Hochschild Mining Share Discussion Threads

[dt1010] 26/9/2017 08:27

Chin up juju Rome wasn't built in a day what's the rush?

[acwill] 26/9/2017 08:26

Nice piece on bloomberg yesterday re. peak gold

The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council.

Production is likely to plateau at best, before slowly declining as demand rises, especially given global political risks and robust purchases by consumers in India and China, Randall Oliphant said in an interview Monday.

“It’s not clear how the whole U.S. political system will play out,” said Oliphant, an industry veteran who’s been an executive at some of the world’s biggest gold miners. “All this uncertainty seems very fertile ground for people to get into gold.”

Prices could climb to as high as $1,400 an ounce in the next 12 months, and top record highs in the “medium term,” Oliphant said at the Denver Gold Forum, the 28th annual gathering of mining executives, hedge funds, bankers and analysts that attracted about 1,100 attendees.

Gold futures in New York settled at $1,311.50 on Monday and reached a record $1,923.70 in 2011.

Oliphant’s concerns over peak production echoed similar comments at the conference, being held this year in Colorado Springs. David Harquail, chief executive officer of Franco-Nevada Corp., said earlier Monday that the gold industry continues to be in an ex-growth phase where new mining projects are simply replacing older assets that are running out of ore.

“We’re not going to fall off a cliff in the near term, but in the same time it’s really hard to see how we’re going to produce enough gold to meet all this demand,” Oliphant said.

[juju44] 26/9/2017 08:20

the metals will be brought back down today which could make HOC disappoint again

[shakeypremis] 26/9/2017 07:43

Indicators starting to turn here for HOC. If PMs play ball this could be the beginning of big re-rate at least back over 300p you would think. I am hoping for at least 50% on my last 240p purchase.

[dt1010] 25/9/2017 18:41

Gold will rise without war. War is always touted as a reason for it to rise though. None of us want bodies for personal profit though, with any sanity anyway.



$1400....called by a 'commodities king' ....in 2017 no less.

Will take this above 300p easy IMO, in 2017.

[lauders] 25/9/2017 18:25

Let's hope war does NOT materialize! No matter how much we want gold & silver to increase in value I am sure we all wouldn't want war to be the reason! Praying it does not come to that!

[dt1010] 25/9/2017 18:12

Like I've said. War will come to divert world attention from US economic disaster. Well, I didn't, that lovable doomster did, Marc Faber.
Here's to $1380 first target.

[onedayrodders] 25/9/2017 16:33

agree breaktwister ...

The Yanks message is "DO AS I SAY NOT AS I DO"

[onedayrodders] 25/9/2017 16:31

Not trying to say this isn't scary but looks like PM's have shot up on some more hot air ... this momentum doesn't last long

Just out

North Korean Foreign Minister Says "Trump Declared War", Threatens To Shoot Down US Bombers


North Korea's foreign minister said that Trump’s comments "amount to a declaration of war" and that North Korea has "every right to take countermeasures against the United States, including to shoot down American jets outside the DPRK's airspace."

[breaktwister] 25/9/2017 16:30

Just seen the news on war escalations driving metal prices. I think NK are correct, US acts like it can do what it wants and all other nations have to follow its rules, military everywhere, sanctions etc. There is going to be a hard fall for the US. I just pry they dont take the whole planet with them.

[onedayrodders] 25/9/2017 16:25

US$ up but USD / JPY biggish move down ? what goes

I'm guessing this is a head fake bull trap move

[breaktwister] 25/9/2017 16:24

Metals look really strong to me since the US open today, compared to the weakness we have seen recently. I added on the dip to 230 this afternoon.

[onedayrodders] 25/9/2017 16:22

(So I've heard)

[ifthecapfits] 25/9/2017 16:22

Thin finger....

[onedayrodders] 25/9/2017 16:22

dunno but my local massage parlor charge a premium for it

[obbig60] 25/9/2017 16:20

Whats the word for a reverse slapdown?

[charles clore] 25/9/2017 16:20

Here we go - it's a buy but be quick

[simonthe1st] 25/9/2017 16:10

"N. Korea has right to shoot down strategic US bombers even not in our airspace - foreign minister"



Gold back above 1300

Silver back above 1700

[onedayrodders] 25/9/2017 15:58

If the green line follows the blue line on the 24 hr gold chart Gold will move down $2 to $3 imminently

[onedayrodders] 25/9/2017 15:55

Very true Feb

Alas a year ago the much touted at that time upcoming Dutch, French and German elections were deemed to be potential black swans but never amounted to anything.

Even North Korea latest bomb was seen as a positive on Wall Street !

[february 30th] 25/9/2017 15:10

ODR,

The Fed would need to have tied down all variables, and as new variables crop up, they have to gracefully incorporate them into their model.

What the model cannot allow for are genuine black swans, because they cannot be planned for. They always have the potential to crash the system.

[onedayrodders] 25/9/2017 14:50

I'm wondering whether the FEDS low interest policy, cheap money, QE path that has facilitated company share buy backs means the DOW actually cannot crash.

Have they actually found a way of keeping it afloat forever

The US$ will just halve in value though ... so a crash hidden by a currency crisis and devaluation

[onedayrodders] 25/9/2017 14:46

I'll drink to that DT

[dt1010] 25/9/2017 13:51

Keep the faith folks...;) HOC is a VERY STRONG BUY NOW.

'The precious metal might have another day or so of weakness early this week as a final “flush” off momentum traders. However, once gold breaks above $1,300 with conviction (likely by Wednesday morning), the next leg up will have officially begun.

This next leg will see the precious metal begin its ascent to $1,370+. We believe gold will be there by mid-October.'