Hochschild Mining Share Discussion Threads

[hectorp] 18/10/2016 13:11

What a difference a day can make. Good rally in HOC too.
Don't expect a drop today SG..

I've gone long GOLD 24 hour time scale, so we will see.

[maximoney1] 18/10/2016 13:07

Inflation edjge2....comments being floated now, folk need time to get used to the idea ;-)

[maximoney1] 18/10/2016 13:01

Agree pixi 7667, and so long as this new PM bull (from Jan) does not get busted, then whether you get in at £2.50 or £ 2.17 will become an irrelevance as it becomes multiples of current pricing. This implies that this is the first leg up, and is simply a wave 1 impulse higher....but(big BUT), this is entirely dependant on the continuation of this new Bull rise. At present, it is still being decided by the markets.

ps, spikes down, dont always follow fundamentals. ;-) A wee buy order out the market might just get filled.

[edjge2] 18/10/2016 12:58

Suppose they'll try another waterfall when markets vulnerable but will be difficult once head of steam up.
Inflation inevitable with devaluation here and other exporting currencies to us rising. Don't make much here do we? Increased interest rates anyone?
Dollar will fly once war and other instabilities hit later. Russia/china alliance v states? Guess PMs might go a bit too. Going to mess up christmas.

[juju44] 18/10/2016 12:23

So what time does the yank crimm machine smash PM's down ?

[simonthe1st] 18/10/2016 12:22

More like 10%.

[muffster] 18/10/2016 12:17

Also UK inflation up to 1%, from 0.6%

[simonthe1st] 18/10/2016 11:59

Gold up 0.5%

Silver up 1%

HOC up 6%

[edjge2] 18/10/2016 11:57

Got a load at 250 odd, have some wallop reserved. Weiss suggesting further decline but not so sure myself. Nice jump up today as train shows sign of starting.

[pixi] 18/10/2016 11:00

Sometimes you have to be ruthless and bite the bullet. I've just done a lot of research which leads me to believe that silver will perform better than gold. I don't think there's any chance of this going down to 217p so I've bought a load more. This is now my biggest holding which complements my holding in the Way Charteris Precious Metals fund, which also favours silver over gold.

Good luck everyone.

[charles clore] 18/10/2016 09:56

Maxi - I would welcome a retrace to 217p. Yes please! My goodness these are a bargain at twice the price imho.

[onedayrodders] 18/10/2016 09:45

Nice period of consolidation coming to a close perhaps ...

Similar to the consolidation in May the share price could double again over the next 4-5 months

[topicel] 18/10/2016 09:19

Lol Golden, we've got to get back to 300p first, and then your 400p this year... ;)

I'm hopeful for the first part as markets have seemingly been alerted that November Fed rise is just not going to happen and they are switching their bets back to PMs. But I still imagine December - unless the unthinkable Trump victory occurs - is live and will go ahead so it is unlikely to help PMs then.

My gut worry is inflation. It seems nailed on for 2017 and TPTB would love it as it reduces the debt mountain concern going forward percentage wise and, as a consequence, interest rates go up as a counter balance and gold and silver rarely enjoy that environment.

Hopefully someone will adjust that analysis and show gold and silver rising with interest rates!

Topicel

[goldenshare888] 18/10/2016 08:39

Looks like my feeling of 250p support area holding true!

When we get to $25+ SILVER & $1500+ GOLD I can see my target area of 700p being achieved.

Hopefully late 2016/early 2017!

:))

[dt1010] 18/10/2016 06:21

Oversold RSI on silver! I think it has found a bottom, maybe, perhaps IMO etc...

[maximoney1] 18/10/2016 02:56

Gold & silver breaking out higher, should provide some upside relief here.....but something to be aware of in case it reverses....

Just a quick chart, without disrupting the thread at this time in the morning....

There is a triple 'magnet' at £2.17 (Downtrend support, uptrend support and 38%fib correction support)... culminating on 24th Oct. I have no reason to think that price will go there and other options(more likely) are shown on chart. However, it is as well to be aware, that technically, even a fall to £2.17, Hoc would still be in a Bull uptrend. Peeps might have to endure more tedium for several weeks, but Hoc has remained comparitively resilient throughout the correction. It would be a shame to be shaken out on a spike down though, but as always, no advice given, each must do there own research.

[lauders] 18/10/2016 01:44

Topicel 17 Oct '16 - 17:09 - 7640 of 7659 0 0

So what do you reckon to the support strength at £2.50 SG?

It actually crept below the first time in September as a close but presumably that doesn't matter too much and the area is solid? I take it from your post to Lauders you think this downtrend is not being averted yet?

Topicel

Wish my opinion would be worth anything Topicel, but no expert and so far my buys at between 260-320p have all proved I don't know anything! Should have listened to SG who I admit has got it right so far. Although we don't necessarily agree with each other's posting style credit is due where credit is earned! In answer to your question - IMO the weakness may continue for a while. I am not sure how much further down we will go but until silver and gold, for whatever reason, start to head north again HOC will also be treading water. I agree with the "extraordinary" comment yesterday for the reasons stated. Seems surprising that HOC are still at these levels with so much going for them? Could there be a large seller for whatever reason in the background? Often quoted as the cause of persistent unexpected direction in a share price. I know some may say it is not "unexpected".

PS - I joined the "club" - SimonThe1st17 Oct '16 - 22:05 - 7658 of 7659 0 1 (Filtered)

[chipperfrd] 17/10/2016 22:06

Thanks 'crosseyed', it's appreciated. Off on my travels at 05.30 tomorrow so no time now unfortunately.

[simonthe1st] 17/10/2016 22:05

gaaston 17 Oct '16 - 19:54 - 7655:
"SG ~ at least all of your posts are original, different and with intelligence..."

Careful - you'll make him giggle.

Edit: Apologies. I forgot. You are him.

[potts650] 17/10/2016 19:59

Can I point out I am Spartacus

[crosseyed] 17/10/2016 19:58

chip,

for those tables estimating hedge commitments.

October estimate is now incorrect since I used Au/Ag price estimates base on prices on 6 October 2016. I have no idea which way prices will go so Nov and Dec estimates will also likely wrong. However, figures up to Q3 match very closely with HOC-published results.

c

[gaaston] 17/10/2016 19:54

SG ~ at least all of your posts are original, different and with intelligence.... Poor Simon still carrying on but we don't have to read him now or forever. If only stevea171 was still here he could send in the military police and dismiss any of us, at any time.

[simonthe1st] 17/10/2016 18:55

I thought as much.

[saturdaygirl] 17/10/2016 18:54

Simon you`ve rumbled us , its the whole thread ,

Now give it a rest mate .. you are looking very silly !