Hochschild Mining Share Discussion Threads

[juju44] 16/2/2018 10:06

D3009 - did you just buy more ?

[dt1010] 16/2/2018 09:40

Basically follow Dalio

[davidspringbank] 15/2/2018 23:02

It's time to get serious about silver:

hxxp://www.silver-phoenix500.com/article/it%E2%80%99s-time-get-serious-about-silver

[dt1010] 15/2/2018 21:37

Hope

Fully

We are at the start now of a bull market in the sector

[stevea171] 15/2/2018 19:48

Rhu. Thanks, hope you do well here. The sell off here was well over done but affected all the PM miners. Even FRES was butchered to a more than 1 year low last week.

Going forward we have FY 2017 results from HOC next week. Probably similar to 2016 (which has held back the sp) but once they are out of the way the market can start to look forward to much better profitability figures and more record production coming out all this year starting with Q1/18 due in April. Some new near mine exploration results should be due for release from the summer drilling (southern hemisphere) and some may be dramatic as we have seen already at Inmaculada!

Company bonds all paid off and cleared last month, partly replaced by low interest Peruvian Bank borrowing. So the release from the 7.75% interest burden of the bonds that has been a stone around HOC's neck will improve financials from this quarter.

[juju44] 15/2/2018 16:58

yep , been hearing that for last five years

[kryptonsnake] 15/2/2018 16:46

Surely silver needs to start catching up with gold!

[juju44] 15/2/2018 16:41

Don't think the crime machine wants silver over 17 $

[goldenshare888] 15/2/2018 16:31

A VERY STRONG V-SHAPED RECOVERY UNDERWAY HERE!!
:))

[rhuvaal2] 15/2/2018 15:17

Thanks stevea, I am fully weighted here and read all (live) posts.

[d3009] 15/2/2018 10:47

Yup ! took your advice Juju

[juju44] 15/2/2018 10:43

So you sold ?

[onedayrodders] 15/2/2018 10:28

d3009 .. go to the back of the class immediately

[juju44] 15/2/2018 10:07

could you please sell immediately

[d3009] 15/2/2018 10:03

Just bought back in an immediately the price went down 4p - sorry dudes I'm jinxed

[hectorp] 15/2/2018 09:07

Bring it on, steve. Also we agree about the dollar and gold this week, eg from your previous post. I'm still long HOC from 214-216. Gold is the better metals play just now, as the dollar falls.

I repeat your last post, I'm long gold from yesterday for the trade to 1380's hopefully in the next week. Gold $1354.5 at the moment. I had expected even more upside in the Far East, it could come with US open.


"Gold back over $1350 and holding above this level which is an indicator that it is most likely going to break out again and $1382 followed by $1400 in this wave could happen quite quickly now.

This is supported by what's happening with the US$ Index. This has fallen back in the past few days to 88.70 which is very close to the low it reached 2 weeks ago and is now set to fall much further imo."

[goldenshare888] 15/2/2018 09:06

Great post stevea, keep up the good work... :))

Gold $2000 + this year or next?

:)))

[stevea171] 15/2/2018 09:01

$ is now toast. TIIMMBBBEEEEEER look out below .... !!

Williams: "It's The Long-Term Insolvency Of The US Government That Markets Don't Like." Wed, 02/14/2018. Authored by Mac Slavo via SHTFplan.com,

Economist John Williams sat down with USA Watchdog‘s Greg Hunter to discuss the dire state of the dollar and United States economy. The monetary path the US is on is out of control, and the unwillingness of government officials to reduce the deficit and stop spending money will cause major problems in the very near future.

Years of socialist policies and reckless spending will eventually end in a complete collapse. Williams is not the only economist to sound the alarm either. As the tax cuts are always positive (people keeping more of their money is always good for the economy) the unwillingness to decrease the size and scope of the government with an expanded deficit will be the downfall of a once great nation.

“The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the economy. The problem is the average guy is still not making ends meet. Anything that increases the disposable income is a plus. This does not necessarily go to the guys at the lower end of the income scale, at the moment, but generally there should be a little economic pick up here from it. The problem is what happens to the budget deficit. We just went through a round of the government shutdown and a package that supposedly lays things out for the next two years, but it widens the deficit.

The deficit is beyond control…We have $100 trillion in unfunded liabilities. That means you need $100 trillion in hand right now to cover the federal obligations going forward...

Printing money to meet obligations is what happened in the Weimar Republic in Germany. This happened in Zimbabwe. This kind of thing eventually gives you a hyperinflation. . . . Ongoing budget deficit and debasing of the dollar will give you global selling pressures in the currency markets. . . . We haven’t seen much selling in the dollar, but that is going to change. You are going to see flight from the dollar and flight from the markets as well.”

Hunter then said that the government must make massive and deep cuts to salvage the economy, but no one in Washington wants to make the difficult decision.

“It’s the long-term insolvency of the US government that the markets don’t like.”

Then Hunter asked if Williams thinks there’s a “pretty severe hit” to the economy coming because of the expanding deficit, which will expand the national debt by $10 trillion. Because there are no plans to cut the deficit, Williams simply responds, “right.”

[juju44] 15/2/2018 08:59

will silver crack 17$ now

[stevea171] 15/2/2018 08:52

Yesterday:
Kinross +8.7%
McEwan Mining +8.2%
Yamana +5.2%
GoldCorp +4.1%
Barrick +3.2%

We didn't see rises anything like that for the LSE listed gold miners.

[dt1010] 15/2/2018 08:51

Nice support from Motley Fool

Metals mammoth
Those fearing fresh blood on the stock market floor may also want to take a close look at precious metals producer Hochschild Mining (LSE: HOC) today.

Gold and silver are of course classic rush-to-safety assets, and this is reflected in the robust buying that has kept bullion prices locked in a tight range around January’s 18-month peaks above $1,350 per ounce. A fresh weakening US dollar, a very-likely scenario given the ongoing political intrigue in Washington, would cause prices of these commodities to power higher again.

What’s more, Hochschild is stepping up production to give earnings growth an extra boost. The London-based digger, which has assets all over The Americas, produced a record 513,598 gold equivalent ounces and 37m silver equivalent ounces in 2017.

Against this backcloth, City analysts are expecting the FTSE 250 business to grind out splendid earnings expansion of 37% and 29% in 2018 and 2019 respectively. These projections also make Hochschild brilliant value for money as investors need to look past a weighty forward P/E ratio of 32.4 times and instead concentrate on a corresponding sub-1 PEG reading of 0.9.

[stevea171] 15/2/2018 08:34

GS. Yes, very strong recoil from the cartel's dump of PM's yesterday.

Gold back over $1350 and holding above this level which is an indicator that it is most likely going to break out again and $1382 followed by $1400 in this wave could happen quite quickly now.

This is supported by what's happening with the US$ Index. This has fallen back in the past few days to 88.70 which is very close to the low it reached 2 weeks ago and is now set to fall much further imo.

[goldenshare888] 15/2/2018 08:27

Underway.... V-shaped recovery continuation pattern....... :))