Hochschild Mining Share Discussion Threads

[dt1010] 22/12/2016 07:23

dilbert, it will go to $750 eventually I think but in the short term $1100 should act as support for the rally.

I expect we'll see a re bound v soon to $1250 in the spring on brexit woes..

either way I will be trading the rally when it starts

[rhuvaal2] 21/12/2016 21:10

sorry, John, but as a trustee you should learn how to spell :)

[saturdaygirl] 21/12/2016 20:38

The Wind ..

[dilbert dogbreadth] 21/12/2016 20:37

You said 750 yesterday what's changed?

[dt1010] 21/12/2016 19:34

there is a gap on the chart to 150p

but I have said when gold gets to $1100...the rebound will be very close..

but if $100 doesn't hold then it'll move sub $1000.

[breaktwister] 21/12/2016 16:24

Right on cue ZH answers my question....China. This is not good news for PMs.hTtp://www.zerohedge.com/news/2016-12-21/bitcoin-soars-3-year-highs-china-turmoils

[breaktwister] 21/12/2016 16:20

USD and Bitcoin now the safe havens, gold and silver worth just over what it costs to pull out of the ground. Strange world we live in.

[breaktwister] 21/12/2016 16:12

Can anyone tell me why Bitcoin is flying and has been since Trump won while gold and silver sink? Bitcoin the new gold? I'm not convinced but the market disagrees.

[hectorp] 21/12/2016 14:44

The Banksters, won't allow them to: or their under the table mafia connections. Remember JFK and Bobby.
Well, may " advisedly" I dont want no trouble!

Gentlemen,

$16 a line in the sand, or a pathway to $15:
the answer lies with gold, not silver: and I'd expect gold to retest last years lows . IF so Silver might, retest $13.85. Dont be shocked.

If so, HOC is under a pound and will repeat this year's marvellous 6 bagging swing upwards at some stage. Hopefully, next year.
Now I am not, a bear of PM's as anyone knows over 8 years on the PM and mining threads. I'd much rather we had seen the bottom, but we need something new to happen out there to get an improvement in PM sentiment.

[topicel] 21/12/2016 14:26

Hect, as to auditing Fort Knox, if you continue with the Dr. Sheldon and other gold standard supporters Trump is employing to advise him, you'll have seen that apart from indicating the US could unilaterally link to gold after pegging back the dollar to equalise the anti-competitive dollar that the Fed has created, and the other countries have exacerbated by their own devaluations, that they have even suggested QE to buy gold...

Yep, not for the benefit of banksters like the last ten years, but to properly aid the US economy. So aside from the executive order to prevent the Banksters raiding the gold to hit Comex etc. When they've wanted to their advantage, Trump can also get the Treasury to print to buy and supply any gold that has gone missing.

Interestingly they suggest it is done 'in secret', which, would just be an open secret except to Joe Public who haven't got a clue what has been happening with the last three QE's anyway. As far as it all went to the banks to pay divvies and buyback their own stock when it was muted as being done to pump up Main Street.

I'm sorry but whichever way you spin it the simple economic truth is always the same. Unless someone can answer it logically without diverting to other issues on the periphery.

The US dollar is too strong to allow Trump to do anything. Discuss.

Topicel

[dmitribollokov] 21/12/2016 13:49

If it stays like this today or drops further, the candle stick chart is gearing up for another decent leg down

[pineapple1] 21/12/2016 13:21

It is a H@S . They don't have to be symetrical . In fact they are usually the more reliable as seen by fewer people...
imho

[breaktwister] 21/12/2016 13:05

Silver only briefly dipped below 16 this week. If you think 16 is the floor then HOC is huge value at the current price (low 190s).

[hectorp] 21/12/2016 13:02

Many words in a large paragraph don't mean a thing to the share or share price regardless of a good speech. None of us are troops , we are individual traders investors or simply interested bystanders who have interests in the metals world. There is no general, there is only the balance sheet, which is the world of Law.
I'm assuming HOC is still producing at around the eleven dollar mark, so there is nothing to be concerned about the company or its future. I think we all accept this. But we are going to make a decision based on our own money, perhaps helped by a chart, or perhaps helped by fundimentals. Each to his own.

The Head and Shoulders aspect of the chart does look plausible to me ( ie the 130's) but only if silver falls to 15.
If not, we will get no more downside.
Now as to recovery of the sector after this recent drift in silver and gold miners, it is possible the upside momentum of " piling in" we saw in May-July, has left the sector in the eyes of the Fund Managers etc. It is also possible as someone else said, that money will switch into say, the Financial, or some other, sector. But that is a topic beyond my scope at the present time :-) It is also possible that the money has NOT done so!

H

[chillwill] 21/12/2016 12:40

Maxi - agree on the 183p (I posted this yesterday), the 150p 61.8% looks more enticing though.

SG - not a H&S patter at all; have a look in a mirror and see if your shoulders line up like that.

[hectorp] 21/12/2016 12:32

Topicel, I can see how the others can't raise rates, thanks... but the US dollar simply continued to rise...
Should they devalue, then, say 20%, 50% , would be a big shift... link it to gold though, but they might be forced to Audit Fort Knox - good luck with that!

Meanwhile Obarma is still making powerful bills, banning oil development in most of the US Arctic. He may run through a couple more shockers in the next couple of weeks.

[stevea171] 21/12/2016 12:01

Institutions and traders winding down from here on in for Xmas/New Year break. I have been doing likewise for some time now.

I am not bothered by these PM prices or the prices for the miners as I'm not a buyer or seller. I fully expect prices for our investments will be back to where they were or a lot higher as we go through 2017. HOC is a great investment that has made massive progress in the past 18 months so the current price and more is fully warranted.

FY results next year should reflect decent profitability, another dividend payment and prospects for continuation into a possible Ftse100 candidate in due course. The future is well assured, the company is conservative and well run. I see no need for the current mood of panic by some traders on this thread. Most of us have lived through this scenario many times before of manipulated falling PM prices.

I'm not desperate to make a buck here in current conditions. I have a full life and other interests besides the stock market. Merry Xmas to you all.

[franceys] 21/12/2016 10:17

Topicel..great French..you must have gone to an excellent school! I like your well reasoned and sensible post as well. Ditto tuscan4's one. Am now buying these again.

[tuscan4] 21/12/2016 10:05

I am a frustrated viewer of this site. Many of the views are very short term, influenced by much random noise,where emotion dominates investment thinking.
Can I make a few points.
1) Little notice should be taken of the PM price moves. They are heavily manipulated therefore charts should be treated with circumciscion.
2) Look at the real physical price to gauge sentiment.
3)A strong $ is positive for Sterling holders. The fall in the Sterling price is relatively benign.
4)Whilst Gold is fundamentally difficult to price determine, Silver is less so with perhaps 50% used industrially, a supply imbalance, little world inventory, declining mine supply due to severe capital spending cutbacks etc.
5) the ratio between gold and silver should move decisively in Silvers favour over the coming years.
6)Indias war on cash and indirectly on gold focuses attention on the merits of PM's. I am surprised that this illegal theft has not received more public condemnation.
7)Take a 1-3 year view. Silver at the current price is the most undervalued commodity/asset.
8) I am sure that EH, with 54% is losing NO sleep over current price volatility.

[richkid71] 21/12/2016 09:34

GS888 you have been predicting throughout 2016 400p-700p, now that goal has changed to 2017! It's very convenient (for you) moving goals but not particular helpful. NO ONE knows what is going to happen in 2017, you can read as many articles, conspiracies, chart data as much as you like. My advice - people need to be sensible. Let's hope 2017 starts like 2016 for PM's.

[goldenshare888] 21/12/2016 09:16

Good level headed post Top, I agree.

I feel we are at or very near MAX PESSIMISM levels on PM's!

NICE FLAG - If it plays out and I feel it just might in Jan - Whoop - Whoop!!

I still target 400p - 700p here in 2017.

:))

[goldenshare888] 21/12/2016 08:07

LOL

I would liquidate a house and put into this at 45p Charles!

:)))