Hochschild Mining Share Discussion Threads

[shakeypremis] 26/1/2017 16:18

"Yes, it matters because the indications are that supply is drying up and this paper game may collapse any day, any week. When it does PM miners like HOC that have huge amounts of gold and silver in the ground and are bringing it for sale will go to telephone number valuations."

I definitely agree with that.

[stevea171] 26/1/2017 16:02

It's not something we or the press is likely to hear about directly. How many billionaires do we know or are willing to talk to the press about their personal finances?

Yes, it matters because the indications are that supply is drying up and this paper game may collapse any day, any week. When it does PM miners like HOC that have huge amounts of gold and silver in the ground and are bringing it for sale will go to telephone number valuations.

[shakeypremis] 26/1/2017 15:56

They could be. We have no way to know, additionally, it's kind of irrelevant here too. It doesn't seem that HOC and other miners are realising a higher price (higher than current spot at time of sale) for sales of gold and silver they have mined does it?

[stevea171] 26/1/2017 15:48

Shakey. Depends on your view of his integrity. Rob Kirby has made similar statements. Are they both making up stories .....?

[stevea171] 26/1/2017 15:39

According to Jim Willie as the paper price of gold goes down the price for large amounts of physical goes up - 80-100% price premium. The divergence is getting bigger. He says he knows of:
1 transaction for $50-60 million gold at $2100 an oz.
Another for well over $100 million was at $2500 an oz.
His source says he knows of transactions closer to $3000 an oz.



ie The manipulation of paper prices of gold and silver on the LBMA in London and the Comex have nothing to do with the lack of supply of physical PM's for size and the premiums that these transactions command.

[stevea171] 26/1/2017 15:16

Saturn.
>>>> "WE are all losers here."

Some of us participated in the Rights issue at 47p only about 15 months ago and were buying lower down to 40p. ODR and I were two of them .....

[onedayrodders] 26/1/2017 14:43

saturn ... have you missed your daily dosage ?

[saturn5] 26/1/2017 14:37

Silver Mining might be the right place to be

BUT NOT IN THESE HOC SHARES

WE are all losers here

[breaktwister] 26/1/2017 14:37

Likewise ODR. Still long on HOC but bets pared back.

[dt1010] 26/1/2017 14:36

Would love to buy more at 200p

Doubt it'll get there though never say never

[onedayrodders] 26/1/2017 13:54

Hhmmn not liking that Shanghai extended close at all. Will leave PM's vulnerable during this period.

Taken a trading portion out for a week

[hectorp] 26/1/2017 11:30

Oh well then, until the 3rd of February PM's are not going to make headway.
Still holding HOC from 238. ( SG the Dollar Index still looks suspect!)

Telegraph today, Trump's border controls on imported raw materials for example, could " raise the value of the dollar by 15 to 20 percent, unless they take steps to prevent this escalation".
- edited: by this, I'd suggest mainly against the Chinese currency. And this is loeading to massive currency outflows already. I'd not be surprised soon to see a major limitation on the Chinese users of Bitcoin.

This all creates a bit of a headwind for gold . Silver and copper might still rise though, with the increasing US economic confidence . ( my words - confidence - trick)

Back to that comment from the telegraph - they may well take certain steps to prevent a rally in the Dollar ( Topicel in particular) Are we maybe going to see
a gold linked Bond? or some way to prevent the Chinese, Malays Indonesians etc etc from pumping their money out of China and right into Wall Street ( yet another reason Wall Street is getting higher).
In the view of new money pouring into US shares, eg their Bank shares, I'll say here that the US markets have higher to go before the bust. Not next month anyhow.
HOC has her own agenda , as said with the dispute over I'm happy to hold and see.
GL to all !
H

[topicel] 26/1/2017 11:25

Thanks Stevea.

I couldn't believe a fortnight closure but even a week is still more than enough leeway for COMEX to make small inroads daily and make it seem quite normal if they are still so inclined.

The timing with the end of settlements for the period today might deter them though as renewed open positions should be placed long IMHO for March delivery.

The trend this year is up after all...

Topicel

[stevea171] 26/1/2017 10:00

SGE closed now for a week.

Shanghi Gold Exchange
Notification on Market Risk Control during Chinese New Year 2017
Date: 2017-01-19

Dear Members,
According to the holiday schedule issued by SGE, the market will be closed from January 27th (Friday) to February 2nd (Thursday), and there will be no evening trading session on January 26th (Thursday). The market will be opened on February 3rd (Friday).

[topicel] 26/1/2017 09:20

Presumably then an open goal for a fortnight as the Shanghai Exchange won't be dealing?

When will they learn? Or, more likely, are they just happy to let the Yanks knock the paper price down and then pick up more PMs at sale prices in mid-Feb?

Surely they have automated trading going on too while on holiday? Lol.

Topicel

[goldenshare888] 26/1/2017 09:17

DT, I tend to agree with your reasoning here.

I am holding 100% for higher pricing.

:))

[dt1010] 26/1/2017 08:36

I don't see this pull back in pm's lasting more than about a week.

So I wont be buying more yet :(

But...on the weekly stocks gold sits at 35....it will not be over bought until it hits 80

So quite frankly this is a SHORT TERM pull back.

If you bought recently don't sell into it as it will NOT last.

Those with dry powder, wait until early-mid next week for lower prices.

THEN BUY.

[goldenshare888] 26/1/2017 08:28

I expect a big turnaround after options expiry!

:))

[goldenshare888] 26/1/2017 07:29

or maybe in 3 months or 6 months?!!

:))

[npp62] 25/1/2017 21:06

Tuscan.... I'm keeping the faith. I can see very few, if any better alternatives where I can invest. But I'm not as optimistic as some, that this will 'go to the moon?' anytime soon. No matter how much I'd like it to... I've been invested here fir a few years now. Seen the ups, downs and ups again.... I'm confident it'll double in price from here. But the timescale? Who can tell... 1,2..5years??... maybe more...

[saturdaygirl] 25/1/2017 20:54

Dollar continues its downward spiral , or is it the neck line ?

[topicel] 25/1/2017 20:24

Timing old boy. If you bought HOC at the start of this year, what's the problem?

If you even bought last July, what's the problem? The dollar is weaker, and has to get weaker for Trump to MAGA.

Unless you don't think he'll get his way during the first 100 days...?

Topicel

[saturn5] 25/1/2017 20:11

I regret buying HOC because all I have done is lose money.

I thought the $ would fall and Gold and Silver would rise but no they are being held back as is the price of HOC and other G and S miners.

Its a racket

[majorpain2] 25/1/2017 20:05

When will the plates start to fall? When the Euro implodes. Look at the youth unemployment in the club med and tell me thats a good sign for the coming years. Still not regretting buying HOC yet...