Hochschild Mining Share Discussion Threads

[onedayrodders] 01/3/2017 21:14

that rings very true

[stevea171] 01/3/2017 21:12

Gold & Silver ROAR Back After Smash, Could Commercial Signal Failure Be Next?
Posted on March 1, 2017

We suspect today’s trading action in the metals was NOT what the bullion banks had in mind, particularly after building up ALL-TIME-RECORD short commercial short positions in silver.
Will A Commercial Signal Failure and A Massive Short Squeeze Come Next?

Gold and silver prices have been under attack over the past 48 hours as the Fed is suddenly hell-bent on forcing a March rate-hike narrative down the market’s throat. Odds of another rate hike by the Fed in March have surged from 20% last week to over 82% today.

After breaking through the 200 Day Moving Average and reaching $1263 early Monday, Gold prices traded as low as $1237 this morning, but have rallied this afternoon all the way back above $1250!

Silver was knocked from $18.55 Monday down to $18.15 last night, but has amazingly retraced the entirety of its losses in today’s session, with a last of $18.50!

Both metals’ refusal to break down in the face of what now appears to be an imminent Fed rate hike in March, along with Trump’s $1 Trillion in Infrastructure Spending comments in his Speech to Congress Tuesday evening are impressive, and signal that LARGE buyers are now buying ANY and ALL dips in gold and silver.

Today’s trading action in the metals also gives validation to London Trader Andrew Maguire’s comments last week that a physical floor has been placed under the gold and silver markets due to massive outflow of physical bullion, and that the system faces a heightened risk of a price reset over the next 90 days. Maguire went so far as to say that should $1232.30 becoming support materialise and gold head back towards $1250, such a stair step rise in PHYSICAL support poses a serious threat that threatens a commercial signal failure.

[dmitribollokov] 01/3/2017 19:36

anyone who thinks that chart looks short term bullish needs their head read... could quite easily smash through 240 initial support and test resistance of former downtrend channel upper limit.

This is not schadenfeude just trying to help.

[stevea171] 01/3/2017 18:49

Butler. Good to see you back. How are you?

The correlation of the PM's to the miners is not always in perfect sync. There are many other factors. Sometime the miners will take off and the metals take off later or vice versa and in an uptrend miners can get a bit ahead of themselves so some of the froth may come off.

In this case there's not too much froth! but they have had a good run since mid December with HOC up about 37% from 190p, although it's about flat since the US election. Benefits in terms of profits - yes, today but what about tomorrow? What price silver in the next 4 months to end June or 10 months to end December?

The main take away is that all miners have fallen off their recent highs (not HOC specific) but are likely to regain these prices and more when the market decides to reverse (again).

[goldenshare888] 01/3/2017 18:47

GAME ON!

I AM ALL IN!

:)))

[banj] 01/3/2017 18:40

Lookin good ;)

[saturdaygirl] 01/3/2017 18:17

DT

Its now punched through on my futures chart .

[dt1010] 01/3/2017 17:49

Will it punch through.....

With a rate increase bang up ahead...?

Be interesting to see what happens.

Am in it to win it.

What will be the catalyst for a break?

Goldman say 60% odds on for a rate increase..

I trust those guys.

Haha

[butler4] 01/3/2017 17:13

I am certainly no expert on the metrics and complexities of the pm/miner market - but, I have been a holder here for some years, have made money and also been burnt but, keeping it simple, if the price of the pm's increases - surely there is an immediate beneficial impact to the profits of the miners - allowing for fixed forward contracts etc and therefore the share price

Why are the miners prices currently not reacting positively to these pm price increases?

[onedayrodders] 01/3/2017 17:03

Debt ceiling commentary and good David Stockman video predicting chaos

[dt1010] 01/3/2017 16:24

I think we are very close to a turn around here

No real reason for sluggishness other than silver at resistance..

When $18.50 is past we're going to $21 and this will be back to 300p+

Now is a good buying opportunity.

As for a world wide crash....pull the other one.

[onedayrodders] 01/3/2017 15:29

Lauders 18,000 was not that long ago ... it only wont happen until it does.

[juju44] 01/3/2017 15:28

ODR - They are not clueless . It is us gold bugs are clueless. Those guys have made fortunes over past few years as all here predicted a crash - never happened and we have been on the losing side

[breaktwister] 01/3/2017 15:26

It seems all Trump wants to do is print and spend. How he is going to do this with Fed itching to raise rates and debt ceiling coming into play I dont know. Bullish for stawks though. The next meltdown will be be for real, I am genuinely afraid.

[lauders] 01/3/2017 15:25

Trouble is ODR that people have been saying that since around 18000! There is talk of 30000 or more by others. Nobody knows how long this will keep going. The only fact likely is it can't keep going up and has to correct sometime. Just when that will be is another matter, but "sell in May" might be particularly brutal this year. Will gold and silver fair any better than the rest of the market? We all hope so.

[onedayrodders] 01/3/2017 15:21

Dow Jones Industrial Average
INDEXDJX: .DJI - Mar 1, 10:19 AM EST
21,052.52Price increase 240.28 (1.15%)

is this for real .. they really are clueless over there

boy what a wake up call they will get soon

[pixi] 01/3/2017 15:20

The central bankers can only fight the rise of precious metals with paper because they don't have physical gold to back it up. And you know they are going to fight because that's what they have been doing since last year. It's a given. Eventually there will have to be a price adjustment between gold and paper.

[saturdaygirl] 01/3/2017 15:18

Silver taking another POP at the top rail .

[ifthecapfits] 01/3/2017 15:09

Meanwhile the POS has recovered from that small blip and is now rising again.