree Causal- CEY battered on second set of poor results and forecasts (I can see you posted there too), the board's gone a bit mad but understandable when such a drop with many in the game. Fres down a bit on results too. FTSE dragging us here, many of stocks down this week- gold is flat/down a bit when most expected a rise, last few weeks has been sooooo good. Dow not getting hammered on the US GDP news, fingers crossed we start to move up, although we need some definitive stuff on BREXIT here (don't laugh), either way, definitive progress will be good for stocks short term.

[casual47] 28/2/2019 14:07

Miners showing weakness across the board. Maybe too many punters were betting on gold to push through 1350$/oz and beyond.

[stevedaytrader] 28/2/2019 09:00

Yes, a bit odd why it's not up.