Hochschild Mining Share Discussion Threads

[davidspringbank] 23/3/2018 09:26

Don't worry, they'll soon start diving into PMs for safety as the markets are selling off. Hoc has not been this cheap since Dec 16. Look at the charts of HOC and Gold and forget the noise and chatter.

Have a look at this recent video Fed rate hikes are good for gold:

hxxp://igoldadvisor.com/category/videos-interviews/

[davidspringbank] 23/3/2018 09:19

Stevea, I bought back in late yesterday afternoon when everyone else was selling and Hoc was down 4.80%.

[stevea171] 23/3/2018 08:52

China Prepares Death Blow to the Dollar.
Thu, 03/22/2018

On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council.

With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention.

This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency.

But this isn’t just some slow, news day “fad” that will fizzle in a few days.

The Petrodollar’s Downfall Could be a Lift for Gold

Amongst all the trouble ahead for the dollar, there are some good news too. The U.S. might have ditched the gold standard in the 1970’s, but with gold making a return to world headlines… we could see a resurgence.

For the first time since our nation abandoned the gold standard decades ago, physical gold is being reintroduced to the global monetary system in a major way. That alone is incredibly good news for gold owners.

A reintroduction of gold to the global economy could result in a notable rise in gold prices. It’s safe to assume exporters are more likely to choose a gold-backed financial instrument over one created out of thin air any day of the week.

Soon after, we could see more and more nations jump on the bandwagon, resulting in a substantial rise in gold prices.

[stevea171] 23/3/2018 08:28

Rhu. ok. no problem.

ot. MML going to 60p+ next week? Order book at the current price on the buy side is strong.
A support factor in current and future rises is that over the past 5 years nearly everyone who wanted to sell has sold. That leaves long term died in the wool holders and recent entrants from 30c who are likely to understand that there is a lot more share price appreciation to come.
An update on reserves/resources from the most recent underground drilling that is ongoing is likely next week.

[edjge2] 23/3/2018 06:51

thanks Darren most informative, not hit newsnow website here which is odd. Market bouncing now but may be not for nervous HOC.
well it is headed 200+ so glad I have been buying 190 or so. My truck overloaded.

[darrenp746] 23/3/2018 05:28

One extra dimension to HOCs downward momentum at the moment are the political scandals taking place in Peru. Not on the news in the uk but there are major corruption scandals hitting and many peruvian stocks have been hit by the uncertainty. PPK the government has been hit by the scandal, the president has resigned and the main opposition led by Keiko is also involved. Could be nervousness that the 3rd party could become the new number one, nerves as they are very left wing.

[edjge2] 22/3/2018 22:26

Looks like its on support from 2016, got a good few there. 180p achieved intraday from memory but may well go 15p lower this time. It'll all come out in the wash but inevitably bounces.

[juju44] 22/3/2018 19:49

Should help gold

[eeza] 22/3/2018 19:48

Yanks throwng their toys out - Dow off 700.

[davidspringbank] 22/3/2018 19:37

I don't think HOC will get anywhere near 150. I bought at 189 in Dec 16 during a similar sell off. I was thinking about buying tomorrow instead of 10 mins before the close today, but stuff it. I've got things to do.

Anyway, the best of luck with that.

[dt1010] 22/3/2018 19:09

150p support

Could hold?

Coming.

The market has indeed already started its collapse.

Party getting started. S&P just went negative on the year.

[davidspringbank] 22/3/2018 19:00

The markets are in the early stages of collapse. Target DJ 13,000. There's a lot of overpriced junk out there, including cryptos.

I've been buying bullion silver around 15.75 - 16 and gold at 1250.

Safe and sensible.

[eeza] 22/3/2018 17:55

Yanks frightened the Bejeezus out of the spineless, week-kneed, yellow-livered Brits again - and as soon as FTSE closed up goes the Dow.

Laughable.

Day after day.

[davidspringbank] 22/3/2018 16:51

Still hoping to get some silver bullion tomorrow, if the price is right.

The Hoc deal has given me an extra 1401 shares than I had before. Target price £6. Woo Hoo!

[edjge2] 22/3/2018 16:45

Yep below 190 probably not missable. Steady fall today
Add some more if still goes down. Company doing well so longer term is good. Outside markets affecting?

[rhuvaal2] 22/3/2018 16:42

Yes certainly and I did a couple of cut-n-pastes onto minnow gold boards indicating it to be a MANDATORY read: but to no avail, peeps preferring the intrigues of management.
Your name wasn't mentioned, just www.zerohedge.com etc.

[davidspringbank] 22/3/2018 16:30

Rodders, what's your reverse indicator?

It's maybe not the exact bottom, but it will do.

[onedayrodders] 22/3/2018 16:27

I see you waited for my reverse indicator david

;o)

[davidspringbank] 22/3/2018 16:25

Bought 27,580 HOC @ 191.1829p.

[onedayrodders] 22/3/2018 15:52

as they say on Dragons Den ... "I'm out"

[eeza] 22/3/2018 14:57

Yes.
That's why the retail investor is doomed to lose, unless you get on the same side of the trade at the same time as they do.

[juju44] 22/3/2018 14:56

YEp , they will NEVER be beaten . Biggest gangsters in history and supported by governments

[onedayrodders] 22/3/2018 14:47

oh dear eeza... that is very depressing

[onedayrodders] 22/3/2018 12:21

here comes the Nymex boys