Hochschild Mining Share Discussion Threads

[edjge2] 17/11/2016 20:43

1210 for a bounce?

[saturdaygirl] 17/11/2016 20:38

DT is the man .. well he thinks so

A fool and his money are soon parted ..

[saturdaygirl] 17/11/2016 20:37

As said baffling to me anyway , now you made your post and prove it ..

Your posts seem so abstract and removed from daily value ?

[dt1010] 17/11/2016 20:34

£160171 to be precise.

Suck on it :))

In the mean time I have a NY listed 300% leveraged inverse junior miners ETF doing very nicely for me.

[saturdaygirl] 17/11/2016 20:31

NPP62

The whole point is not buying the fall ..

[topicel] 17/11/2016 20:29

They make fair points DT. If you're many previous top-up posts have been true then you are well underwater on many of those whether or not you are sitting on £160k that you genuinely decide to invest here.

The rally from sub-£1 here was a great call and of course that is to your credit but the special circumstances of a real fear of China stalling and a hard landing there is what did the trick for PMs, not anything else really. It can all evaporate away again and as SG says the signals aren't yet available to guarantee a definite about turn in sentiment to PMs or HOC/FRES/RRS. All are heavily in bear markets from their highs.

All of us have been blindsided by the Trump win and surprise euphoria. We can but hope - if we are long PMs - that it will subside when The Fed gives up a measly 0.25 basis points next month. But as with the Comex OI which you also seem to ignore, there are ten or more business days until then in which parties could short the hell out of us almost with impunity.

A ramp is only effective if it makes sense mate!

Topicel

[february 30th] 17/11/2016 20:22

One shouldn't exaggerate the relationship between the dollar index and the silver price. My imperfect calculation suggesting that since 2008 the correlation is 0.7, which only accounts for 50% of the variance in the price.

[npp62] 17/11/2016 20:21

I don't see what the problem is.. just read the company news. Act on that and watch the price of silver....it's only a business. HOC are producing Silver at a profit whilst reducing costs and debt. So much so they've issued a small dividend.... the price of silver can go a lot higher and personally I doubt it'll go much lower. Therefore for me...it's a BUY. You pay your money and take your chance.... I'm buying. I don't give a toss what anyone else does or what anyone else says.... I make my own decisions based on what I see as the basic fundamentals... anything else is just background noise. ... Just my point of view

[saturdaygirl] 17/11/2016 20:12

Oh dear and how many top ups have you had so far taking innocent punters along with you ?

[juju44] 17/11/2016 20:10

Oh dear , are you still here pretending to be successful .

[dt1010] 17/11/2016 20:09

not really juju, or are people incapable of making their own decisions.

I have £160k waiting to go into the sector when silver and gold bottom out.

Now all I need do is wait. Call that a ramp?

[juju44] 17/11/2016 20:03

HOC will be rogered again tomorrow . Rampers here have cost punters a lot

[saturdaygirl] 17/11/2016 19:59

Dollar going for new high`s

[saturdaygirl] 17/11/2016 19:55

Wait for comfirmation with the convergence

So many here have topped up at falling knife prices

The best place to buy is the bottom , why people have been jumping in early escapes me ,


free stock charts from uk.advfn.com

[juju44] 17/11/2016 19:52

PM market fekd. Admit it

[breaktwister] 17/11/2016 19:49

Very strong support at $1211, its bounced twice off there recently and I see historical support at this level. If it tests again and breaks I can see if going through $1200 fairly easily. I'm buying as much physical as I can to get my core assets out of the capital markets and banking system.

[hectorp] 17/11/2016 19:46

tomorrow is another day. One with silver in it.

[saturdaygirl] 17/11/2016 19:42

H

The bottom will be when the Daily MACD starts converging , no sign as yet

This could be £2.00 tomorrow ?

[hectorp] 17/11/2016 19:18

That's probably the bottom in at last. ( gold and silver )

[goldenshare888] 17/11/2016 18:57

Yes, being hammered flat to c$1200 level by the look of it.

It won't last, in my opinion, most physical will have left the West soon and all that will be left is worthless paper!

New GOLD & SILVER HIGHS COMING 2017....

[hectorp] 17/11/2016 18:26

$ 1425 going rate around much of India.) Going down here again!

[topicel] 17/11/2016 16:50

Yes Gaaston, I knew it wasn't your figure but was indeed mentioned in another place recently linked to, maybe ZeroHedge?

There is OTT and then blatant ramping on some of these gold selling sites, talking their own book, as Hectorp would put it, but basically ordinary Indians can't access gold easily and thus it is silver the people generally go for.

As long as Modi won't encourage gold imports then sadly the population there will by and large get shafted by this withdrawal of notes it seems.

Topicel

Edit - the gold price India site is useful as Chip linked to above.

[chipperfrd] 17/11/2016 16:23

obbig60,

You are right that many, if not most, of the traders on COMEX are/were historically really just speculating on price moves rather than avidly accumulating metal. And the same could be said for most of the trades in Forwards on the LBMA. Bear in mind that the LBMA trading volume has been quoted as c. US$5 Trillion pa. COMEX would probably be somewhat similar in gross volume terms.

But things have looked very different this year. The amount of deliveries on contract expiry has shot up to around 4 times the level of last year and actual withdrawal of metal from the vaults is running pretty high - and for a fractional reserve system like COMEX or the LBMA, the loss of metal reserve is a real problem!

I hesitate to say "this time it is different", because it rarely is. But it does look very different to me - and I have been recording COMEX (COT) figures in detail since early 2011. And I see 2016 numbers hitting all kinds of records.

Chip