Hochschild Mining Share Discussion Threads

[onedayrodders] 26/3/2018 15:40

DOW cant hold it's gap up of 400 points currently ...so marked up on no buying and now getting sellers

[onedayrodders] 26/3/2018 15:08

wtfdik !!!

;o)

[onedayrodders] 26/3/2018 13:34

"DOW to pop 400+ as row over trade tariffs shows sign of cooling"

So now we have Trump joining the FED jawboning the stock market.

PM's won't like a strong stock market today.

Now .. if the stock market still end red what a message that would be ... ie the falls have nothing to do with trade tariffs. After all trade tariffs were not about back in Feb when the markets were tanking 1000+ points in a day

[onedayrodders] 26/3/2018 13:30

OK DT .. you have laid your cards out on Bitcoin so fair enough.

Personally I say it will go through 6k and less than 1k never to rise above again.

[dt1010] 26/3/2018 13:03

Well do we seriously think a crash I coming imminently in the markets? I don't

Next 2 years, yes. But not yet.


So I am happy to continue holding here.

And adding.

As for crypto we may see $6k again for Bitcoin. But then we will see a huge bull run. I am happy to add to that on any dip.

There are no easy answers.

[onedayrodders] 26/3/2018 12:53

ok ... What does Nymex want to do today

[stevea171] 26/3/2018 12:08

Topicel. My strong feeling is gold will not go significantly lower from here but is heading for a break out incl $1400, then much higher. There are too many factors that have lined up against the $ and favoring gold. I think the cartel will be forced out of its heavy suppression and have to revert to trying to limit the rise, as last time around, but will fail even in that. I think we are right now at a tipping point.

Over the past month or two I have re-positioned myself along the lines mentioned in the previous post but admit that anything can happen and usually it takes longer than we expect or would like.

Today, right now, we are at the cusp. Exciting times ahead .... ?!!

S&P Futures Soar, Global Stocks Rebound As Trade War "Perfect Storm" Fears Fade

It seems that "Black Monday" has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, which has sent S&P futures up 1.4%.

[topicel] 26/3/2018 11:25

Lol. Like tankers can't turn quickly!

Thanks for your view, as ever. Like you, largely out of HOC but keen to keep some 'capital preservation' here again if we break, say, 220p soonish.

Topicel

[stevea171] 26/3/2018 11:06

Topicel. Yes, far too many false dawns over the last 6 or 7 years ....
The petro yuan will take a while to have much effect but in combination with the Trade war kicking off last week should not be positive for the dollar. US$ Index in early stages of a new decline? So we should see gold strengthen.

As starters we need to see what the US markets do today. Not the opening but the closing positions. Will the plunge from last week be held up?

Gold bulls think that, regardless, we are now off to the races.

In a new bull market for gold it's not the major miners like Barrick or Gold Corp or Yamana that will see the best gains. Nor even HOC or FRES. The big money will be made in the small cap miners and explorers where 10x, 20x, and more gains are likely coming.
HOC will be a good performer and for capital preservation but not one of the stars in the constellation of PM miners imo.

“In the bull market years a common criticism of large companies was 'elephants can't run'."

[onedayrodders] 26/3/2018 10:47

what should we watch out for DT ..come on be specific

[topicel] 26/3/2018 09:45

We shall see Stevea. The number of signal moments for oil/gold trading to have a sea-change are legion in recent times. Whatever happened to the trillion-dollar impact that saw gold as an investment under Sharia Law last year?

We have been down this road before. As NK, Debt Ceiling, NYMex, Comex, etc. etc. were but a blip in the dominance and control of US paper I will need convincing that PetroYuan will be any different.

All we really want is that move in gold above $1400 that Sprott looks for to see any still in HOC, and elsewhere, happy again. That is all it should take. We should all be buying back in, but will we?

Topicel

[ifthecapfits] 26/3/2018 09:34

should add - zero short positions.

[ifthecapfits] 26/3/2018 09:34

hxxps://shorttracker.co.uk/companies/

[stevea171] 26/3/2018 09:03

China's Oil Contract to Rival WTI and Brent Starts Trading
26 March 2018, 8:00 AM

(Bloomberg) -- China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.

The long-awaited yuan-denominated futures on the Shanghai International Energy Exchange traded at 427.90 yuan a barrel ($67.78) for September settlement at 2:13 p.m. local time, with about 18,540 lots changing hands. The contracts, which are open to foreign investors, end years of delays and setbacks since China’s first attempt to list the securities in 1993.

September contracts of the two major dollar-based oil benchmarks, Brent in London and West Texas Intermediate in New York, traded near $68.29 a barrel and $64, respectively.

[dt1010] 26/3/2018 08:37

Yes David, hold your tongue and watch.

[stevea171] 26/3/2018 08:27

PetroYuan Futures Open - Over 10 BillIon Notional Trades In First Hour

The “petroyuan” is now real and China will set out to challenge the “petrodollar” for dominance.

After all the preparation, all the expectation, cheerleading and doomsaying, China's Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour.

So far it has tracked WTI futures well, trading at around a $2 premium to WTI (when translated from yuan to USD)...

Additionally, well over 23,000 contracts have traded within the first hour for a notional trading volume of over 10 billion yuan - more than $1.5 billion notional... signaling significant demand.
Offshore Yuan is moving in sync with 'Petroyuan' futures - as WTI tends to track the USD.

But this isn’t just some slow, news day “fad” that will fizzle in a few days.
The petrodollar is backed by Treasuries, so it can help fuel U.S. deficit spending. Take that away, and the U.S. is in trouble.

It looks like that time has come…

[onedayrodders] 26/3/2018 08:20

Charles ..there's an argument the Crypto gang have been being educated since 20,000 BITCOIN.

Elsewhere Gold hitting the $1350 concrete ceiling again I see.

I think Gold needs a stock market crash to break through, PM's firmed when the DOW was tanking on Friday.

[charles clore] 26/3/2018 02:46

David - watch this space and be educated

[davidspringbank] 26/3/2018 01:23

The Crypto boyz are in for a rude awakening, it's in a downtrend and is heading south as I speak, much like the general markets.

[lauders] 25/3/2018 06:48

FWIW:

For gold investors patiently awaiting a gold rally, Doug Casey’s right-hand man says the time has come.



Caution - A Kitco related video so bound to be some bias.

[dt1010] 24/3/2018 19:07

Could come at any time OneDay

Buy Bitcoin. It'll be $100k by the of the year.

Currently just under $9k

[onedayrodders] 24/3/2018 18:38

The DOW Jones is now lower than the February correction the bubble lovers on CNBC at the time were all lining up to call a massive buying opportunity.

Take a look at the 1 year DOW chart... looks pretty ominous to me.

Having been through several crashes I've seen the tentacles of that drag everything down.

Might not happen but not chancing it hence gone cash to sit out and watch near term.

ODR

[dt1010] 24/3/2018 17:42

Thanks. This granny now knows how to suck eggs.