Hochschild Mining Share Discussion Threads

[edjge2] 12/12/2016 13:29

DT think I aggree. Gold/silver sentiment smashed, sub 1000-750, market are gonna have early post celebration DTs
Garry expecting a final dive and turn, his bond market video mentions near end.

Dramatic JNUG volume increase. That would go below $5 if above true.

[dt1010] 12/12/2016 11:20

Bankers are all the same

[chipperfrd] 12/12/2016 11:19

It's bad enough that the LBMA silver and gold price fix's were manipulated for many years, but even worse is the ongoing rigging of prices through the corrupted Comex PM futures market. But that is far harder to prove. And, in any case, with government agencies as clients, such practices are above the law!
Chip

[charles clore] 12/12/2016 11:08

Makes you hopping mad doesn't it. They take the bread from our families mouths and bank themselves huge bonuses for their criminality - and do it in plain sight. It's about time these practices were stopped and individuals and their employers are punished.

[stevea171] 12/12/2016 11:01

Silver price manipulation. So far Deutsche Bank has received a slap on the wrist fine, the others nothing at all and no one is in jail ..... This is Europe. Nothing at all for US prosecutions. Nada!!

On April 1, 2011, a UBS trader commented on plans to manipulate silver transactions with Deutsche Bank, according to the court filing. “If we are correct and do it together, we screw other people hard,” the trader wrote.

On June 8, 2011, a UBS trader wrote about the need to recruit others to their network of silver riggers, according to the new court documents.
“Im gonna sell a lil more we need to grow our mafia a lil get a third position involved,” the UBS trader wrote.
A Deutsche Bank trader responded, “OK calling barx” (Barclays; a bank representative declined to comment).

[daybreakers] 12/12/2016 10:53

There's also POLY, RRS, ACA, CEY.

[shakeypremis] 12/12/2016 10:33

RE the price fixing, this is significant as it's being reported in the mainstream. It looks like a small number of people are going to be thrown under the bus as always, with the real culprits getting away scot free.

[dt1010] 12/12/2016 10:27

Have bought Fres today, bottoming out at 1150 me thinks

[charles clore] 12/12/2016 10:25

Off topic - anyone interested in an undervalued copper explorer should look at ARS

[odsjp] 12/12/2016 10:20

From Bloomberg today

[breaktwister] 12/12/2016 10:17

HOC and FRES of course, and a few gold miners of different sizes. Have a small stake in WTI (copper) just in case trump is actually able to get america building.

[lauders] 12/12/2016 09:58

Most of us probably agree with those sentiments here breaktwister. What other stocks feature among your select ones if you don't mind me asking? All PM related or other commodities like iron, copper etc...? HOC, FRES, GLEN, AAL, FXPO, ANTO, KAZ are ones that come to mind.

EDIT - VED too!

[breaktwister] 12/12/2016 09:48

As Buffett says, as a net buyer you want the price to stay low. I have no concerns of PMs dropping in the short term as I load up. The global economic environment is a mess right now compounded by the elites still scrambling for a plan to deal with Trump. US stocks are insanely valued and as we all know the bigger the bubble the bigger the pop and rush to PMs.

[breaktwister] 12/12/2016 09:43

Of course ;)

[lauders] 12/12/2016 09:40

I hope HOC is among those "select stocks" breaktwister? As you are posting here I am sure they are ;-)

[breaktwister] 12/12/2016 09:33

My plan is to buy buy buy gold and silver over the next 6 months, physical and select stocks. BTFD.

[topicel] 12/12/2016 09:21

Banj, I missed your earlier observations about volume. Could you briefly expand old boy?

You are suggesting we need volume to increase in HOC to get the real reaction north? And presumably, not having level 2, we are getting it today?

Topicel

[lauders] 12/12/2016 09:21

There is strength when we compare to FRES which is very interesting too Topicel. FRES has to be a good buy soon surely?

[banj] 12/12/2016 09:21

Someone was hovering up with +3m traded last week ;)

[banj] 12/12/2016 09:19

I say it again esp.for juju, Volume traded!!;)

[stevea171] 12/12/2016 08:38

Egon von Greyerz: The risk/reward situation for silver changed at the beginning of 2016. Silver has now reached a point where relative to gold it represents excellent value. What is particularly interesting is that silver is now in a position to move twice as fast as gold.

The Gold /Silver ratio chart below shows how it has peaked 4 times in the last 20 years at or slightly above the 80 level (gold price = 80x silver price). The last time this happened was in February 2016. Since then the ratio has fallen to 68 but this is just the beginning. It is likely that before a major correction of the ratio, it could move down to 30, which we saw in 2011 when the silver price reached $50.



The ratio can move extremely fast. In September 2010, it was at 68/1 and in April 2011 it had reached 30/1. Once the current move down in the ratio accelerates, it could reach 30/1 very quickly. Longer term the ratio is likely to reach 15/1, which is an important historical level, or it could even overshoot to 10/1.

If gold reaches $10,000, which I believe is a minimum without hyperinflation, that would give a silver price of $665 to $1,000. These are clearly levels that sound totally unrealistic with silver currently at $17, but are likely to be achieved within 5 years or so.

What makes silver particularly interesting is its scarcity. Around 170,000 tons of gold have been produced in history and virtually all of this quantity is still around in one form or another. This is not the case with silver. There are no significant silver stocks anywhere in the world. Almost 60% of the silver produced is consumed, the rest goes to silverware, jewelry and investment. Central banks hold no silver stocks. The annual silver global silver production is 27,000 tonnes, which at $17 only equals $15 billion.

As a comparison, annual gold mine production is $114 billion. More silver has been consumed globally than has been produced for a number of years. Investment demand for silver is only $2.5 billion annually. The total size of the silver market is minuscule in relation to world financial assets. That is why it is been very easy for Deutsche Bank, UBS, Barclays and a few other banks to manipulate this market. Deutsche has admitted their rigging of the silver market but since they have implicated a number of other banks, we haven’t seen the end of this story, which is very likely to spread to the gold market also.

The gold/silver ratio indicates that the manipulation might soon come to an end which and that will lead to increased physical demand. That, in turn, will put the paper silver market (short positions) under severe pressure. As physical demand rises, the silver price will increase rapidly. Even today it is difficult to find big quantities of physical silver, and as price rises there will be no silver available anywhere near current prices. Any surge in demand will only be satisfied by substantially higher prices.

Silver should not be bought for speculative purposes but for long term wealth preservation. Due to the volatility of silver, 15-25% of total precious metals holdings is the right level in our view. For any investor who doesn’t hold silver, it is my strong belief that now is an excellent time to buy physical silver at a price that will never be seen again and for a journey which will be extraordinary.”

[lauders] 12/12/2016 08:37

Not to all evidently shakeypremis or we would probably be at all time highs by now and some would not be talking of $1000 and below for gold. One point of view is correct. Either we are right or they are! Can't surely be that "inevitable" or PM's would only be going one way - UP!

[shakeypremis] 12/12/2016 08:34

It is inevitable unfortunately launders. All that we can really do is try to protect ourselves from what's coming.

[lauders] 12/12/2016 08:20

We might have to wait until after the Xmas jollies have passed for reality to sink in GS888, so you may well be right. A bit more patience needed here. I think/hope. Not that I really want the world and its people to suffer and become miserable mind you!