Hochschild Mining Share Discussion Threads

[richkid71] 13/8/2018 17:30

It’s all over. Get used to it. Steady decline for months and more to continue. I’m sure it won’t stay like that forever but for the foresable future you either get out now or suck it up.

[shakeypremis] 13/8/2018 16:52

But costs are higher now. I agree I doubt it would get down to 40p a share again but there is going to be a rout here if the prices don't improve.

[dt1010] 13/8/2018 16:46

HOC had a hell of a lot of debt when it was 40p. It was no way in the condition it is in now nor will be in 2019. I don’t see it retracing anywhere near there

If it does though, I will back up my tuk tuk.

[shakeypremis] 13/8/2018 16:36

No reason it can't go that low again if silver and gold tank some more. They had cut their costs to the bone at that point and they've been rising since. $14 silver and presumably a lower gold price would destroy profitability here.

[onedayrodders] 13/8/2018 16:25

Considering HOC share price was around 40p when Silver was around $14 around Jan 16, that would indicate considerable downside risk if PM's continue to weaken.

Unless I'm missing something

[shakeypremis] 13/8/2018 16:17

There are going to be some seriously cheap shares around in PM miners if the metal prices don't pick up. It's going to be like 2016 all over again.

[shakeypremis] 13/8/2018 16:16

It'll capitulate too Rodders. It will struggle to make any money at these precious metals prices and they look set to go lower still.

[onedayrodders] 13/8/2018 16:15

very good resistance from HOC though so far

[onedayrodders] 13/8/2018 16:14

I was saying here the long term support line had to hold at $1240 or we are off to no mans land below and may need to test 2016 lows. Well not me but I-Gold chartist Christoper Aaron.

A great call from him.

I think Juju said he was just another clown at the time.

;o)

[shakeypremis] 13/8/2018 15:12

Could be years before gold actually goes up again so we can make some money in the miners though.

[dt1010] 13/8/2018 13:46

It’s alright. They will rise.
The USD is the biggest safe haven in the world, still. But gold will retain its value long term where as long term the dollar loses 5% of its buying power every year, year in year out.

[shakeypremis] 13/8/2018 12:59

I haven't been invested in HOC since last year, got out at 250p-ish, but I am sniffing around again now. That BBC news article is the type of thing that can come out at the bottoms of markets. That said, gold and silver look absolutely awful right now and their charts both say they are going in to long term bear markets.

[chrismisson555] 13/8/2018 12:58

Better than the pound dustbin or at the moment, the silver dustbin

[eeza] 13/8/2018 12:49

BBC News.

"Gold is traditionally a safe haven in times of economic uncertainty.

However, gold prices have below $1,200 an ounce in London to $1,199 90 as investors choose to put their money into dollar-denominated assets such as US Treasuries.

Capital Economics analyst Simona Gambarini says: "The safe-haven demand that has been triggered by the crisis in Turkey is going into the dollar rather than gold, which has been a trend going on for a while now."

[edjge2] 13/8/2018 12:20

Seems gold thru 1200

[juju44] 13/8/2018 11:24

Big test for gold now . Will it or won't it . What do they want to do. Don't blame te falling dollar

[ladywormer] 13/8/2018 11:10

Interims tomorrow

[charles clore] 13/8/2018 10:56

juju - it was Jim Willie - he takes the contrary view.

[dt1010] 13/8/2018 10:54

Nasdaq will correct in Oct so best dump it in late Sep. The. Hop back on for a Santa rally in early Dec

[juju44] 13/8/2018 09:29

Never heard of it Charlie. Was it you ?

[charles clore] 13/8/2018 09:18

juju - who said 'the US dollar is the sheiss dollar?'

[edjge2] 13/8/2018 09:09

Glad I got a few TTD on your alert.

[onedayrodders] 12/8/2018 18:28

Until it's not