Hochschild Mining Share Discussion Threads

[chipperfrd] 23/11/2016 00:29

Update: 8,764 tonnes of silver still standing for December delivery. So still dropping at the requisite rate to achieve a manageable resolution.

Bit different for gold. Still 621.3 tonnes standing with 7 trading days to go. However, the Thanksgiving holiday will reduce the main COMEX trading hours on Thursday and Friday so perhaps the action (if there is any) will be during the Access Market hours.

Given that there has only been a total of 192.1 tonnes of contract delivery for the entire year so far, that 621t looks a bit on the large size! Over ALL of 2015 only 50.44t was delivered on contract - so quite a change!

The vaults are still leaching metal though - perhaps from the arbitrage activity!

208.1 tonnes of silver and 19.6 tonnes of gold have been withdrawn from the vaults over November so far.

Chip

[hectorp] 22/11/2016 19:34

johntrustee, the Central Bank set up in 1913, out of the mess that resulted in the bail out by Morgan. Since then Morgan's people have owned the US. So the possibility of abolition of the Central bank by Trump is not at all probable. The" USA" whatever corporate thing that is worth, remains a pawn of the legacy of Mr J P Morgan as far as I have read things.

[johntrustee] 22/11/2016 18:14

Trump seems to have given stocks a boost, and that is sending gold down. He is so far removed from the DC, media and news elites that he may just have the guts to do the one thing that would allow him to rebuild America without busting the budget.

He could end the fed, and end the bond market as a means of raising money for the US government. No more borrowing from the the big money interests. No more saddling our grandchildren with massive debts they never asked for. The central bank set up in 1913, and the creation of money, is the greatest theft in history

Lincoln did it, and look what happened to him. He had the treasury issue greenbacks; dollars used to pay for genuine goods and services, not to pay interest Gresham said "Bad money drives out good money" Now it is the existing currency that is the bad money.

Mr Trump is an oddball, but he certainly does not seem to be afraid of the smug elites that have been telling us what to do think and do for the past 70 years.

[topicel] 22/11/2016 17:28

Whatever the day, the impact is the same and the intentions clear. PMs and related investments mustn't be allowed to gain any traction and recover the lost ground since the election.

Not that it wasn't underway beforehand of course, but with the cover of a Trump win the manipulation can always be put down to that. It now appears the slow painful Chinese burns will be applied rather than a good rodgering!

Whether it ends when the Comex settlements are over for December next week, or Dec 4 when the Italian referendum takes place, or when Yellen finally signals a small easing in mid-December, it is painful but irrelevant.

As ever the object is to sit, wait and accumulate. No-one called the high and we certainly won't notice the low until it has come and been missed, so if you can average down or add to your holding for the inevitable reversal.

If Trump goes on his spending spree then only inflation can follow...and gold and silver will benefit. If he doesn't, because Yellen disobeys and raises rates, then Wall Street dives and the need for QE again will be signalled.

Topicel

[goldenshare888] 22/11/2016 15:38

Fingers crossed DT, smack-down Tuesday on the paper ponzi scheme as usual!

Grrr

[dt1010] 22/11/2016 15:27

It's a crazy world golden. V GUARD are irrelevant to me, of passing interest only.
Silver and gold direction is far most interesting over the next few months.

[goldenshare888] 22/11/2016 14:33

DT, there would not be a notification to suggest otherwise!

Many investors are buying and selling all the time for many different reasons.

Best not to worry about what everyone else is doing unless you are unsure about what you are doing and need a security blanket.

I buy/add when I want, regardless of anyone else's position.

I remember buying plenty 47p - 70p area, when apparently, everyone was selling!

Go figure........

[dt1010] 22/11/2016 14:07

Agree Vanguard are likely still off loading. No notification to suggest otherwise.

[lauders] 22/11/2016 12:07

Perhaps not such a good day after-all! Still reckon Vanguard are offloading here and perhaps when they are done we might get some movement northwards. In the meantime it is a matter of patience & not trying to follow it daily. Hard to do as some may have noticed!

[lauders] 22/11/2016 01:29

Looks like today may be a good day for miners given the rise in silver and to a lesser degree, gold, towards the end of the last session and into this morning. Perhaps HOC will start returning towards 300p+ now. Well called SG if so. Those charts really may be useful after all ;-)

[topicel] 21/11/2016 21:42

Presumably this 'arbitrage' at almost $1.50 is per ounze delivered? Or is it simply US paper transferring to Shanghai paper?

And how easy is it to make this implied 'killing' for simply buying and selling across the globe? Presumably only if you have access to the exchanges and are dealing in hundreds of millions in transactions? In other words, not available to the likes of us this nice 5% (approx guess) turn for just having the right account...

What a world. The sooner it comes crashing down and the Chinese make the Yanks sweat for once the better.

Separately, I am astonished to hear the First Majestic CEO say that most silver miners are making a loss at these prices, and would even be struggling at $100 an ounze! He feels the correction will come, especially if the Chinese, Indian and even Morrocan solar energy needs for silver are to be met as production just isn't there to make their plans come to fruition.

Oh, and he also mentioned again the crazy silver/gold paper ratio of 1:70 whereas the physical production ratio is actually nearer to 1:9. Again, it can't last...

My oh my, what a mess those central bankers and hedge funds have created!

Topicel

[hectorp] 21/11/2016 18:44

It's not worrying when your firm can get a guaranteed +$1.46 an ounce higher if selling silver. They might decide to wait. The actions of the " Hedge Funds" has reduced some, of the overlong Paper positions ( not yet enought however)

[majorpain2] 21/11/2016 17:36

Its a tad worrying that the West are mainly paper PM's, and the chinese are the ones with the market price for the real deal!

[chipperfrd] 21/11/2016 16:28

Now a US$1.46/oz difference between the COMEX/LBMA price and the SGE!

It is looking pretty obvious and desperate now.

[hectorp] 21/11/2016 16:21

Miners leading silver = shows us silver's direction...

[pixi] 21/11/2016 16:20

We all know what happened when they last increased interest rates in Dec 15.

[goldenshare888] 21/11/2016 14:20

Exactly 4marlin, it is the REAL RATE of INTEREST that counts, not FED Funds rate or any other headline rate!

[4marlin] 21/11/2016 14:02

as long as increases in inflation are above increases in interest rate, I remain a pm bull.

[onedayrodders] 21/11/2016 13:40

Nymex weakness ..no surprise there

[chipperfrd] 21/11/2016 13:11

It is incorrect to assume that gold trades inversely to the level of the US Fed rate.



Chip

[lauders] 21/11/2016 13:08

Today's mini-recovery is nice. Will it hold or go down again? That is the key question to be answered. I have a feeling we will be going down again but I would LOVE to be wrong!

[dt1010] 21/11/2016 13:07

True golden.

Though I always said Trump would win and caution is not to be sniffed at ;)

[goldenshare888] 21/11/2016 12:48

Is the almost 100% consensus, the same as predicted NO BREXIT VOTE AND NO TRUMP WIN?!!!

IF SO, IT IS ALMOST 100% WRONG!!

LOL

PM'S - :)))