Hochschild Mining Share Discussion Threads

[stevea171] 20/9/2017 10:24

Looking like today there is hammer candle confirmation for yesterday. This is a significant charting candle for reversal of a trend.
See what happened in the HOC chart after the last hammer in early July.

Hammer Confirmation
The true confirmation of the hammer candle can only be made when the very next proceeding candle closes with a higher low than the hammer candle. This confirms the capitulation from sellers, as buyers have determined the price is too attractive to pass up and quickly buy into the position. When the proceeding candles continue to consecutively form higher lows, it indicates that the buyers are now supporting the pullbacks buy and bidding up shares.

[charles clore] 20/9/2017 10:13

I think Richkid may be hoping for PMs to go lower for his own reasons but it looks to me like the bottom was yesterday.

[onedayrodders] 20/9/2017 10:10

I think this might be the capitulation point and major buy signal (no offence RK)


richkid71
20 Sep '17 - 08:47 - 16346 of 16348 1 0

This is going to fall further. Very little interest in gold or silver even during geo-political crisis. People are just not interested - at least not enough interest to warrant the moon shoot people keeping hoping will happen. Hope doesn't move a share.


At least this sentiment is what they say to look out for as THE bottom

[dt1010] 20/9/2017 09:26

Gold may go lower.....$1280 region but if that holds on a close then the rebound will come there.

HOC is cheap on technicals and fundamentals.

Money will pour into it when gold reverses.

And it will, ferociously, imminently, IMO with a $1380 first target.

[topicel] 20/9/2017 09:21

Stevea, I doubt if the Fed are ever " out of bullets" nor Draghi etc., with his 'whatever it takes' reasoning.

The likelihood is they too are pausing for the Yellen announcement, indeed I would suggest that happened yesterday too, and, as we think the cartel knows what is happening as well, that is either a false flag or the bottom has been reached.

In other words, we are none the wiser and at the mercy of the decision as the UK market will be closed.

Personally, and optimistically, I am hoping that everything bad for PMs and positive for the dollar has been priced in about QT and interest rate rise talk, that Yellen will remain dovish for another three months and simply signal that if accommodation signals remain the same until then she will begin the unwinding of QE in December.

In other words, put the onus on the data, as ever. Intentions are not actions and the dollar should sell off if that happens...

Or does anyone think she wants to make a name for herself if she might get replaced and be the one to start the stampede for the doors on Wall Street?!

Fascinating and yet omnipotent for us little PIs.

Topicel

[richkid71] 20/9/2017 08:47

This is going to fall further. Very little interest in gold or silver even during geo-political crisis. People are just not interested - at least not enough interest to warrant the moon shoot people keeping hoping will happen. Hope doesn't move a share.

[stevea171] 20/9/2017 08:46

Low volume in HOC so far at only 66k as everyone waiting on the Fed it seems.

Cartel out of bullets? They have taken their foot off the brakes for the last day and a half and PM's starting to rebound ....

[juju44] 20/9/2017 08:46

This has had an almighty smash - down almost 1/3rd in 6 weeks but technically it is now extremely oversold with indicators on the floor . it may go lower but I think it is well overdue a bounce . I expect that to be soon

[shakeypremis] 20/9/2017 08:31

I was going to hit the buy button this morning but it's still looking a undecided regarding direction. That bounce in gold and silver could so easily get wiped out later today too.

[dt1010] 19/9/2017 21:46

$1280 me thinks

[charles clore] 19/9/2017 21:04

edgje - good luck with that 1250

[edjge2] 19/9/2017 20:22

DT hope you are right but likely a small bounce after FOMC then down to about 1250 for a monumental bounce up as correction overdone

[onedayrodders] 19/9/2017 20:20

A Higher Low?

We should note that if gold prices were to bottom over the next two weeks at any level above $1,301, this would represent a bullish development for the price forecast into 2018.

Lets hope so

[dt1010] 19/9/2017 19:31

Back up again eeza. This pull back is nearly exhausted if not already.


Why You Should Buy This Gold Pullback $GLD

[eeza] 19/9/2017 18:15

Crimms straight back to work.

[richkid71] 19/9/2017 18:04

You should work in the HOC sales team. I admire your determination. Who knows if this will reach 250P let alone 350P. The new Steve posted today looks very promising but that nothing is rarely straightforward so expect some unforeseen circumstances along the way. Will GS get last years or this years predictions of 550P+ hmmmm, probably not.

[dt1010] 19/9/2017 17:13

Tomorrow is the judgement day for gold.
Bottoms are never straight forward.
But investment isn't nevcessarily about finding it exactly.
Just looking forward to the Peruvian permission to come back and a ramp up in production.
That will put this on 12 times earnings next year.
350p will be cheap at that stage.
And therefore 240p ridiculously cheap in retrospect.
People always expect it to get endlessly cheaper when a stock is falling. But the reality is on fundamentals going forward alone, this is a very strong BUY.

[juju44] 19/9/2017 17:01

They allowed it to go over 1300 after several attempts . They dont need to take it back below that . bwtfdik

[onedayrodders] 19/9/2017 16:58

Given the move from $1350 to $1300 and change it's no wonder only a few are dipping their toe in at the moment.

[richkid71] 19/9/2017 16:31

If this does move north I bet the rise won’t be as hard as the fall south. Gold movement has been very weak today even given ‘the one with tiny hands’ speech.

[dt1010] 19/9/2017 16:21

You think it will go lower? (I take it you don't?)

[charles clore] 19/9/2017 16:13

DT - I think you are being overly optimistic, depending on your trading stance of course :-)

[dt1010] 19/9/2017 16:07

Ha. I reckon $1280 is the gold target short term. Then the reversal from there.

[juju44] 19/9/2017 15:59

Oh Dear , let me out of here