Hochschild Mining Share Discussion Threads

[dt1010] 24/3/2018 17:42

Thanks. This granny now knows how to suck eggs.

[stevea171] 24/3/2018 11:46

Gold at close $1347 having another run up. Should be an interesting week next week with the EOM/Easter shut down and start of the Chinese oil for yuan for gold on Monday. Silver remains under the cosh long after the pundits have predicted a massive surge so gold and silver diverging further on the charts below.

Gold on a long series of higher highs. Silver on a long series of lower highs. Just when is silver going to be allowed off the floor by the cartel?

US markets continuing wave 2 of the collapse next week? LIBOR is up 32 days in a row and will be having an increasing effect on borrowers (the government, companies and individuals) and the markets.

Everything moving into bear markets incl stocks, bonds, cryptos. Except gold. Gold continuing up and not far from it's 2 year high of around $1367.

Eric Sprott says just $100 increase in gold is likely to add 25-50% to the profits of gold miners which are at historic low valuations.

[davidspringbank] 24/3/2018 10:52

DT1010

I've got both gold and silver bullion and I believe silver will do well. I think it will do better than gold.The key of course is to buy low and sell high, but I have not sold any bullion yet. I bought gold recently at $1250 oz and also bought silver at $15-16 oz. Anytime gold and silver reach my buying prices, I buy another tranch. It's very simple and I like buying PM's with worthless bits of paper.

I also tell everyone what I have bought and how much I paid so everyone knows what is happening. This has encouraged others to do the same.

When I decide to buy a miner, I tell every one how much I bought and the price I paid. This can then be checked in the actual Trades made that day

I've been doing this since 2015. The last time I looked, I was up 167% on my original pot. I expect that to change significantly by the end of this year.

I have been trading Hoc since it was 40p and managed to buy the $1050 low, the Dec 16 low and the Thursday low this week. So I think I have a pretty good understanding of what's going on in the PM/Hoc world which allows me to part with large sums of cash, without worry, to buy Hoc when everyone else is selling. I am a contrarian, I always do the exact opposite of the herd. So that's the buying side. When I sell, it annoys other people when I tell then what I've done so I tend not to tell them at all! I always have a sell target when I buy. I do a lot of research.

PM's have been oversold, particularity silver, but now comes the revival with the bubble markets turning over and Trump's trade wars and the Feds rate hikes. People are moving back into gold for safety, as you can see from the charts.

hxxp://www.gold-eagle.com/article/markets-have-gone-%E2%80%9Cthelma-and-louise%E2%80%9D

hxxp://www.gold-eagle.com/article/global-trade-war-fears-see-precious-metals-gain-and-stocks-fall

[dt1010] 23/3/2018 22:27

Gold is the answer. Phys only. All else isn't real. Even silver will disappoint. Gold is king.

[edjge2] 23/3/2018 22:25

Hochschild Mining PLC
PINX: HCHDF in states about same

[dt1010] 23/3/2018 19:21

Golden dude it doesn't matter what any of us think

[davidspringbank] 23/3/2018 18:30

I've got a lot myself. Silver is well out of favour and can only go up from here, however the best returns will undoubtedly come from the miners. I fancy AAZ, HOC, OMI and GEO will do very well.

Good luck!

[rhuvaal2] 23/3/2018 14:46

Well done, but I have just now bought physical silver which seems the right thing to do (for me) at the moment. BullionVault in Switzerland and no vat if not taking delivery etc.

[davidspringbank] 23/3/2018 14:32

It's due to take off this summer so maybe early next year?

[davidspringbank] 23/3/2018 14:25

I am up 6.26% since parachuting in at 1620 hours yesterday. Fortune favours the brave!

[goldenshare888] 23/3/2018 14:24

I think it will need to hit $1900+ to get my 550p target.

NB. Without manipulation/supresssion I think Gold should be $2600+ at present.

[goldenshare888] 23/3/2018 14:22

Hopefully.... :))

[davidspringbank] 23/3/2018 14:18

Will gold breakout above 1377?

[davidspringbank] 23/3/2018 14:16

juju, The Yanks don't have any gold to back their paper - see stevea.

[rhuvaal2] 23/3/2018 14:02

No doubt there are many investors who have never experienced a proper market crash and, when it happens, virtually all stocks are dropped in value. Accordingly, I am much in cash waiting for tempting valuations. Having said that I am into a few PM
special situations stocks which might be difficult to trade.

[juju44] 23/3/2018 13:35

shouldn't take the yanks long to fix the metals

[edjge2] 23/3/2018 12:51

YEP amazing cheap, now 200 broken since gold 1300+. Sigh of relief. Yank action will tell.

[davidspringbank] 23/3/2018 11:34

Stevea, Dont worry, value always floats to the surface. The markets are not rational and always overshoot the mark. It's all about sentiment. The only safe place to be is in PM's and the Fed rate hikes are good for gold.

Good luck and best wishes.

[stevea171] 23/3/2018 11:05

David. Yes, that's all well and good. You think markets are rational? These days markets have become a casino. Logic goes straight out the window. A lot of 'investors' are attached to bubble markets and stocks.

An even more extreme is cryptos and their behaviour recently ie down 50%, up 60%, down 20%, etc all mainly on follow the herd or do what everyone else seems to be doing, on no significant news.

[davidspringbank] 23/3/2018 10:44

Stevea, Hoc is back to the Dec 16 low and PM miners are cheap compared to the expensive valuations in the bubble markets. PM miners are making lots of money at 1340 gold and are value for money.

Have a look at this: Fed rate hikes are good for gold: hxxp://igoldadvisor.com/category/videos-interviews/

[rhuvaal2] 23/3/2018 10:38

O/T stevea, Rhino greenhouses should do very well in the Hebrides, the climate being generally mild: I registered wind @ 124 mph one day when really big slates blew off more than 50 yards and a pile of new corrugated iron disappeared like waste paper, dangerous too. Anything like a caravan needs most secure tethering.

[serabi_mining_srb] 23/3/2018 09:30

Huge RNS from Serabi Mining SRB

15 million USD investment at the current Share Price, to a single investor. Very low valuation considering its level of gold output. Results this month, last November showed a huge jump in cash to over 9.7 million USD. Rerate now undeway, and stock in very short supply.

Up almost 30% already....

[stevea171] 23/3/2018 09:28

David. Well done with that purchase. However caution is advised.

It looks as though the US market is coming unhinged again and we could be seeing leg 2 down now after leg 1 in early February. If there's a rush to cash anything can be sold in the panic incl the large/mid cap PM miners that are already at or near 12 month plus lows.