Hochschild Mining Share Discussion Threads

[goldenshare888] 15/8/2017 15:03

I have taken the opportunity to add even more on the dip @ 319p.

:))

[edjge2] 15/8/2017 15:00

Gold appears bouncing HOC at a discount for tomorrow's open. Added some.
Yes 1300 refusal looks dodgy but NK cound go active any evening our time, just mad enough.

[stevea171] 15/8/2017 14:34

Current gold:silver ratio is 75:1 which is very much on the high side. Low for the past 5 years is 50:1 and historically was more usually in the 20's and 30's.

With BullionCoin it would make sense to purchase by buying silver at current prices and converting to BullionCoin at the 50:1 rate offered to maximise holdings of BullionCoin. If people generally did this it would lead to a new huge demand for physical silver that at some point could not be met and break the cartel.

Cartel understands this so what does it do? The same old, same old take downs that don't put people off silver or gold and never have worked.
Out of ideas and soon out of time .....

[juju44] 15/8/2017 13:47

Looks like todays forecasts by the usual crew here are down the toilet once again.

[february 30th] 15/8/2017 12:44

But how can you have a fixed 50:1 ratio, if the coin is full backed by two metals with changing valuations?

[stevea171] 15/8/2017 12:34

Lauders. Quite so. I want some. Likely to be UUUUUGGE demand!!

PM manipulating cartel crushed??!!!

[lauders] 15/8/2017 12:28

Will be very interesting to see how bullioncoin fares Stevea171. At least it seems more credible than the cryptocurrencies. Also interesting to see if it has any impact whatsoever on the gold market.

[dt1010] 15/8/2017 11:38

Yes it is indeed all about timing. Interesting facts you posted on the differing behaviour of silver during different crashes.

I think a 2008 style crash will come. But...on a far larger basis. Worse than 2008.
I will be out of equities when it comes. I think I will be anyway. I don't know when it's coming...but I will exit while the going is good. That is all I know.

For now I think gold and silver will go up. And I think miners will benefit.

But next year, 2019, 2020....these are dangerous times. I would rather exit on the positive, take my gains and watch it all go up further on the sidelines.

Then have plenty of cash to play with on the short side. Just the outline of a mad plan lol

In Ray Dalio's words: 'recognising our responsibility now is to keep dancing but closer to the exit with a sharp eye on the tea leaves'.

[february 30th] 15/8/2017 11:23

DT1010,

The question is, how many corrections are you modelling your scenario on? And which correction describes what you are looking for the best?

As far as I can see, the 1929, 1987, 2000 and 2008 crashes/corrections saw PMs fall -or at least in 1929 the miners fell. Once the 1929, 2000 and 2008 corrections had played out, PMs (miners in 1929) recovered sharply.

However it should be noted that in 2000 and 2001 the fall in silver was slight. Furthermore, the dotcom bust did not smash all assets. If in early 2000 you had invested your dotcom profits in Electronic Boutique (Game Group?) or RJB Mining you would have done very well - provided you didn't hang on to your shares for too long!

Also, in 2007, as the cracks started to form in the system, silver's first reaction was to go up 50%, or thereabouts.

What I am saying is that each correction has its own properties. While you are probably right that all assets bar the dollar will get smashed, they may not. If you take a 1987 model - short and sharp - silver just goes down. 2007, then you may see it spike to $35 - before it goes down $10. Or maybe this time it will be different, and silver will go up beyond $35.

I think the rational for being interested in PMs short term is that you have a manipulated financial system, and they are one of the few assets that have not gone up. Too many cracks are forming, and the system is like a speed freak trying to stay awake for their third night. Something has to give, and that's when the manipulation will fail.

Of course if you think the big crash is on the way, that will take everything down, it won't necessarily go to plan. Next year might be convenient for you, but it could start unfolding over the next few months. It's right right time of year, and everyone is starting to get complacent again.

[dt1010] 15/8/2017 10:50

The jug does indeed sit right on the fence. He can't stand the thought of being seen to be wrong.

Yes the PMs are manipulated. For instance I believe, though it may be controversial on here to say so, that when the market crash comes, and it will, 100%, gold will fall to sub $1000. And silver? ... $9? $10?

Now....how can we prepare for that?

By dumping equities and buying the dollar.

Counterintuitive perhaps but the USD will soar as the markets crash.
Everything else will get smashed. Pm equities included.
It will be a fantastic buying opportunity.

The key is not holding on the long side when the crash happens. But going short by what buying short index ETFs? Timing is everything as the rally could continue for some time yet (the bubble could keep expanding!!)

And then, piling into pm equities and leveraged gold and silver ETFs when the crash reaches the bottom....

And buying physical gold too?

So where does that put us now? As holders in HOC? Investors? Or gamblers, hoping the crash doesn't happen while we have money invested?

If we're honest with ourselves, probably the latter.

Note with interest: Jim Rogers didn't get very rich by being wrong. He is not buying gold now. He holds more USD than anything else. He says he hopes to be smart enough to buy gold when/if it goes sub $1000.

So let's not kid ourselves. All boats but the USD will crash when the crash comes. That inudes gold and silver of course. And all miners. Short ETFs will do very well!

[juju44] 15/8/2017 10:45

Nope , I am heavily invested in the miners but I cannot predict when they will take off - like Maguire , except he pretends he know - I dont . You folks keep predicting and keep being wrong. Maybe you are listening too much to Maguire and his ilk

[killary cunton] 15/8/2017 10:43

Juju cant lose.

[onedayrodders] 15/8/2017 10:40

Juguire 15273 of 15274 .... isn't that a line that also will not be deserving of medals ?

you are basically sitting on the fence with all angles covered.

[juju44] 15/8/2017 10:37

DT - I am being facetious but when Trump / Yellen say its booming , market believes and reacts accordingly. What you and I think is irrelevant

[juju44] 15/8/2017 10:35

Not right Rod , I keep saying they will reverse the trade when it suits them - probably when all the lumpen have been relieved of their stashes by Morgan /Goldman and the rest of the scum at silly manipulated low prices. They take it up and down endlessly making billions in each direction . Happy days

[dt1010] 15/8/2017 10:33

His comment on a booming economy is hilarious..... Shows how little he knows

[onedayrodders] 15/8/2017 10:31

juju4415 Aug '17 - 10:24 - 15269 of 15270 0 0
we all know 1300 will be breached at some point

really Juguire ? I thought you said the crims will never allow and we are all wasting our time

[dt1010] 15/8/2017 10:28

Tell that to Ray Dalio.

For the time being Pms are on the up.

If you don't believe that, then you need to 'unload'. I take it your still 'fully, cough, loaded'. ;)

No one can predict timing. Not me not you, not Soros, Rogers etc....all you can do is position yourself and wait.

Who wants a medal anyway ;) could give you the booby prize for the most annoying poster though lol

[juju44] 15/8/2017 10:24

we all know 1300 will be breached at some point - no medals for that . You get a medal if you can predict when . War talk ,US booming economy ,all $ positive . $ positive = gold negative

[dt1010] 15/8/2017 10:20

Juju dude. Look at what the HOC share price has done. We've been right all along and $1300 will be breached at some point, who knows when.

You'll still be negative and sarcastic when this is trading at 600p.

Results here tomorrow.

[juju44] 15/8/2017 10:17

You guys been calling 1300 for months ......Yawn

[onedayrodders] 15/8/2017 10:16

so still wet behind the ears then Charles