Hochschild Mining Share Discussion Threads

[daybreakers] 19/12/2016 21:17

I am smart with entry points, exit points need more practise. I'll know when Hoc is ready to turn, not yet. Not oversold yet on the daily.

[dt1010] 19/12/2016 20:53

$15.80 don't you mean rhu.

The dollar rising is totally counterintuitive. But we can't buck the market no matter how great the injustice!

There are those that say gold will go back to its mean...$500....

frightening stuff. Can't see it myself.

I think gold will average $1300 in 2017.

[saturdaygirl] 19/12/2016 20:49

Spot on

The Dollar could continue to rally

Trump coming the white house may help but right now the PM Metals are a huge sell . Just the opposite of what many thought may happen .

[rhuvaal2] 19/12/2016 20:49

Silver did reach 15, but immediately bounced back up..

[dt1010] 19/12/2016 20:36

I don't know.

Gold and therefore silver rise on fear.

Terrorism in the new year? A terrible thought, just watching AJ about Berlin, those poor people. Would need to be on a massive scale to push gold and silver up. I sincerely hope that is NOT the trigger.

War in the middle east is another potential trigger of course, as ever.

But to be honest I think it will be the end of the dollar's rally that will drive prices. What will cause that? "A change in sentiment triggered by various statistics, such as payroll data, GDP data, and other market and economy measuring information that helps us determine what is happening in the US economy and to estimate whether the economy is strengthening or weakening"... - investopedia

So many different economic data types can influence the dollar:



The whole PM game is about the USD of course.

And all I know about the USD is that it's massively over bought.

Maybe Trump's plans and the debt necessary to implement them will spook that dollar? The world and his dog is waiting for it to roll over, that's all I know.

We shouldn't underestimate its ability to rally more...but any hint they won't raise rates as fast as the Fed made out and gold will bounce.

[saturdaygirl] 19/12/2016 20:22

Lets watch the selling , metals turn fast but when .. and we need a trigger ?

Something has to slow the Dollar advance

Suggestions ?

[dt1010] 19/12/2016 20:19

I've been thinking this for a while now. It cannot be predicted when the falls will end but the charts will tell us, volumes will tell us...no point in trying to think we're smart enough, it is likely to go lower before it really starts recovering.
Cheap is great. Really cheap is brilliant. I think we are the latter now but still, ahead of xmas, trying to predict things is futile.

If you couldn't trade next year though, say you were going away, this isector is as good a bet as any though, the bigger producers only.

I reckon we'll see the likes of fres and hoc up by 70% in the next 6 months.

The selling is nearly done...I reckon.

Maybe.

[saturdaygirl] 19/12/2016 20:04

DT

At last your are coming round to the what was thought of as the dark side .

Matals still under attack , probably a couple weeks of downside to come . No top ups until we get confirmation of the bottom , where ever that is ?

[saturdaygirl] 19/12/2016 20:04

DT

At last your are coming round to the what was thought of as the dark side .

Matals still under attack , probably a couple weeks of downside to come . No top ups until we get confirmation of the bottom , where ever that is ?

[dt1010] 19/12/2016 19:55

who knows when the bounce will come.

I would rather not try to be too smart about it, cough DB.

it is not about catching the bottom exactly, nor predicting it.

But I do think the bounce will start in the new year.

How wonderful though to have seen the sector smashed so gloriously..again...it gives us all a fantastic opportunity to double our money in the next few months.

[pixi] 19/12/2016 18:52

Chas - exactly. That's happening right now in China and in India where, due to import restrictions, there's a premium over official gold prices. This premium will only encourage smuggling because people are desperate to have a store of value as opposed to a worthless currency that's been devalued to help exports. Most people would rather have gold or silver than a future government approved digital currency on a computer.

Another advantage in driving out ordinary investors in gold is so the central banks can stock on the cheap. The only way to survive is to beat them at their own game and buy bullion gold and silver as a store of value. According to analysts, without government manipulation the price of gold would be somewhere around $2600 oz, instead of $1140.

[charles clore] 19/12/2016 18:37

pixi - that's right and if the market can't reassert itself by normal means it will do it by the black market where prices can be many times the 'going rate'.

[juju44] 19/12/2016 18:01

Yep , like say ... another 20 years ?

[goldenshare888] 19/12/2016 17:48

I agree Charles, they can only keep ALL the plates spinning for so long!!

[charles clore] 19/12/2016 16:11

H - I am contrarian. I think the price more likely to see $20 than $15. Already we are seeing a >10% silver premium over Comex in the SGE. I believe we will soon see big corrective moves in this horrendously manipulated and oversold PM commodity market.

[hectorp] 19/12/2016 15:39

Its more likely to see $15 than $20 ! after all 15 is only 1 away and 20 is 4 away. It will possibly see both !

[daybreakers] 19/12/2016 15:12

Don't know how to post the chart on here to explain my reasoning.

[obbig60] 19/12/2016 15:04

DayB... you may well be right but it would be helpful if you could explain your reasoning that silver is going to $15. After all, all the major events that could impact the silver price ( US election, Comex December shorts closing, Fed interest rate rise) are now out of the way.

[daybreakers] 19/12/2016 14:42

I'll be adding at 185, my target from months ago but I might not and just hold what I have. Silver is going down to $15

[lauders] 19/12/2016 13:17

As you say Hectorp. "When: is the important point, not "if". The PMs will go up but how long will it be before we see the increases and particularly the big rises many talk about. Months or years? If the latter who many 2, 3 , 4 etc.... Nobody really has any idea.

[hectorp] 19/12/2016 12:55

pixi I trust your purchase shall be rewarded, upside IS to over 500 should silver return to $20 /21 and above.

Your point about the US debt, one day , certainly, but that day could be many years away. They are Rome, and can do as they wish. So short term, could mean the length of the Trump Presidency.
Silver itself, should really be very good value now, right now. But all that is considered is the fine US Dollar. Which is just notional

[pixi] 19/12/2016 11:00

I've increased my holding by 65% at 198 - everything is turning up roses, Woo Hoo!