Hochschild Mining Share Discussion Threads

[hectorp] 12/10/2016 10:26

gaaston fair point,

The eye of the investor has been taken off silver and gold miners to an extent, partly for the reason you stated.
BUT look at HOC and FRES in the light of the fact they make dollar earnings from PM sales in the Americas - and report in sterling!
Sterling has fallen say 15%, this converts to a similar percentage increase in HOC profits in sterling once reported. Assuming we are talking profits!

[gaaston] 12/10/2016 10:03

right now and to the outsider precious metals are off peoples radar: what with FTSE doing so well. Times will change but this area is out-of-fashion, maybe just momentarily ?

[hectorp] 12/10/2016 09:36

Coz it's got a gold foil cap on the bottle.

[muffster] 12/10/2016 08:57

How do you work that out, double top?

[juju44] 12/10/2016 08:53

Looks like double top being established .

[edjge2] 12/10/2016 08:36

gold, silver steadyish 250 again now, has been for a few minutes. FRES not so good I assume. 245 coming?

[lauders] 12/10/2016 07:53

FRES - Good, bad or neither way for HOC today? Will be interesting to see how their update might impact HOC in the day before HOC's figures!

[hectorp] 11/10/2016 18:47

shorting cable is so obvious that it would not have missed Blackadder's errant servant. Downside for sterling probably : but there will be large jacknives to take out the very short term.

Silver drifting a bit again tonight, but there is all night to come in Shanghai to come ( enter the dragon, Bruce Lee and girls dressed in blue satin).

[edjge2] 11/10/2016 18:10

I took some too today, too early but it bounced exactly on 250. Likely in oversold but shenanigans to let instis in cheap for the big bounce. Hec some saying bounce back to 1.27 as boys overdoing it but shiny stuff a good hedge. Suspect any metal will be worth more than any fiat in times to come.

Shorting cable may be obvious but it is too obvious to my mind.

[hectorp] 11/10/2016 17:42

I also, hope that the drift today is more of a buying opp than part of a downslide. There is a tired look to the Hoc chart though at present. But- no wonder, silver has lost over 200 points recently. The Chinese are back but so far this week, its not done much. Gold, looks supported at over 1250 though.

I'd expected silver to be back in the $20's really, and it's not looking like it as yet. Of course, the update will show that silver prices over even $14 -15 are very positive for HOC's mining ops. Compared with 90p days, 250 looks a lot better, but to reach above the 300p price range, I still think we have to get $20 silver.

In sterling, we have been well supported by gold AND silver as the pound falls ( though not 100% of course). Gold is up over two weeks. ( now £1020) of course these are devalued pounds!

[dt1010] 11/10/2016 15:40

I too bought some more today FWIW

Would like to think we'll see 400p in the next 3 months.

But then, of course I would.

Nice flag on the chart though ;)

[simonthe1st] 11/10/2016 13:31

I've bought more. Good buying opportunity in my opinion.

[edjge2] 11/10/2016 13:31

Hope the drop is not a symptom of the update coming but looks like dollar strength screwing us up

[simonthe1st] 11/10/2016 13:29

Re: Q3 Mining Production Results due Thursday

gaaston 11 Oct '16 - 12:02 - 7406:
"No doubt the figures will be good: I expect a share price rise before the result and maybe quite a bit of selling afterwards."

The opposite happened in July.

HOC's share price FELL in the run up to the Q2 Mining Production Results on 21 July, then soared.

[simonthe1st] 11/10/2016 13:16

Re: precious metals

Bottom tomorrow?

"As I’ve noted before, the bloodbath phase of an intermediate degree correction usually lasts 4-7 days. Friday was day four. If the bottom didn’t form on last Friday's employment report, then I’m going to say it will form by Wednesday of this coming week."

[stevenrevell] 11/10/2016 12:40

We need 25% tomorrow

[gaaston] 11/10/2016 12:02

No doubt the figures will be good: I expect a share price rise before the result and maybe quite a bit of selling afterwards. The world has to move round a few times before there's a meaningful shift: history doesn't always repeat itself but it doesn't matter
for those looking forward to chunkier dividend in times to come. Ends

[juju44] 11/10/2016 11:24

That Shangai opening sure fixed the metals smash down

[onedayrodders] 11/10/2016 11:20

disappointing silver action and outside US hours

[hectorp] 11/10/2016 11:15

I agree johntrustee, I am simply saying short term the Share price could drift a bit until silver can get back on the upswing. I'm only thinking, a week, maybe two. I can see stronger support around 225.

[johntrustee] 11/10/2016 11:11

Anybody can see that HOC is undervalued at 260. With a PE ratio of 6.1 and excellent assets. With banking/currency/geopolitical instability all over the world it is amazing to me that it remains low. I usually find that individual investors are well ahead of the market. The analysts are usually the last to react.

[hectorp] 11/10/2016 10:04

I'm not so sure we will get a rapid bounce in silver over the next few weeks, there are still very many more long than short positions in the Comex .
I sense we will drift a little in the miners but I hope to be wrong in this.

Simon and SG - getting silly, just let it drop.

- free advice!

h

[topicel] 11/10/2016 09:41

Lol Lauders, you and I both know Zac is a pump and dump merchant with his own agenda, and as for the big rise after the July production numbers, well, anything and everything silvery and goodie was shining then.

Obviously good numbers again will be good, but the sentiment and general mood is completely different. As you say, 25 percent would be more than welcome, but it won't happen unless we have another Brexit event to assist the global worries to buy PMs.

I'd be pleased with a return to £3 or more reasonably £2.90 if HOC can add good forward looking statements to growing production in terms of 2017 and beyond, especially concerning dividends.

IMHO we have consolidated and it is now about company specifics again here.

Topicel

[lauders] 11/10/2016 01:48

Since I posted that a few weeks ago here Simon the share-price has declined. Not so sure I would trust what Zak says anyway, but HOC will hopefully continue yesterday's trend and start going back up now. If we can make 25% after the Q3 figures I would be very happy indeed. Being greedy I would like more of course, but 25% would be just fine ;-)

[simonthe1st] 10/10/2016 23:45

380p by end October?

MasterInvestor 03/09/2016

"Hochschild Mining (HOC): Broadening Triangle Targets as High as 380p

The rise and rise of Hochschild Mining so far this year has been as powerful as it has been impressive. The latest phase of the climb started at the beginning of June, which is where the present broadening triangle has its support line running just below the 50 day moving average at 250p. The likelihood now is that provided there is no end of day close back below the 50 day line we should be treated to a new, significant leg to the upside. The favoured destination at this point is regarded as being the June resistance line projection at 380p – on a 1-2 months time frame. A clearance of the 10 day moving average, at 274p currently, would be a decent momentum buy trigger for cautious bulls."