Hochschild Mining Share Discussion Threads

[pixi] 29/12/2016 10:36

Gold up more than 30%, silver up more than 50% in 2017.

hxxp://www.gold-eagle.com/article/investment-outlook-2017

[edjge2] 29/12/2016 10:34

Dollar likely to go crazy when selections of rebellions wars black swans swoop in for winter. Habit I suppose as dollar bust, wonder where else this massive cash will go.
Also have sharia gold investment Oked. Dow likely to correect but will mega boom again with dollar flight to safety.

[goldenshare888] 29/12/2016 10:12

V-shaped recovery taking place!

:))

[topicel] 29/12/2016 09:49

Well I persevered and read it all Extrader.

The theory works fine for me. I don't doubt it will add fuel to the oil pricing fire but I still feel that the dollar has to revert to its pre-Trump win 'weakness' for him to kick-start the US economy as he intends.

The whole fits together. That is the main take-away to me...

Topicel

[blueball] 29/12/2016 09:36

Certainly a lot of interest in gold and silver today.

[kirk2] 29/12/2016 09:36

were in for a huge upward ride next year, hold tight.

[stevea171] 29/12/2016 09:22

Dow down 111 yesterday which means for the past 11 trading days it has failed to hit intraday the much hyped 20,000 mark let alone achieve a close above 20,000.
This is a mega failure for Wall St as it has been all over their MSM financial articles for weeks now and was taken as a given to hit 20,000 and then go on even much higher.

Today and tomorrow the Dow is expected to fall further as institutions rebalace their portfolios - selling stocks and buying bonds to adjust ratios. So probably no 20,000 Dow this year at all!

With this huge failure attention should start to shift to gold, the PM's and PM miners.
Got silver? Got Gold?!!

[goldenshare888] 29/12/2016 08:28

"Be right and sit tight"

Some advice I intend to follow!

[goldenshare888] 29/12/2016 08:13

These paltry prices will be consigned to the history books before too long!

:))

[blueball] 29/12/2016 08:07

Some interest here this am.

[goldenshare888] 29/12/2016 08:05

Be careful Extrader, I read somewhere that oil is their next shorting target. Apparently commercials are closing GOLD shorts and going long while at the same time piling on oil shorts.

[extrader] 28/12/2016 22:31

Hi Topicel et al,

What price the USD if it ceases to be the currency of choice for hydrocarbon trading ?




A long but serious analysis of where we may be heading.

Executive summary : The major oil exporters and importers may be about to move to what is effectively a gold-based payments system, with attendant implications (+ve ) for gold and (-ve) for the greenback.

The article pulls together in a plausible manner a number of outwardly unconnected developments and makes a good case for the conclusions it reaches.

My own portfolio is more skewed to hydrocarbons than PMs at the moment, haven't quite figured out how that leaves me .....;-<<br />
ATB

[charles clore] 28/12/2016 21:26

Guys I hope you are right. I think so. H - what's your take on the situation?

[stevea171] 28/12/2016 21:12

Pixi. Good luck with your shopping in the January sales today! I am hopeful this is the start of a turn around too.

The S&P500 has closed down and the lowest close in 13 days so maybe some overdue air will now be coming out of the US main markets and other investments will have their chance to shine?

[topicel] 28/12/2016 20:55

QE4, that is the easiest way to both weaken the dollar again and keep the sugar supply dripping into Wall Street.

The only trouble with QE4 is it appears to be having less and less effect each time.

That is why I would expect some kind of combination of QE and protectionism to devalue the dollar. Any stronger and the US companies are in big trouble. A businessman at the helm won't allow that scenario to go much further come January 20.

It makes no sense to leave the dollar free to appreciate. QED! QE4 and perhaps a partial peg to gold...?

He has said he rues the day Nixon took away the remaining part of the dollar that was still tied to the gold standard in 1971. He has big backers, and many in his admin who are gold supporters too, like Pence.

Now that would be a nice boost for gold but like I say it would need to recognise the loss in purchasing power via-a-vis gold of the dollar of, say, the last eight years...

Who knows? I'm not one to offer a cure but I know that a strong dollar is intolerable for the Yanks as things stand, and all it would lead to...

It seems everyone is ignoring the fact that Trump, his main backers in election funding, his Vice President and plenty of others in his cabinet and advisory team are all advocates of gold and the banksters, who had access to US gold since Obama's Executive Order in 2013, know it.

Time is running out guys. Squeezed by the new administration and a reversal Executive Order and the Chinese/Russian gold bugs and the SGE's growing price influence undermining what little JPM and co can still do to force the COMEX/LME prices down. Tickety-tock...

Topicel

[topicel] 28/12/2016 20:47

Dollar strong might give Trump a major headache as he assumes the Presidency.

It can only impact negatively on the exports in much the same way that the 15% drop in sterling since Brexit has aided our exports. Or doesn't basic economics work the same in the States? Lol.

The majority of the DOW, the main driver of the stock market bubble since the election is made up of constituent corporations that largely earn their dollars that feed through to the profit line and earnings per share ratios from overseas. They will start hurting and the next quarter earnings season in mid-January will include a significant impact.

The quarter announced in April will be pretty horrendous versus a year earlier when the dollar/yen, to name one, was around 5% lower. Check the dollar index and see how this must play out on the US earnings front. Or again I ask, doesn't basic economics work that way Stateside?

So clearly Wall Street and businessman President Trump will not like an overly strong dollar. What measures, economically-speaking, can he utilise to curb this rampaging dollar? It sure as hell won't be by allowing the Fed to raise interest rates, will it? Independent or not, he has two 'picks' to put on the board of the FOMC to help sway them to a more cautious path, just as in 2016. And, strangely, Yellen seems inclined to be dovish so is actually an ally to him IMHO.

When we see the rhetoric against China growing by the day, and the disquiet from submersible drone theft to yuan devaluation to insufficient tariffs protecting US from Chinese imports, it is easy to see a fight back on the currency front and protectionism as the only real tool he has to hand. Infrastructure spending and dollar repatriation can't happen overnight, we still have a debt ceiling in March 2017 to negotiate over and even if Tea Party types allow a fiscal increase it takes ages to work through and causes inflation which normally is dealt with by interest rate increases. Unless basic economics don't apply Stateside? Lol.

But he doesn't want rate rises as that will strengthen the dollar, not to mention add more interest repayment burden on the $20t debt mountain! Talk about stymied..

My bet, for what it's worth, is therefore the fight back on the currency front will be a devaluation of some sort in the US dollar. All the charges aimed at China and even the EU are destined to lead to Trump signing an executive order to depreciate the dollar in some way or another.

Economically he can't really do anything with a strong dollar.

Topicel

[goldenshare888] 28/12/2016 19:22

You could make a nice stack in 2017 pixi.

I have also gone all in today and used all current cash balances to buy PM miners.

Very best of luck.

:))

[pixi] 28/12/2016 17:47

Stevie, I saw that the other day.

This morning I was 50-50 stocks and cash, and intended just topping up two smaller situations, but now I'm 100 in stocks. HOC's charge was responsible for making me £6K up today. I bought another 15,000 HOC, 1770 FRES, 10000 CEY, 26103 HGM and doubled holdings in AAZ and SOLG. GEO I left alone. I think this is just the start of the charge and there's a lot more to come. It's all about stock picking and having the right combination silver/gold. I'm overweight silver.

[dilbert dogbreadth] 28/12/2016 16:14

Steve yes surely 10% is doable. If you work on the same percentage for gold then anything over 4% can be arbitraged

[stevea171] 28/12/2016 16:03

Look at the commercial short positions in the gold market… Commercial short positions have been dramatically reduced as they have been covering their shorts as the price of gold has declined for seven straight weeks (see chart below).

The bottom line is that these markets may be near major reversals.



Gold has burst out of the short term down channel. The COT report for gold shows the commercial traders not only covering short positions in the latest reporting period, but also adding a nice number of longs!

[goldenshare888] 28/12/2016 15:28

Thanks DT, I'm wary of SA, but will take a look this week.

[dt1010] 28/12/2016 14:21

PAF on sale too with a 6% yield no less - 14.7p - double bottom on the chart, can go in the ISA, superb opportunity that is !

[goldenshare888] 28/12/2016 14:00

Ditto DT, best of luck for 2017.

I think 300p will be left in the rear view mirror of 2017 DT!

400p - 700p when this gets going! (manipulated, suppressed and delayed, but still coming)

:))

NB. I have even added more RRS to my basket today - on SALE at £60!

:))

[dt1010] 28/12/2016 13:49

golden dude...yeah its a good day and lets hope the journey back to 300+ has started but one up day does not make a trend my friend...hope this one does though.
Happy New One.