Hochschild Mining Share Discussion Threads

[11_percent] 04/4/2018 22:49

More rubbish from a Gold Bug, or in this case a Silver Bug.

There is an inverse relationship between silver and Bitcoin...LOL.

[banj] 04/4/2018 22:20

(Kitco News) - Bitcoin is likely to mean-revert towards January 2017 levels of around $900, paving the way for precious metals like silver to prosper, according to research from Bloomberg Intelligence.
In a recent webinar, Mike McGlone, senior analyst at BI said that he remains bullish on blockchain technology, but the digital currency market appears to be overvalued. He added that the speculator frenzy around bitcoin is not reflective of the coin’s original purpose as a peer-to-peer electronic cash system, which has now become a “conduit to other cryptos.”
“The space is not what it’s designed to be, at least not right now,” McGlone said in the webinar. “A peer-to-peer (P2P) electronic cash system is exactly what it’s supposed to be, and it’s really transmogrified and a bit more of a speculative, frenzied way to get to other cryptocurrencies.”
McGlone noted that the entire crypto market is plagued by oversupply, with the 12-month rate of change of cryptocurrencies outstanding currently at over 8,000%, while on the demand front, the number of unique addresses for bitcoin has dropped at the greatest pace since inception in 2009.
“The only way to reduce [excess supply] is prices,” he said, citing the emergence of forks and “copycats” as a main reason for bitcoin’s increasing supply.

Bitcoin’s price is likely to “gravity pull” towards $900, which is the mean price since bitcoin sustained above $1 in 2011, the senior analyst at Bloomberg Intelligence said.
The largest digital currency last traded at $6,794, down 65% from all-time highs in December, 2017. $900 would represent a further 87% decline from current levels.
Silver and bitcoin have historically held an inverse relationship, as risk-seeking retail investors flocked to the largest cryptocurrency when it rallied and took money out silver, which is often called leveraged gold.
“The most recent parabolic cryptocurrency stretch (2012-14) coincided with the opposite in silver as the metal plunged from a three-decade high in 2011,” McGlone said in a recent report.
Silver has been trading range-bound, but is set to test the $18 an ounce resistance level, said McGlone.
“Silver's 52-week range is the most compressed in 15 years and appears unsustainable,” he said in a recent report by Bloomberg Intelligence. “Silver's extreme compression projects a revisit of 2016's high. Sustaining below the December low would indicate failure.”
The report added that silver is poised to break out higher, following traditional drivers such as the Bloomberg Industrial Metals Spot Subindex, which gained 20% since November, and gold, which is up 6% for the period.
“Similar velocity changes in these key drivers equate to about a 30% 12-month rate of change for silver,” the report said.

[banj] 04/4/2018 22:15

Look away DT!



(Kitco News) - Bitcoin is likely to mean-revert towards January 2017 levels of around $900, paving the way for precious metals like silver to prosper, according to research from Bloomberg Intelligence.
In a recent webinar, Mike McGlone, senior analyst at BI said that he remains bullish on blockchain technology, but the digital currency market appears to be overvalued. He added that the speculator frenzy around bitcoin is not reflective of the coin’s original purpose as a peer-to-peer electronic cash system, which has now become a “conduit to other cryptos.”
“The space is not what it’s designed to be, at least not right now,” McGlone said in the webinar. “A peer-to-peer (P2P) electronic cash system is exactly what it’s supposed to be, and it’s really transmogrified and a bit more of a speculative, frenzied way to get to other cryptocurrencies.”
McGlone noted that the entire crypto market is plagued by oversupply, with the 12-month rate of change of cryptocurrencies outstanding currently at over 8,000%, while on the demand front, the number of unique addresses for bitcoin has dropped at the greatest pace since inception in 2009.
“The only way to reduce [excess supply] is prices,” he said, citing the emergence of forks and “copycats” as a main reason for bitcoin’s increasing supply.

Bitcoin’s price is likely to “gravity pull” towards $900, which is the mean price since bitcoin sustained above $1 in 2011, the senior analyst at Bloomberg Intelligence said.
The largest digital currency last traded at $6,794, down 65% from all-time highs in December, 2017. $900 would represent a further 87% decline from current levels.
Silver and bitcoin have historically held an inverse relationship, as risk-seeking retail investors flocked to the largest cryptocurrency when it rallied and took money out silver, which is often called leveraged gold.
“The most recent parabolic cryptocurrency stretch (2012-14) coincided with the opposite in silver as the metal plunged from a three-decade high in 2011,” McGlone said in a recent report.
Silver has been trading range-bound, but is set to test the $18 an ounce resistance level, said McGlone.
“Silver's 52-week range is the most compressed in 15 years and appears unsustainable,” he said in a recent report by Bloomberg Intelligence. “Silver's extreme compression projects a revisit of 2016's high. Sustaining below the December low would indicate failure.”
The report added that silver is poised to break out higher, following traditional drivers such as the Bloomberg Industrial Metals Spot Subindex, which gained 20% since November, and gold, which is up 6% for the period.
“Similar velocity changes in these key drivers equate to about a 30% 12-month rate of change for silver,” the report said.

[dt1010] 04/4/2018 13:40

Nice:

Rich vein
The share price action of precious metals miners can be volatile, often being an exaggerated version of the prices of the metals themselves. Miners can’t do much about metals prices but can focus on maintaining a strong balance sheet, prudently building their asset base and operational efficiency.

For these reasons, silver miner Hochschild (LSE: HOC) is a company I’ve long admired. And with its share price at sub-200p, compared with a 52-week high of over 330p, I believe now could be a great time to invest in this business.

Record production in 2017 produced a solid rather than exhilarating bottom-line outcome, but EPS growth is set to accelerate rapidly over the next couple of years. City analysts are forecasting $0.11 (7.9p at current exchange rates) this year, followed by $0.17 (12.2p) next year. This gives a P/E of 25, falling to 16, and a price-to-earnings growth (PEG) ratio of 0.3, which is well to the value side of the PEG fair value marker of one. With dividends also set to pick up, giving a prospective yield of 1.2%, rising to 1.6% next year, I see a lot to like about Hochschild at the current share price.

[dt1010] 04/4/2018 09:44

Hoc will be fine even if it goes lower.
Just accumulate monthly to average down.
They will clear their debts and become a huge cash generator. The dividends will start to kick in nicely. (Free shares)

[edjge2] 04/4/2018 08:00

juju44 thanks mate will watch out in future another converted gapper, my ARS is blowing up. DT war will erupt but not necessarilly where we all expect. Suppose hoc will eventually, I'll just add on the dips, anything considerably below 200p.

[dt1010] 03/4/2018 17:03

War will come

Inevitable distraction from the impending bankruptcy of the US (and the west in general).

When? Who knows.

[edjge2] 03/4/2018 07:54

just used your gap strategy juju44 in ARS so far so good.
Yep you are likely correct.

[juju44] 02/4/2018 12:35

Gone long silver . Trade war has to be good news

[stevea171] 02/4/2018 11:19

End of month and end of Q1 predictable smash in the PM's by the BIS and friends now over. No technical damage was achieved as the underlying support is strong.
Gold and silver start the bounce back today.
Jim Rogers is saying gold could go sub $1000 so he is waiting to buy. I don't think so.

Gold is at $1331 today and doesn't need much of a move to take out the 2 year high of around $1367.

[juju44] 01/4/2018 15:03

another nut case

[stevea171] 01/4/2018 11:42

Kinesis Debit Card

The Kinesis suite of currencies have been designed for use in the real world, by everyday people. We believe the Kinesis suite of currencies will become a common global medium of exchange. For this to occur, there must be an easy and efficient way to utilise the currency. The Kinesis Debit Card will enable those who hold Kinesis to spend this precious metal backed currency with ease.

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[stevea171] 01/4/2018 11:08

Just catching up. This Greg Hunter's USA Watchdog interview with Tom Coughlin and Andrew Maguire is dynamite, well worth listening to:



Tom Coughlin is someone we haven't heard from for awhile. Some here may remember he is the Australian who spent 5 years setting up the game changing on-line physical PM exchange, Allocated Bullion Exchange (ABX) with storage at about 8 or 9 locations around the world outside the control of the bullion banks. After much fanfare this finally went live 2 years ago in 2016 with Andrew Maguire supporting the project long before launch and acting as one of its brokers.

Kinesis. Tom Coughlin is now CEO of a new project, Kinesis (as well as CEO of ABX) that will be rolling out a gold backed currency this October.

What is Kinesis? Kinetically Charged, Yield Bearing, Asset Based Monetary System of Shared Economic Wealth.

The Kinesis system is an evolutionary and revolutionary step beyond any current monetary system available in the world today.
It enhances money as both a store of value and a medium of exchange, and has been developed for the benefit of all. It's a monetary system which is focused on minimising risk; maximising return; stimulating velocity. Kinesis is designed to intrinsically promote a rapid rate of adoption.

Also, significantly, Kinesis is offering a product that will be part of the blockchain which will allow trading in currency pairs incl long physical gold/short paper gold which is attractive to many parties. Coughlin says he knows of institutions wanting to throw billions of dollars into this because they see the opportunity and they are betting on a market failure.



Andrew Maguire: The jig's up for the dollar and US hegemony, there's going to be a gold price reset, you are going to have Central banks supporting Kinesis, although not initially in the West, it's a natural evolution for money. Kinesis is the future of money.

"I know of two investor groups that are buying physical gold because they know there is going to be a physical price reset.”

[rhuvaal2] 31/3/2018 10:12

Also another, both from AAU thread:

Courtesy Vanunu
How significant is this?
Gold Backed Dollar coming??

Bill introduced in House on 3/22/2018

Set the stage….

H.R.5404 - To define the dollar as a fixed weight of gold.

[rhuvaal2] 31/3/2018 10:01

Another's take on the oil-yuan-gold situation:

"Alasdair Macleod article on The yuan-oil future and gold. Still a few months to go before physical oil is involved in September. "The Chinese are likely to ensure trading liquidity continues to build in its new oil contracts before its oil suppliers routinely use them against physical oil deliveries. Presumably, this is one reason the first delivery date is in September, while actual shipment is never more than a month or so."......
....."Some nations will be content to build their yuan reserves, or maybe sell some of them for other currencies, including the dollar. But others, particularly Russia, Iran, and possibly Qatar can be expected to increase their physical gold holdings by selling some of their yuan.

The introduction of the oil-for-yuan futures contract gives these nations the opportunity to match a sale of oil for yuan with a matching purchase of gold for yuan on two exchanges, Hong Kong and Dubai. Officially, the Chinese government has stood to one side with respect to this issue, but Hong Kong’s gold exchange is in talks with Singapore, Dubai and Myanmar to establish an enhanced gold dealing, delivery and storage facility, with vaulting storage in the Qianhai free trade zone on the Chinese mainland. Agreement from the Chinese government can be assumed to have been a precondition for these talks to have proceeded, even though it is a private sector matter, because it involves gold, gold markets, vaulting on the mainland and foreign regulators. It is anticipated that the vaulting facility will be available in two or three months’ time, well before the first delivery date for the oil contract.iii

Therefore, there can be little doubt that the gold exchanges in the region are of the opinion that the new oil future will lead to demand for deliverable futures contracts out of Hong Kong and Dubai. This will represent a new source of physical demand, for which not only the East Asian exchanges are preparing, but for which bullion banks around the world must begin to accommodate."..........

[dt1010] 29/3/2018 20:41

I still keep buying for my kids
This is going to stay I their ISAs for the next 15 years. They will make a lot of money. They have the long term. That is the only reason to hold this. A fantastic company with brilliant assets and management currently trading in an unwanted sector. That will change. And when it does we will all look back on 200p and laugh.

[onedayrodders] 29/3/2018 16:02

what a strange beast this HOC share price is

[davidspringbank] 29/3/2018 14:33

Rodders, I hope so because I am shopping for more silver to add to my stash.

[dogwalker] 29/3/2018 13:35

Yes, or maybe just $16.15 to start with anyway.

[onedayrodders] 29/3/2018 10:47

we look close enough for Nymex to give us $15 handle today on Silver

[onedayrodders] 29/3/2018 10:08

well done david .. nice move

[davidspringbank] 29/3/2018 09:43

DT

I predicted sub 200 months ago on here. I cannot be bothered going through all the posts to find it. Anyway, award yourself a gold star!

Pm's were sunk by the stronger dollar yesterday.

[topicel] 29/3/2018 09:03

Same old, but as we generally all have sympathy for the views expressed by Maguire and USAWatchdog (if not the accuracy in forecasting events!) let us assume that this time Kinesis or whatever it is will be the tipping point for PMs.

I really can't see them going much lower as the inflation aspect alone using 'official' figures says it has to be 1300/16.50 au/ag and, recent history tells us Q2 is usually strong for the goldies.

Indeed, HOC has risen well April-June normally...

Try, try, try again. Born in tears and die in pain, and all that.

Topicel