Hochschild Mining Share Discussion Threads

[hectorp] 08/11/2016 09:26

Look again! jacknifed upwards. Taking out some longs , then moving back up

- perhaps the FBI effect has at last played through the silver price.

[lauders] 08/11/2016 09:01

Silver strong and HOC weak again. More dumping by Vanguard? Will be nice when they decide to stop. Hope you are correct about 500p GS888 but seems a LONG way off at the moment.

[goldenshare888] 08/11/2016 08:13

250p area looks like end of FLAG formation to me!

If it gets there today I may have a very large top-up!

Hovering over the BUY button...........

:)))

[goldenshare888] 08/11/2016 07:20

Exactly...

$1400 - $1500 by year end would do!

:)))

500p?

[february 30th] 07/11/2016 21:10

If Americans don't want it, someone else will. It's not like Mexico-based miners are making smart phones or cars, where a particular market is needed.

[dilbert dogbreadth] 07/11/2016 21:01

Why will fres suffer? Won't the yanks want their silver if trump is in?

[pixi] 07/11/2016 18:46

marcus - Re: 7985

Donald Trump has said he will hit Mexico hard so any miner like Fres who is producing in the country is likely to suffer. He is likely to stop spending money outside of the USA and spend it at home instead. HOC is where you need to be.

[pixi] 07/11/2016 15:34

Tomorrow afternoon! Lol

I doubled my core holding when silver spiked down to 18.00 and bought another 20,000 at 260. It should show up EOD.

HSBC says that the policy proposals from the two U.S. presidential candidates have “significantly different implications for gold and other assets.” If Clinton wins, the research group sees gold at $1,400 an ounce by year-end and around $1,440 an ounce in 2017. A Trump win, however, would be “decidedly gold-bullish,” the group writes. HSBC believes Trump could send gold prices to $1,500 relatively quick. Echoing these thoughts is a forecast from Citigroup which states that gold may rally to $1,400 an ounce if Trump wins the election.



Hec - Re: 7980

"The December contract is definitely under selling pressure. If you own a Dec silver then you have to sell it before the end of the month. And obviously if you are opening a new position, you have little reason to buy December. Your broker will likely recommend March at this point.

Silver is much more affected than gold.If there was a massive naked short position in the futures market, then the banks would be forced to buy back the expiring contract with urgency (not being able to deliver metal, they would have to close their positions before First Notice Day).

Massive buying of an expiring contract would cause the basis to rise. However, that is not what we see as contracts approach expiration. We see a falling basis.

It is the longs who must close their position—i.e. sell—before First Notice Day. They’re speculation, and don’t have the cash to stand for delivery. The banks are arbitragers, buying metal and selling a contract to pocket a small profit."
KW

[goldenshare888] 07/11/2016 14:05

Oh crystal ball,when to buy more here?

Today,tomorrow morning or post election?

[hectorp] 07/11/2016 13:16

I do hope much of what you said there is the case, Pixi.
thank you
H

[pixi] 07/11/2016 11:20

It would be a mistake to write this latest FBI news off as an automatic Clinton win - maybe that's the outcome the political establishment and their bought-and-paid-for-media would like, but they underestimate the American people. The same thing happened here with the BBC trumpeting the winning Remain polls all across the world, but the outcome was reversed by the real voters on election day. The financial markets were caught with their pants down when the result was announced and panic set in. The same thing could happen here. One thing the political establishment and the polling companies have learned here is you cannot rely on polls to be accurate. The real voters have rightly made fools of the lot of them every time.

The outcome of the American election will be determined, like the Brexit vote was here, by the reaction of ordinary people to mass immigration forced on them from above by the political establishment. The Americans also tend to vote with their wallets so they will know that the financial markets have been falling: the bond markets followed by the stock markets.

[gaaston] 07/11/2016 10:32

The world is full of surprises: it always has been, and for those that can remember Harold MacMillan "Events, dear boy"

[goldenshare888] 07/11/2016 10:20

Not necessarily juju, remember BREXIT!

EVERY POLL SAID IT WOULD NOT HAPPEN! :))

Expect the unexpected and MUCH higher GOLD ahead!

:))

[juju44] 07/11/2016 09:05

With the rout in PM's underway thanks to the spiked FBI , this pennant should break to the downside and price here will smash

[celeritas] 07/11/2016 08:53

How many emails, must have some very quick readers to go through that lot.
Hilary was nailed on anyway, I cant believe those in high places would have it any other way.

[hectorp] 07/11/2016 08:48

knockdown last night after the shocking! turn around by the FBI. Guarantees Clinton win? maybe..

[goldenshare888] 07/11/2016 08:44

FLAG completing here ?!

:))

500p?

[dt1010] 05/11/2016 18:29

Trump will win, I sincerely believe it.

Get VGuard cleared here and we'll be all set for run to 500p during a steep climb for silver in the next 4-5 months.

All stocks are selling off at the prospect of a trump win quite obviously.

Should the evil wench win and of course markets will rally hard.

Should he win...tin hats...buy GOLD.

[hectorp] 05/11/2016 09:47

There has certainly been a considerable upswing since the Chinese SGE holiday week chip. Its a pity that it is not as fast as the knockdown days. It never is.

" something needs to happen" I agree, but it always seems to be a lowering of prices during quiet hours.. one day it will not be..
Perhaps ) Maxi above ) a short hedge silver could be useful eg from tomorrow night, for those who own silver metal :-)
H

[maximoney1] 04/11/2016 19:01

In light of the comex contracts as indicated by Chip, it would make sense for 'them' to utilise the volatility of election day to drop the PM prices, in order to close out a very high percentage of contracts(in theory, it might be the last opportunity at these levels, as risk of unknown is higher this time). Now that the PM's are currently (conveniently) in the midpoint of triangulation patterns, there would be 'room' to drop $gold to $1259 & $silver to $17.50 and still stay within trend. If there is a Clinton win, then business as usual might signal a momentum push down through the trend support and a termination of the current bull phase. On the other hand, a Trump win, is a step into the unknown and a subsequent boost to PM's taking them back up, maybe even testing some overhead resistances. With all the hype, i do expect it to be a very 'brexit' type day and either way, that plays nicely into the hands of comex, allowing them to do the necessary, during this volatility. Just a theory, but i think the nimble traders amongst you stand to make an absolute packet on the day...alas, its not me...too fast paced for my nerves...lol.

[hectorp] 04/11/2016 17:07

US silver miners are down quite strongly yet silver is not red.
Fres yes a fair bit, many down around 3% .

[marcusm1000] 04/11/2016 16:43

I I know what your saying Pixi, i have been day trading recently to try and get some losses back, didn`t work out for me Today!!

Have you any idea why Fres dropped so much today?

[hectorp] 04/11/2016 16:36

pixi you did have a short position on the GBP/USD - it was HOC shares, and or Silver or gold.
You had made 17% gain on paper, for a couple of days devaluation of the pound , and so have most of us. ( Up a bit yesterday of course).

[pixi] 04/11/2016 16:19

marcus, ignore what is going on in day to day trading and look to the long term when Fres doubles in price from here.