Hochschild Mining Share Discussion Threads

[topicel] 15/12/2016 09:13

Stevea, rampaging dollar in the 80s lasted five years under Reagan.

PMS were crushed.

Trump has less room for manoeuvre fiscally but is still a Pied Piper for the foreseeable it seems which is mid term to me, I.e. 2017 is looking bad for us here in that environment.

The big rise at the start of this year was all about Chinese worries. They seem to have abated so with a strengthening dollar and another year of hinting at interest rate rises with just a little 0.25 here and there, the main stock indices Stateside will be happy and shun PMs. So will the dollar be solid.

It remains early days but if this priced in hike doesn't stop the trend then buying into PM related assets seems nothing but a hedge to me, not a place to appreciate wealth.

I hope I'm wrong this morning as my 2017 looks bleak otherwise!

Topicel

[dt1010] 15/12/2016 08:08

when there are no bulls around is the time to be bullish.

no point in trying to be a hero though

we need capitulation first

[daybreakers] 15/12/2016 07:46

Yup John. 👍

[johntrustee] 15/12/2016 06:17

Gold is reverting to the mean.cIt was $600 in 2006 and $1900 in 2011. It looks as though it will come down to $1100, maybe $1000. Hochschild should fall with gold so I am waiting on the sidelines.

[stevea171] 14/12/2016 22:54

Topicel. First Majestic is a switched on big player who understands Comex is a crooked market. Other companies, in particular small miners have less interest or freedom to speak or market their product/s.

It takes industry a long time to change established practice. ABX and SGE are relatively new kids on the block offering options that didn't previously exist.

Whilst prices have been similar there seemed no need to consider changing marketing practice. That is until recently. Now shareholders should be asking of management of PM companies why they are not getting the best prices for their product by moving sales to alternative platforms ie from LME and Comex to ABX and SGE. The pressure needs to come from shareholders!

The rampaging dollar can only rampage for so long! The Trump election result is not final. It may be overturned in the electoral college or the courts which could lead to civil war coming to the US. There are a multiplicity of dollar negative issues that the greenback has been dodging. For a supertanker to slow or change course takes a long time but happens nevertheless!

Tomorrow there will be new headlines, new issues not all favorable to the US markets or dollar .....

[topicel] 14/12/2016 22:33

But I do see the point about the SGE price differential being rather telling.

Like I say though, if the PM miners are 'earning' from the game then they just take it and await the reversal that always comes. If not, I would agree that 10% more for silver in Shanghai is something that should be shone a light on more openly.

Yet it isn't barely mentioned, is it?

Topicel

[topicel] 14/12/2016 22:29

Stevea - correct me if I'm wrong, but aren't the PM miners complicit in this whole charade by taking a cut in the form of a backhander for working within the Comex system?

They suffer the games because they are reimbursed with a steady income to ignore the manipulation. They are equally complicit, a fact alluded to by the First Majestic CEO even, if not in such blatant a way as I've just put it.

In other words we simply have collusion all around and need to see the change in sentiment from the organisers of the Comex cartel that allows PMs to reverse direction.

Are you not worried that this, and the rampaging dollar, are going to be rather strong headwinds for a while yet?

Topicel

[juju44] 14/12/2016 22:18

Of course the miners have been smashed tonight . What planet are you on

[dt1010] 14/12/2016 21:55

You on the payroll DayBreakers

lol

[stevea171] 14/12/2016 21:52

The SGE has largely stopped paying attention to the criminal Comex prices with MT $30+ higher gold prices and 10% higher silver prices.

The PM miners are starting to go the same way as well.

These completely artificial waterfall drops that we have been seeing for years on Comex and they serve up yet again tonight have nothing whatsoever to do with real gold and silver or the PM miners.

The miners should sell their metal on the ABX or SGE to get market price for physical and the stock markets should just switch off completely from the paper markets and look to physical prices being paid in the real world for gold and silver and price miners accordingly.

Tonight's live prices:

..............SGE physical .....Comex paper........ Difference
Gold ...........$1202 .............$1142...............+$60
Silver .........$18.67 ,,,,,,,,,,,,$16.79..............+$1.88

[daybreakers] 14/12/2016 21:50

I'm telling y'all. Gold will hit $900, don't know when

[daybreakers] 14/12/2016 21:48

You are right juju

[edjge2] 14/12/2016 21:34

A drop inevitable but I wonder the aussies will do.
Silly oversdold coming?
JNUG =$5

[juju44] 14/12/2016 20:58

Not priced in

[daybreakers] 14/12/2016 20:54

Well. I is going shopping tomorrow.

😂😂😂😂

[dt1010] 14/12/2016 19:33

this is making no difference at all. gold has drop seven dollars. silver is hardly changed.

it was priced in. the market knew it was coming so did gold bugs.

the whole sector is over sold and it will bounce.

the smart money has either already bought or is buying now.

0.25 basis points changes nothing, absolutely nothing.

""The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate," the Fed statement said".

BBC

[dt1010] 14/12/2016 19:18

Investors will now turn their attention to an imminent press conference to be given by Fed chairwoman Janet Yellen.

They will be looking for new forecasts and clues on policymakers' thinking about how President-elect Donald Trump's policies will impact growth and inflation.

BBC

[goldenshare888] 14/12/2016 19:15

The important takeaway is:

REAL INTEREST RATES ARE GOING TO REMAIN NEGATIVE FOR A VERY LONG TIME!

Taking real inflation into account of course!

I REMAIN VERY LONG PM STOCKS.

[dt1010] 14/12/2016 19:10

There you go - I was right, they have raised rates by 0.25 basis points.

[saturdaygirl] 14/12/2016 17:46

I think there was a clear winner for 2016 , anyone improve on SOLG

[galeforce1] 14/12/2016 17:34

Hectorp

"THe Pound ( sadly for me - ) I suggest the pound will gain strength especially v the Euro but not the USD, as Brexit will appear to be less awful for trade."

DREAM ON. This is just wishful thinking. As 2017 grinds on it will become obvious that a hard Brexit (which means trading on WTO rules) is the only possible outcome of the UK/EU negotiations.

AS prices rise and it begins to dawn on the British consumer that the country is in a serious hole, confidence will fall. So will the GBP.

The Euro will be weak until the elections in May. If Fillon and Merkel are elected it will get stronger.

[drdre] 14/12/2016 17:33

I hold HOC and AAZ. AAZ have a small market cap and produce approx. 70k ounces of gold (plus ag and cu byproduct). Azerbaijan based, PSC, but I like the management and if they can increase the resources / reserves, I think a major re-rating will occur. They are trading at a ridiculously low rating IMO. Chip's thread and valuation tables also seem to rate them decently. Not a 10 bagger by any means from these levels but I can see multiples if PM's rise (or stay above $1200) the company is very cash generative and will make decent profits. DYOR obviously.

EDIT:I ironically got back into PMs - HOC, AAZ at the start of this year (I had previous knowledge and had invested in both before), so have been very lucky, timing wise. See no reason for my rationale - rising PM's in a world drowning in debt - changing anytime soon.