Hochschild Mining Share Discussion Threads

[lauders] 14/12/2016 09:53

Perhaps whichever way it goes we will get some upside here? At the moment it is all based on uncertainty and HOC has been holding fairly steady for the last few days. Once the decision is ACTUALLY fact then hopefully we can just move on. Now if HOC can just announce a new discovery or such-like that would just about be perfect timing ;-)

[charles clore] 14/12/2016 09:28

I am surprised that anyone believes FED lies any more to be quite honest.

[dstorey1] 14/12/2016 09:23

Given US debt levels and opaqueness of economic figures I would favour rates being held with Fed sighting new economic/financial environment post Obama. One major consequence should they hold is that US equity markets will rise further into bubble making the eventual pop a bang.

[dt1010] 14/12/2016 09:00

Rate hike yes 25 basis points I reckon.

Its what they say about next year in terms of approach to hiking rates that counts.

They will be careful what they say (hike them in a measured way etc) so as not to deflate the bond market too fast).

[shakeypremis] 14/12/2016 08:33

Rate hike today, yes or no? I really don't know, I am going to stick my neck out and say no.

[topicel] 14/12/2016 08:06

Stevea, I'm reminded of dot.com mania and the euphoria around 1999/00 and all that Y2k concerns that simply evaporated on January 1st when nothing untoward happened.

This time in reverse?

I tend to agree that a massive pull back is as likely now as it was then. The main index was similarly impacted, I think we were touching 7,000 FTSE for instance and we didn't see it again for over a decade...

So yes, DOW most likely to severely retreat on hike and dot plot news, but from the Feds point of view from a higher base than prior to Trump so the damage is contained. Just, as ever, the speculators will get burnt.

If that has been the play then of course PMs are allowed to rebalance back to pre-Trump levels too and we all await January 21 and a new era! In other words, as you were.

Or not. Lol.

Topicel

[jimbowen30] 13/12/2016 21:57

The case for gold....

[stevea171] 13/12/2016 20:29

After all this Wall St hype we likely get 20,000 Dow. Then what?

Probably 10,000 before 21,000 or 30,000 Dow ....

[onedayrodders] 13/12/2016 16:35

no doubt in my mind PM's are not enjoying DOW strength
as soon as that spikes up on the open .. PM's weaken

I really hope that head fake comes to an end soon

[stevea171] 13/12/2016 15:54

Topicel. It's hard to read much into what may be just a one day blip. Plenty of buyers to match plenty of sellers (or just 1 main buyer as price went up 10p). Who knows unless there is a holdings change RNS?

Today the volume is likely to finish up over 3 million (2.8 million currently) which again is in the top of the range category.

[topicel] 13/12/2016 15:37

Stevea, and again that high was probably post-Brexit?

If that volume has been exceeded it must really augur well for HOC.

Topicel

[topicel] 13/12/2016 15:35

A paper dump this afternoon guys? Seems rather dramatic to be an orderly market correction without some assistance...

Back up again would still show underlying strength but boy is it tiresome,,which is the point I suppose?

Reversal after London closes in PM prices no doubt.

Topicel

[stevea171] 13/12/2016 11:51

Huge volume here yesterday - 5.3 million. This compares with the previous high for the past 12 months of 4 million back in June.

[rhuvaal2] 13/12/2016 11:14

Every now and then there comes a time when Joe Bloggs & his Mrs the world over decide the time is right to buy a few coins for the grandchildren and they now have a spare few bob to fill that little leather bag. Chinese and Indians know the drill.

Last time it happened Eddie George confirmed "it was impossible to keep gold and silver down"

[onedayrodders] 13/12/2016 10:10

no one goes to prison even if the fines are a $billion

[topicel] 13/12/2016 09:39

Indeed, if it can then all be supported by follow-through transactional evidence that these barrow boy chats were acted upon.

That's the problem Rodders with all these manipulation stories. Is it as much bravado as effective? Apparently it is/was but proving it and, as we would all like to see, locking people up to deter it further, is so difficult.

We need to be realistic.

Topicel

[onedayrodders] 13/12/2016 09:28

Still shocking even though we knew ....

[chipperfrd] 12/12/2016 20:14

H,

Then think of it like QE and the decreasing impact that money printing actually achieves.

I graph my Excel Comex data. What I see is a typical higher highs and higher lows type formation for the Commercial net shorts in silver since mid 2015. That is what I am referring to.
Chip

[hectorp] 12/12/2016 18:13

chip ( above)
.......The historic peak in banks net shorts was 16,970t on 2/8/16 when paper silver was priced at US$19.76/oz. It will be interesting to see if that record gets beaten on the next cycle......
Chip

may I ask you chip, did you mean by that, will the price of $19.76 be beaten, or that there shall have to be over 16,970 t shorts , in the next cycle?

The possibility of over 16,970 tonne shorts, is statistically interesting, but I don't see the importance or relevance of it. I do of course assume that it is something like a whale attempting to swallow a larger Jonah each month? I've always been prone to understanding things best if they are explained metaphorically
Perhaps you could explain a little further ?
regds,
H

[hectorp] 12/12/2016 18:02

Just got in, very pleased indeed! fine silver bounce back, and HOC positive reaction. :-)

[topicel] 12/12/2016 17:26

Que?

Again HOC holds up so much better than Fres and even anticipates the move in silver this evening Stateside.

Fresnillo is a lumbering giant in comparison but the drop matches the rise here, so it makes little sense unless it is being targeted short deliberately?

No doubt some last minute positioning into the Fed meeting will mean little movement the next couple of sessions, but then...action stations. The sell on the news brigade will probably do just that as usual, whatever the accompanying noise is to the rate hike.

Topicel

[lauders] 12/12/2016 15:09

The other day I noticed some charting by a poster named Enami on this thread:

His feedback on HOC was nice (see post) 5694, but given his stated quote of silver being around $21 I would think it would actually be an under-estimate of the likely target. Just thought I would share in case anyone wanted to see a nice chart. Whether it turns out to be reality is another matter of course.

[chipperfrd] 12/12/2016 15:01

The Comex banks counteract upward price moves by supplying ever more naked short paper sales and then follow through until price reverses and the big speculators (hedge funds, etc) get hit with margin calls and sell to close open contracts.

However, unlike gold, the banks net short positions in silver are not retreating enough at silver price bottoms and they are then needing to increase their net short levels to ever increasing heights in order to get the next reaction.

At the last COT report, the banks were still net short 11,779t silver yet it looks like they are having to push more naked short sales onto the market as silver tries once again to push back up.

The historic peak in banks net shorts was 16,970t on 2/8/16 when paper silver was priced at US$19.76/oz. It will be interesting to see if that record gets beaten on the next cycle.
Chip

[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