Hochschild Mining Share Discussion Threads

[rhuvaal2] 17/12/2016 16:56

Have bought silver physical (Zurich) on the way down including @ £416 a kg now for three days' running. Can trade 24/7 no bother. Not YET seen it lower.

[obbig60] 17/12/2016 14:18

DT - it all depends on the silver price. There is a support level at $15.8 from june this year, which we have bounced off this week. If that fails then the next support seems to be around $14.8.
For HOC, there is a miniscule gap from July 4th of 196-199p and it would not suprise me at all if that got filled. I hope that will be the bottom.
Talking of gaps.. I've never seen any logical reason why gaps have to be filled, it just one of the daft rules that has become an article of faith for some people. So now it happens just because people expect it to happen.

[dt1010] 17/12/2016 12:31

does this gap down to 150p zone now?

sincerely hope not.

[lauders] 17/12/2016 10:45

Also found this which juju would no doubt frown upon as another expert making calls that may not turn out to be true:

Gold was again blasted to new post-election lows this week, further trashing contrarian sentiment. The Fed proved more hawkish than expected in its rate-hike-trajectory forecast, unleashing heavy selling in gold futures. This catapulted gold bearishness back up to extremes not seen in a year. Investors are once again convinced gold is doomed, and thus radically underinvested. That’s actually super-bullish for gold.

The bottom line is gold is suffering from radical underinvestment today. American stock investors have fled gold since the election, liquidating vast quantities of GLD shares. The red-hot stock markets way up at all-time record highs have convinced them diversified portfolios are no longer necessary. Every time such euphoria, complacency, and even hubris have happened in the past, major stock selloffs soon followed.

With American stock investors owning essentially-zero gold exposure, they have vast room to buy again when these wildly-overvalued stock markets inevitably roll over. The same thing happened a year ago, and it led to gold powering dramatically higher in the first half of 2016. That investment demand was triggered by post-Fed-rate-hike stock selling delayed until January for tax reasons. It’s deja vu all over again!

Of course the author Adam Hamilton admits he is long gold and silver so he would say things like this, but per my last post I am hoping he is not far off the mark!

[saturdaygirl] 16/12/2016 22:18

Can Resistance provide gold with the bounce

[edjge2] 16/12/2016 21:56

end stage panic?

[pixi] 16/12/2016 21:33

They shouldn't be:

hxxp://www.gold-eagle.com/article/radical-gold-underinvestment-3

hxxp://www.silver-phoenix500.com/article/flation-and-surge-silver

[juju44] 16/12/2016 20:52

Some big guys seriously anxious to get out of here

[stevea171] 16/12/2016 20:47

Someone dumped 12.7 million HOC in the closing auction at 203.6p and this took the day's volume to 20 million which must be some sort of record ....

[pixi] 16/12/2016 18:38

Found this - good job I'm 100% invested in gold and silver miners and bullion:

[stevea171] 16/12/2016 18:33

More hard evidence of criminal gold manipulation of the London Gold Fix by the usual suspects submitted to a US Court. Let me guess: months/years before a hearing, slap on the wrist fine, no one goes to jail, the same and other Banks continue to this day as before undeterred ....

"When Gold Goes Above 1430 We Whack It"
submitted by Allan Flynn via ComexWeHaveAProblem blog,

As it goes in silver, so it goes in gold. In London at least.

In a bid to have UBS reinstated as a defendant in a London Gold Fix antitrust lawsuit, plaintiffs documents submitted to a New York Court last week include explosive chat room transcripts of UBS and traders from different banks encouraging each other to “push,” “smack,” and “whack” gold prices.

The transcripts are equally as startling as those described of banks of the London Silver Fix and UBS given to the court the previous day and described last week in this article.

Filings include the following script reminiscent of an 1980’s arcade game scene. Rather than competing for business in the marketplace, supposed competitors UBS and Deutsche Bank however are seen coordinating tactics as they anticipate the most illiquid of days to jointly execute their sell orders for greatest negative impact on the market.

Deutsche Bank: bro japan holiday today

Deutsche Bank: think it’ll be quiet

Deutsche Bank: well, illiquid, not quiet haha

Deutsche Bank: illiquid means wild wild west

UBS:okay when gold pops 1430

UBS: we whack it

UBS: u sell your 50k

UBS: i sell my 20k

UBS: then we double that up and produce our on liquidity too

UBS: that should be enough to cap it on a holiday

Deutsche Bank: haha yeah

[pixi] 16/12/2016 14:57

I am off.

If everything goes pear-shaped just sit on your hands - do NOT sell.

Good Luck All

[pixi] 16/12/2016 14:47

Avi Gilbert (Elliott Wave) has always got two scenarios: the good and the bad. (They always have trouble with their count which determines which wave they are working with, is it wave 2 or wave 3?) Wave three kicks off around 1050 and is the most powerful and longest of the 5 waves! But when he knows for sure which wave is which, he is spot on!

Michael Noonan (Edgetrader) is first class interpreting charts.

[hectorp] 16/12/2016 14:38

Well jim
I trust that I won't see such a situation! Trumpety boom of the dollar and US markets extremely toppy etc.

[jimbowen30] 16/12/2016 14:09

Have posted this on a few threads. Avi Gilbert seems to have a pretty good track record. Although he thinks PMs could go lower over the next week or so he believes we are close to the low.

sentiment towards precious metals is now getting pretty negative now and every man and his dog is predicting gold sub $1000/Oz just like at the end of 2015. We all know what happened then. IMHO, we are getting very close to the capitulation phase. My gut feeling is gold could retest the $1045 low from earlier this year but that is likely to be it. Any sub $1000/Oz would be very brief. So the downside is 10%-15% max but upside is over 100% and more for the quality miners. As my time horizon is 3-5 years I'll just ride it out. My biggest fear is actually not having the funds to pick up bargains IF gold does get closer to $1000/Oz. The bigger picture is rising US debt and the interest on this debt is going to cause a lot of unintended consequences. It might be a few years before people lose confidence in the dollar, central banks and their crazy policies but it will happen.

[pixi] 16/12/2016 13:54

joy division

I also maxed out on gold bullion today at $1130 oz. I am 100% invested in miners plus a gold discovery (HUM). I've been tracking this market for over a year and have made a lot of money. My pot is up 138%. Gold could go down to 1050, but it won't stay down long. It's now 1130, or 80 points away. I can go away on holiday and forget all about it because when something happens we will be the last to know. The thing to remember here is that we are all tracking short-term price movements. This whole thing is massively oversold which is the best time to buy.In the last couple of days I've bought the best miners I can get my hands on: HOC, FRES, PAF, HGM and CEY. Then change the time frame and bury it. Many years later we will a surprise. It's a mistake to get hung up on short term price movements, they can drive you crazy. Just forget all about it and do something else. Timeframe: the next 2-5 years.

[edjge2] 16/12/2016 13:53

this guy might give us short term hope
hxxps://blog.smartmoneytrackerpremium.com/
JNUG pointing up in premarket

[pixi] 16/12/2016 13:48

Thanks ODR

Doug Casey says it's all going down the tubes very shortly.

[dmitribollokov] 16/12/2016 13:43

Not comfortable we've reached a bottom in PMs yet, but agree with the sentiment topicel; well reasoned and articulated.

[joy division still] 16/12/2016 13:36

At Pixi, your braver than me. Fully loaded with PM's good luck, personally i've (and will hold) all my long termer's, but sold my borderline / non performing holdings. So i'm 20% of portfolio in cash or PM's (HOC/CEY/SHG/GPM)
Lets watch Trump f$ck up things eh !!!

[hectorp] 16/12/2016 13:10

This is to be hoped, pixi, there are so many variables around just now which will have huge effects in 2017.. in both directions, which is another way of saying, we should expect very high volatility in all " markets" relating to stocks, bonds currencies and metals ( also crude). Our PMs however do seem " beaten down" as it is.