Hochschild Mining Share Discussion Threads

[juju44] 07/6/2018 14:15

Will yanks whack the metals back down again . They have consistently done it for so long

[stevea171] 07/6/2018 11:06

Interesting article on developments in breaking the Comex/LBMA fraudulent suppression of gold prices. Included is an update of the relatively recent Comex scam of issuing EFP transfers for delivery from London but where London never delivers and all reporting is opaque so that no one knows what is going on (apart from the scam merchants) but this is all ok with the regulators, of course ....
It's in Word format.

Biezanek’s analysis is headlined “The Imminent Endgame for Comex/LBMA/Petrodollar Hegemony” and it is posted in Word format at GATA’s internet site here:



THE PETROYUAN CONTRACT
On 26 March 2018, after many years of preparation and delays, the first rival to the complete dominance of the petrodollar began operations on the Shanghai Energy Exchange. Although 12 individual monthly forward contracts are quoted, almost all trading action is centered on the inaugural and front-month contract, the SC1809, with the last SC1809 delivery date on 7 September 2018.

Settlement is effected only by delivery of oil. No traders on this exchange are at all interested in U.S. dollars or they would have traded in such in the first place. By its recent overaggressive, paranoid conduct, the U.S. administration has indirectly promoted this petroyuan trading facility as if its success was a strategic imperative, and certainly Iran, Russia ,Venezuela, Turkey, and Syria, among others, will almost certainly now be using the Shanghai Energy Exchange.
The trading volumes are recorded below. (This data is for the SC1809 contract only, but this is where all the current trading action is concentrated. It is important to observe Note 3 on the monthly data tab, which states that all turnover is recorded in yuan 10,000 units at the internet site.)

Whilst the emergence of the petroyuan is never mentioned by mainstream news organizations, the figures in the above table above are from inception and were achieved in just two months. On 28h May 2018 the value of turnover on the SC1809 contract was 114 yuan billion in a single day. June 2018 has started with turnover of 131 billion yuan on the first of the month. These numbers in trillions of yuan have to be extremely material in terms of the current global economic order, but the full impact and significance may be revealed only in the coming months. After all, the inaugural SC1809 contract settles in the first week of September 2018 and, while the expectations of instant gratification in respect of just about any trading development is the norm these days, the petrodollar has dominated and been embedded in the world order into which most people alive today were born. The consequences of trillions of yen being diverted to Shanghai away from trading activity in the petrodollar will have gargantuan consequences, but maybe not today or even tomorrow.

PROBABLE DEVELOPMENTS IN THE PHYSICAL GOLD MARKET
Over the last decade I have followed carefully the output of about a dozen very knowledgeable commentators on the gold and silver market. I do not believe that an orderly rise in the price of gold to (say) $1,450 per ounce is more probable than a “reset.” The charts of the gold price depict the current status quo whereby any imminent and potentially favorable chart development has been obliterated in nano-seconds by the algos dumping billions of dollars of naked short paper contracts.
That is how it has been for decades and so that is regarded as the natural order of the universe, and observers genuflect to data such as the CoT and open interest report, because that is what determines the direction of tomorrow’s corrupted paper gold price.

Why would the price of gold be allowed to increase even modestly? Naked short paper gold contracts can be supplied with no limit on volume and with impunity, with no danger of regulatory intervention.

Yes, the open interest on the Comex would explode far beyond the current benchmark of about 500,000 contracts, but inordinate increases above this threshold are now being managed on a daily basis by the volume of EFP/ESF transfers (which certainly have nothing to do with physical gold delivery, as proven above).

The first week of September 2018 could be an interesting time, with the settlement date of the inaugural Shanghai petroyuan SC1809 contract coinciding with the reported live inauguration date of the Kinesis money gold-backed blockchain currency. These petroyuan contracts will thereafter mature serially every 30 days or so. (The SC1810 settles on 28 September and the SC1811 settles on 7 November, and so on.) The theory is that most of these yuan floating around in Shanghai will seek a home on the Shanghai gold exchange, where all settlements are effected only by the transfer of physical gold.

Various retail exchanges have available for sale gossamer amounts of bullion coin and this has created a Potemkin-type veneer to assist in prolonging the charade that the Comex/LBMA paper gold price is a true market price. Large wholesale gold and silver purchases (if they occur at all, and backwardation indicates extreme tightness) are secretive over-the-counter contracts with no mechanism for public price dissemination.

[richkid71] 06/6/2018 16:36

Just more speculation what may or may not be happening.

[dt1010] 06/6/2018 16:25

Well....be assured that if they were Off loading and there was no bid then the price would drop. It is holding though.
Which means someone is selling.....to someone else and the price is being capped to enable it to all go through without rising above 220p.

[ifthecapfits] 06/6/2018 15:27

This is so blatantly being 'managed' that one might presume that someone is accumulating in size - so as to T/O? or taking a large position before letting it go. So many 'A' trades going through - been like this for a long while. Never seen it in any share that I have held before.

[ifthecapfits] 06/6/2018 14:02

Silver making a break - yet share price held at 220.

[dt1010] 06/6/2018 10:23

Juju wow that was on the positive side of negative, steady on.

[nav_mike] 06/6/2018 09:01

220 bid is being instantly hit every time, so one of the algos obviously has been set to do this

With PM prices asleep, and 220 being such an obvious resistance level, I guess its a trade with the odds in its favour.

C'mon HOC pull a rabbit out the hat and surprise us :)

[juju44] 06/6/2018 08:50

Looks to me that some big punter wants out at 220 . When he finishes things should change . We are still looking up at that gap that was left behind at 320 - it will have its day to be filled

[dt1010] 06/6/2018 08:47

The longer the better

[ifthecapfits] 06/6/2018 08:26

Still being held - back that is.

[dt1010] 05/6/2018 07:03

Juju you are a loser through and through. I know that because you’re always so negative. Do you get off on it? You have nothing to offer.

[juju44] 04/6/2018 20:31

Nope , I just read your posts and pray for you .I don't hold your irrational ramping against you as I assume its the menopause

[dt1010] 04/6/2018 19:58

You are so repetative juju.

What do you do for a living?

Let we guess? Factory work? Lol

[juju44] 04/6/2018 16:26

Yank corruption machine rules

[nav_mike] 04/6/2018 16:10

Like trying to push string uphill

[juju44] 04/6/2018 15:16

Can't win boys

[dt1010] 01/6/2018 15:46

Gold will prosper when the US economy tilts down and interest rate increases are off the table.

[juju44] 01/6/2018 13:48

Consider all the sh1t globally , Spain , Italy , debt , trade wars , NK , and on and on yet PMs cant make any progress . It's because the dollar is all powerful and the crooks can manipulate everything so that their clique are protected . Us plonkers will never outsmart them . They want our money and they can get it

[richkid71] 01/6/2018 12:11

Wasn’t PE suppose to drop THIS year. Now it’s next year, or it could be 2035. This sector could be out of favour for 20+ years.

[dt1010] 01/6/2018 11:29

No stress here. I tell you. The longer this remains cheap the more I can buy. In no rush for profits as intend to hold it for 10 years+ and take more shares in lieu of dividends. It’s a quality play with quality assets and quality management in an out of favour sector. Not worried about gold at all. Nor should any of us be. Next year the PE here will drop enormously and the price will rise. So make use of these prices to accumulate. You can bet that the bots are keeping it down to allow accumulation.

[stevea171] 01/6/2018 10:49

Gold is not being allowed to re-cross the 200DMA back to where it was. The gold cartel for now is able to prevent a resumption of the strong gold rising chart. The 200DMA curve is starting to flatten out now so the aim may be to turn it down in the summer months ahead of the next gold season commencing in August.



Silver in vice like control below the 200DMA to act as a brake on gold and because it's much easier to control than gold. All the experts' forecasts of silver breaking out much higher month after month have come to naught.
1st June. With 5 months of the year now gone it's been another wasted year so far iro silver prices.

[edjge2] 01/6/2018 08:53

Boris yes hold on to bucking bronco trading out and in may not be easy when brakes come off with a V or more likely a tick.