Hochschild Mining Share Discussion Threads

[goldenshare888] 17/11/2016 10:57

Agreed, LOL....

500p - 700p range target for me 2017!

I have literally invested a house in this......hopefully I can turn it into three or four houses next year!

[dt1010] 17/11/2016 10:04

We're both rampers lol
We own shed loads of this ;)))

[lauders] 17/11/2016 09:26

GS888 - You come across as a ramper even if you don't intend it to be so. You may be right though!

[dt1010] 17/11/2016 09:17

Be interesting to see what happens when yanks wake up

[goldenshare888] 17/11/2016 09:07

HOC & SILVER looking VERY cheap to me!

[dt1010] 17/11/2016 08:22

As an aside, in the WMUR-TV interview in March 2015, Donald Trump also expressed a view on auditing the Federal Reserve, a view that it will be interesting to see if he still holds during his Presidency. In another answer to a question from the audience, Trump agreed that the Fed should be audited:

Question: Let's go back to our audience now coming from Bob. What is your question? ...[Bob]:"My question is about Federal Reserve. What if any changes would you make to Federal Reserve and do you think they should be audited on a regular basis?"
Trump: "Audited, absolutely. I really think you can have it or not have it. A lot of people like it and a lot of conservative people like it. They think there is an adjustment with interest rates and other things. I'm not a fan. I'm not a big fan. Audit, 100%."

[lauders] 17/11/2016 06:09

Thank you SG. Let's see how near you get to the price action. You have done well so far. Credit where credit is due!

[saturdaygirl] 17/11/2016 05:54

I want to go long on Silver and using the same theory as above you will see the MACD could have reached maximum divergence and the Stochastic chart is on the bottom .Just waiting for the MACD to start converging for a long trade .US Dollar Index looks the exact opposite .

[saturdaygirl] 17/11/2016 05:32

lauders

As you know i have not changed my tune since August !

From the chart below the weekly Stochastic chart is still in decline and MACD is still diverging .The Stochastic chart needs to turn up above the 20 value and the MACD needs to start converging ,last time you asked me i said 9 weeks which would have been 2nd week of Jan to the upturn though it now looks like this may come sooner .Note where the stochastic chart fell late August/Sept and the share price has followed .


free stock charts from uk.advfn.com





free stock charts from uk.advfn.com

[lauders] 17/11/2016 01:24

SO SG.... Having told me to "give it a rest" and seeming as you appear to be the ultimate expert on what will happen with the HOC share price and price of PM's where will you be buying HOC or if not buying, predicting that the turn will take place in the price? Let's see how good you really are ;-)

[pixi] 16/11/2016 17:14

Thank you, Chip, for all the work you put in here and elsewhere to help us out. I think it's criminal that futures can have such a devastating affect.

I think we're due a bounce.

[gaaston] 16/11/2016 16:57

Many thanks for that, chipperfrd, your expertise is most valuable for PM watchers
and investors. So often there is much trash posting and yet I am unable to contribute being an oldie buy n' hold person: bought at 60p

[chipperfrd] 16/11/2016 16:43

CC

It's worth noting that things have changed considerably this year on the COMEX.

So far, 1,417 tonnes of silver have been withdrawn from the COMEX vaults against the 1,919 tonnes marked as delivered. So 73.8% have actually received metal and taken it out of the vaults.

Perhaps some light is beginning to appear at the end of the long derivative tunnel !!
Chip

[pixi] 16/11/2016 16:37

Oh dear! Lol

[charles clore] 16/11/2016 16:36

chip - hi and thanks for all your posts and hard work. Unfortunately as far as COMEX goes the physical market is completely dominated by paper contract notes. Even if the buyers ask for delivery they won't get it and they know it They will be offered cash as an alternative and they will take it. If these COMEX participants are genuine buyers don't know why they don't simply join the SGE and buy from there.

[daybreakers] 16/11/2016 16:30

Support 224 and 204.

I'll add at 204

[chipperfrd] 16/11/2016 16:11

For completeness, there is 64.5 tonnes of registered gold in COMEX against the outstanding 773.5 tonnes of paper shorts. So it's pretty much the same sort of ridiculous ratios for both metals. And this is meant to be a MARKET!!

This is the problem with using derivatives for trading. It all works fine as long as no one asks for delivery.

I am sure the above levels will come down before the end of the month - but I am beginning to wonder if they will actually come down enough to save the delivery problem hovering over the COMEX.
Chip

[chipperfrd] 16/11/2016 16:04

The price action on gold & silver looks increasingly desperate!

There is still 13,772 tonnes of silver outstanding on the December contract with just 11 trading days to go.

I checked up on the movement in silver last year (which also had a large short position on the the December contract) and, sure enough, there was an almost US$2/oz drop during November to help get Long closure.

However, the big difference this year is that there is a physical market now providing arbitrage to all drops on the paper-based London & US markets.

The SGE prices are still almost exactly the same as at 08.00 this morning, it is the Western markets that are trying to go lower. Hence, the arbitrage premiums on both metals are high - particularly in silver.

The last time I checked, COMEX had just 944 tonnes of silver registered for delivery against the current December contract of 13,772 tonnes !!! So you can see the problem.
Chip

[charles clore] 16/11/2016 14:58

OneDayRodders16 Nov '16 - 14:43 - 8257 of 8257 0 0
What we need here is the DOW Jones to finish this week poorly.

At the moment it's being viewed as a one way ticket to the moon


p.s. it's a one way ticket

[dstorey1] 16/11/2016 14:58

We may be at a near term intersection with US Markets and POG. On a daily basis US overbought and gold oversold. Not a holder here but do have RRS and looking to add.

[onedayrodders] 16/11/2016 14:43

What we need here is the DOW Jones to finish this week poorly.

At the moment it's being viewed as a one way ticket to the moon

[onedayrodders] 16/11/2016 14:42

Good luck with that JT ... out of the frying pan .... (springs to mind)

[johntrustee] 16/11/2016 14:08

I sold all my HOC shares last week. Sentiment seems to be turning against gold. It is not just a dip now, it is a trend. I still think the company is excellent, but the market thinks otherwise, and the market is the boss. I will buy back in future.

I have just bought shares in Alibaba (BABA, NYSE)