Hochschild Mining Share Discussion Threads

[lauders] 19/5/2017 09:27

Looking at the chart from when the 300p mark was breached it looks like post that time the 280s area has been a major resistance so when that 300p is breached again (note I did not say IF, have to be confident!) then hopefully we will really move north again.

[goldenshare888] 19/5/2017 09:25

Pressure building up in precious metal prices!

When the shackles are broken (could be very soon) the upsurge is going to be historic me thinks!!

:))

[topicel] 19/5/2017 09:24

"Pulling up Beetock, a steady climb...."

Next 'line' when we are back in the 280s please!

Topicel

[topicel] 19/5/2017 09:00

Bitcoin is more easily cross border for crims, hence the recent cyber NHS etc., hack used it.

That might be its death knell, and PMs black swan event as yet unrealised.

But I know nothing about it really, nor want to, other than of academic interest.

Similarly, basic charting observation tells me that if we hit calendar year highs - around 290p - in this rally we are looking very strong holding HOC. Lol, it's a strong hold anyway, but that is my near term perception this morning.

Topicel

[charles clore] 19/5/2017 08:26

Bitcoin is a road to ruin imho

[rrr] 19/5/2017 08:24

Why is Bitcoin any less a 'fiat' currency than the others?

[stevea171] 19/5/2017 08:16

Bitcoin continues the parabolic phase of its rise:

1 Bitcoin equals 1924.98 US Dollar

People abandoning fiat currencies en mass!

Pressure on the best alternatives - gold and silver will only increase ....

[pediment] 18/5/2017 20:46

Short term weakness due to a stuttering dollar rally mostly on the rebound from yesterday US hammering of DJI S&P and Nasdaq etc.

Gold will hold around 1250 but was overbought on the hourly at 1265ish.

The only thing that concerns me is that HOC has nosed off its upper Bollinger which it doesn't like at all often becoming directionless for a while after.

Silver has been hit today and if gold breaks 1250 we will probably revisit the 265 support. Just my opinion of course.

GLA

[juju44] 18/5/2017 18:11

Keep tellin ya , ya cant beat the crooks

[charles clore] 18/5/2017 16:14

Go on son GET UP THERE!

[topicel] 18/5/2017 16:01

Ho hum, but creeping ever closer to expiry time again and if we don't rally strongly above $17 soon then it will be difficult with Fed rate rise time following soon thereafter in mid-June.

Not much to be done about it all though.

Topicel

[lauders] 18/5/2017 15:35

Some hit again! If the precious metals recover it must be very positive.

[shakeypremis] 18/5/2017 15:16

Nymex are back!

[stevea171] 18/5/2017 14:54

ODR. I'm sure they are aware of all the technical levels.

Dollar is in a medium term down trend with the goings on in Washington not helping. If 97.50 is not triggered this week probably will be next week. Dollar is in a sharp reversal atm.

[goldenshare888] 18/5/2017 12:52

HOC chart could be painting a longer term Inverse Head & Shoulders pattern.

If so, then very bullish indeed!

I have been in these previously when they have gone from c 60p to c 700p within 2 years.

I would not be surprised to see 500p - 700p range this year, especially as the operation is in much better shape now than then.

We just need SILVER to break free from the shackles of manipulation.

Signs are there that this could happen soon..........

:))

[onedayrodders] 18/5/2017 12:12

hope not ITCF ..as that would mean back down to 16.65 before close.

I think the H&S patterns normally play out over a longer term chart and not a daily one.

But I'm no chartist

[onedayrodders] 18/5/2017 12:10

steve

from your post

"A weekly close at or below 97.50 should be considered an actionable major bear signal event. Currently the cash index is trading at 97.48."

Any coincidence currently being supported just above that key level .. (FED Dealing room ?)

97.503

[ifthecapfits] 18/5/2017 11:51

I'm not particularly familiar with such things or the meaning but could that be termed a H&S formation on the above Kitco chart?

[topicel] 18/5/2017 11:23

Nope, in the Stars Lauders mate. Get it right for goodness sakes!

On a less flippant note, I do get a sense that big forces are, and have been, at play for a while now that see PMs and related investments banging against each other's critical levels on a regular basis. Tectonic plates come to mind and something will give which is why, IMHO, I also see 300p as pivotal here.

Get thought that again and the effort will have been worth it soon thereafter I reckon. But any momentum always seems to be stymied...for the time being.

Journey sounding again - "Don't Stop Believing"!

Topicel

[ifthecapfits] 18/5/2017 11:21

thats some target G888

[goldenshare888] 18/5/2017 11:20

Good for you Lauders, I am not parting with any HOC until much higher pricing.

I target 500p - 550p by end Aug 2017 and then 700p end 2017/start 2018.

:))

[lauders] 18/5/2017 10:34

No offence Majorpain2 but I hope so ;-) Well done nonetheless. I am sticking it out for 300p and more! Top and Golden have told me it is in the tea leaves so it must be true ;-)

[stevea171] 18/5/2017 10:32

Michael Oliver, MSA (Momentum Structural Analysis), May 17, 2017:

Dollar Index
This has been in MSA’s sights all year. As far back as late December 2016 (in our Forex outlook for 2017) we said that a monthly close at or below 99 would break the Dollar’s annual momentum backbone.
That massive momentum structure traces back more than a decade. Also, a weekly close at or below 97.50 should be considered an actionable major bear signal event. Currently the cash index is trading at 97.48.

Gold
In recent reports we’ve argued that the major twisting and turning by gold since last September has merely been “technical noise” that in no manner alters the long-term annual momentum buy signal that we identified in February 2016 (buy signal $1140 to $1160, and buy signal for GDX at $15.50 to $16). There is no change in that view. We remain long-term bulls on gold and miners. For now we’re watching GDX for a secondary long-term momentum breakout (see the weekend report), and we’re watching for Dollar Index sell signal as a new wind at the back for gold.

[stevea171] 18/5/2017 10:10

We May Now Be In The Early Stages Of A Massive Short Squeeze In The Gold Market
James Turk – May 17, 2017

With the price of gold rising more than $20 today, James Turk told King World News that we may now be in the early stages of a massive short squeeze in the gold market.

Eric King: “James, you had been warning that the gold and silver shorts were in trouble and may finally get squeezed to the upside. In the last few months, you had also warned that one of these options expirations we would see gold soar because of the delta hedging. Why is this option expiration at the end of May so important?

The Early Stages Of A Major Short Squeeze?
James Turk: “It’s a consequence of delta hedging. When the price starts rising, options writers have to buy gold in order to remain delta neutral. Given the size of the short position that is out there, the gold price will be like a rocket launching and picking up speed as it gains altitude. If this is in fact the tipping point, who knows what will happen to the price of gold? We’re a long way from knowing if this will unfold. Having said that, this is exactly the kind of action you would expect to see in the early stages of a short squeeze…

If Short Squeeze Unfolds, Expect Skyrocketing Gold Prices
Both gold and silver have broken above their short-term moving averages and that signals a trend reversal. So now what we need to do is wait to see how this unfolds. There are still a couple of weeks to go before option expiry and that’s where I really expect the excitement to begin. Let’s put it this way, Eric, KWN readers around the world will know that a short squeeze is underway when they see a series of back-to-back daily gains much larger than what we are seeing today.”

[onedayrodders] 18/5/2017 10:02

sounds like a plan major ..well done