Hochschild Mining Share Discussion Threads

[daybreakers] 14/11/2016 16:07

I'll be buying at 204-8

[onedayrodders] 14/11/2016 14:51

Hhmnn AG starting to look very dicey ..seems the market is waiting for DOW to weaken and when it doesn't PM's weaken again

[chipperfrd] 14/11/2016 14:41

Actually, the threatened US$14B was for mortgage fraud, they have only received a 'wrist-slap' of just US$36M for the gold/silver rigging - but probably due to their turning state evidence on the other banks.

[chipperfrd] 14/11/2016 14:27

Hector,

I note your earlier comments about silver and the high levels of open interest on the COMEX for the Dec16 contracts for both metals.

Thanks to the remembrance holiday on Friday in the US current data is delayed.

At last update there was 927 tonnes outstanding on the gold contract and 15,921 tonnes outstanding on the silver contract.

These levels are still way too high, but the paper smash of the PMs will likely have caused large Long closures so I think we can expect the end-of-month levels for those standing for delivery to be much reduced with 12 trading days still left to go.

However, actual withdrawals of silver metal from the COMEX vaults are running at 1,411 tonnes so far this year, so it is far from being 'just about paper'. Time will tell if the physical market will finally wrench price discovery from decades of paper derivative control.
Chip

[chipperfrd] 14/11/2016 14:16

Topicel (post #8193),

You obviously missed the court case in the US earlier this year!

Deutsche Bank has already admitted to rigging of the London gold & silver market in collusion with other banks.

There is an ongoing class action against all these banks.
Chip

[onedayrodders] 14/11/2016 13:53

Who's laughing now



Go to 3 mins in and imagine how Obama was feeling last week shaking hands with Trump in the Whitehouse !

Revenge is a dish best served by becoming President

[dt1010] 14/11/2016 12:25

Gold is the ULTIMATE protection.

Look at seeking alpha. Bearish on gold.

'Gold is acting as I thought it likely would this summer. It reminds me of its fake-out 1987 rally. The excessive optimism of the gold stocks (NYSEARCA:GDX) this year also reminded me of 1987.
What I did not know was what oil and platinum would do. Now we have our answer, interim as it always is.
Thus, I continue to find gold unattractive for new money investment. I also continue to want to see capitulation by the specs on the futures market occur, and at an encouraging price level, before putting capital into either gold bullion or stocks.
The way oil, platinum, silver and the US dollar are acting, I am able to project gold breaking through its cyclical lows to $1,000 and then possibly far below that. Markets exist in part to fool traders, and gold just might do that.
Note as always that when I discuss gold, it's as a tradeable investment. I'm completely excluding gold held as a permanent store of value, ideally as physical metal in one's possession'.

For the record, believing lower prices are coming, I have sold some traders, part of my holding to buy back in with lower down, IF lower prices come.

[gaaston] 14/11/2016 11:57

That's neat john: plus likely more money printing to come

[johntrustee] 14/11/2016 11:54

With most national debts now standing at 100% of GDP or more the most likely result be inflation. So even cash is not a safe haven, but gold is

[dt1010] 14/11/2016 10:45

Silver follows copper quite a lot so be careful what you wish for H ;)

If Trump rebuilds the states, demand for silver will rise.

But look. I agree. The US economy is going to head for hyperinflation if Trump does what he says he's going to.

They will never be able to raise rates fast enough to control inflation once it picks up. With the level of debt in the system they know they are hamstrung.

Price of everything including stocks, PMs and groceries etc will rise exponentially. Ultimately a depression will transpire.

Then WAR (to deflect attention away from crumbling America and get the manufacturing industry going at full steam).

History repeating.

It's a happy picture.

All IMO.

[hectorp] 14/11/2016 10:11

The copper rally does look crazy. Who thinks that the world economy will be stronger in 2017 than in 2016? Not with all this breakup of the single world market that seems more likely, and probable, tariffs. This is actually poor for silver too, but definitely good for gold which should support silver.. of course thats only one of a few different possibilities.
Copper short play..

[crapcrap] 14/11/2016 10:08

pixi, cash is king .lol you mean physical gold and silver!

[dt1010] 14/11/2016 09:31

Refers to a tractor Golden :)

[goldenshare888] 14/11/2016 09:21

until it is up.....or people wake up (that is a slow process as most people are sleep walking every day and do not realise they are being conned)!

Gold $1000 LOL - I remember those incorrect calls from 2015!!

That is when I bought in bigtime and made a stack.

All paper currencies and ponzi schemes fail eventually.

NB. The cenral bankers/players went long gold after the smash, so don't be surprised when it suddenly reverses!

Tick-tock........

[pixi] 14/11/2016 09:18

Tons of paper gold was dumped last week, more paper gold than is dug out of the ground in two years in the real world. The trend is down. Silver is on it's way down to $15.83 support. Gold is on it's way back to $1000 oz. Stay safe. Make sure you are wearing a parachute. Cash is king.

[goldenshare888] 14/11/2016 09:17

We have had PPI SCAM - Tens of Billions in Bank fines.

Next?: PPS - PAPER PONZI SCHEME

Claims of between 95 - 600 oz paper gold claims to every 1 oz of ACTUAL PHYSICAL GOLD!!

Foook!

GOLD to go parabolic when scheme hits the streets/fan!

There will not be enough nappies to contain the fallout from derivative/debt/fiat money/paper-ponzi time bomb coming........

[goldenshare888] 14/11/2016 09:12

Looking forward to some hammer-head reversals in PM sector and especially looking forward to 2017............

[edjge2] 14/11/2016 08:34

Copper rally looks mad, I suspect 1200 will be floor unless trumped. Rate rise real unlikely unless establishment want to detrump before he sits. Hidden medical freedom agenda over there likely to arise. Trump has organic restaurants, never been vaccinated, non-smoker/drinker and obvious links to mike adams/health ranger and natural medicine doctors. Drug companies beware.

[goldenshare888] 14/11/2016 08:33

Feels to me like they may take down paper gold to $1200 level before physical market is hoovered up!

When the paper gold ponzi scheme unravels I predict major new highs...

[goldenshare888] 14/11/2016 08:31

Morning DT,

It's not Donald Trump, is it?!

LOL

BUY when others are fearful etc.......

[dt1010] 14/11/2016 08:23

Agree golden 100%

[goldenshare888] 14/11/2016 08:19

Don't fret Top.

Just means a 2nd chance to buy off the recent highs before BULL run resumes.

That is all.

I am very long PM miners as stated many times.

Does not mean I don't consider the recent overdone sell-off another top-up opp!