Hochschild Mining Share Discussion Threads

[hectorp] 09/12/2016 18:05

PM's have to be forced lower in case half of Europe read the news about Monte del Pacshi.
If I were an Italiano, I'd do all I could to be getting my cash into PM's by now, and certainly reducing my cash balances to say 3000 Euros.

[pixi] 09/12/2016 16:09

Christmas shopping come early. HGM at 126 and HOC at 229 - the springs are creaking on my truck!

[goldenshare888] 09/12/2016 15:59

Obviously the place for our money is Banks, preferably insolvent ones!!

LOL

Turkeys/chickens will come home to roost very soon.........

:)

[charles clore] 09/12/2016 15:39

When their focus is entirely on keeping gold and silver down and everything else is dead - then perhaps we will see our biggest victory.

[stevea171] 09/12/2016 15:36

Topicel. Some variations allowed in the CB's play book. Can't always be exactly the same to allow for some surprise element?
Only constant seems to be to hit the PM's ahead of PM favorable news.

Mass Migration and Bank Weakness Threaten The Italian Economy
Posted on December 9, 2016

The prospect of collapse grows…

[topicel] 09/12/2016 15:21

Stevea, what surprises me most is that this news has come out ahead of the close for the weekend. Almost by design. The presenter on Doomberg asked why exactly could they not agree to a further three weeks extension to solve this funding problem?

Which makes me think this is a deliberate cutting of the cord for the so-called oldest bank in the world. They are not going to let it cause any more problems or they want it to do exactly that!

All very suspicious as I say. This kind of thing is kept out of the press before the close of European bourses so this is a leak that has been encouraged IMHO.

PMS are being hit ahead of any fallout so as to keep them range bound I guess too. When will be rid of these accursed villains?!

Topicel

[stevea171] 09/12/2016 15:11

Lauders. The cartel taking pre-emptive action with the PM's today trying to get them lower ahead of the w/e.
At the w/e the Italian government makes an announcement about BMPS (bail out)?
Monday markets react incl PM's take off but from a lower base as usual because of today's action of the Central Banks.
Rinse/repeat ad infinitum .....

[lauders] 09/12/2016 15:05

The precious metals haven't reacted much so far! Might need the weekend and some press to sink in?

[stevea171] 09/12/2016 14:53

Monte Paschi Stock, Bonds Collapse After ECB Rejection

Having soared ridiculously (25% off Tuesday lows) following its dip after the Italy referendum 'no' vote, ailing Italian lender Monte dei Paschi di Siena has seen its stocks and bonds eviscerated in today's trading as reality dawns that the fecal matter in Italy is about to strike the rotating object. ECB's rejection of Paschi's request for more time has sparked wholesale selling across the Italian banking system.

[goldenshare888] 09/12/2016 14:33

:))

Our time is coming.............!!

:)))

[pixi] 09/12/2016 14:15

Quietly loading up.

[lauders] 09/12/2016 13:36

Nice little tick-up. Long may it continue!

[topicel] 09/12/2016 11:55

Well I have similar thoughts about Fres Stevea171, it moves slower to PM price machinations normally than things like HOC but in this instance has been hit downwards even bigger since Trump euphoria took hold.

The whipsaw effect is likely to be greater this time if we see it in action, so a good time to buy IMHO. Not much more downside around those levels...

Topicel

[stevea171] 09/12/2016 11:26

ODR. Yes, Silver leading gold in this new upswing as can be seen in the 60 day charts above and as is to be expected.

[onedayrodders] 09/12/2016 10:28

Silver seems to want to creep up of late

:O)

[stevea171] 09/12/2016 10:28

Hi Ext. As you say BMPS and the rest of the Italian Banking system are not isolated but if they go down will be an hors d'oeuvre before the main meal of Deutsche Bank finally going off the cliff .....
Kick the can down the road approach can't continue much longer!

FRES (silver/gold) bouncing off the bottom. Back over 1200p this morning but can rocket when it gets fully into the higher gears. See what happened in late June/early July: 1200 - 2000p in just 9 days. Ftse100. I have bought some for the ride back to £20.

[hectorp] 08/12/2016 19:52

more banks inplicated in silver market price fixing: the roaches are hugging the skirting boards. Could Brussels/EU take some sort of action? Its time the EU were disassociated with the goings on in NY.

[extrader] 08/12/2016 18:13

Hi stevea171,

The problem with bailing in MPS in Italy (apart from the atypically high level of bondholders who'd be stuffed) is that the Italians would then turn around and demand that the same treatment should be adopted when it's Deutsche's turn to be rescued.....

ATB

[jimbowen30] 08/12/2016 17:48

Chaps

I've started reading the Gold Cartel by Dimitri Speck and would recommend it to all. He shows the gold manipulation started in 1993 and is still going on today. Million dollar question is how long can it go on?

[chipperfrd] 08/12/2016 17:30

Topicel,

Controlling the LBMA fix for gold and silver has set PM prices globally for 100 years.

What goes on at the Comex has the same actors, just different methods to achieve common aims.
Chip