Hochschild Mining Share Discussion Threads

[saturdaygirl] 29/12/2016 12:50

Well i bought half my holding back at 2.05

Prepared to let the daily stoch run up from here , hope the Dollar does not make another leap for the sky ,thats my main concern.


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[stevea171] 29/12/2016 12:32

PI. It's trying ....

[panic investor] 29/12/2016 12:25

Charles that will never happen and you know it.

This needs to break out of the downtrend and damn soon imho

[daybreakers] 29/12/2016 12:21

Bear rally which I will sell into and buy back when gold hits $900 before strong reversal seeing higher highs. Not sure of timing tho.

[charles clore] 29/12/2016 12:07

stevea - to be sure, the US needs a major external audit!

[stevea171] 29/12/2016 12:00

Topicel. Interesting thoughts. Gold backed Treasury Notes?
Do they have any gold and if they do they would need to prove it. Like an internationally monitored audit.
The US will never agree to any audit of their gold, internationally monitored or not because most of it is loaned out, re-hypothicated or just gone.

People will not accept for much longer all the lies and BS that comes out of Washington.

[topicel] 29/12/2016 11:42

Both deluded and inspired by MSM I'd say Stevea.

The only place to be is in PMs if the Trump administration is as true to its word as the market thinks it is. They can't understand two simple economic truths:

1) it costs a lot to undertake major infrastructure rebuilding and tax cuts and in so doing a strong dollar will hurt US companies from exporting. So the tourists are happy, lol, but not the manga companies. Consequently, more money is needed in the form of QE4 to keep the whole mirage rolling along.

2) if this all brings inflation, as it inevitably does, interest rates need to rise to off-set the impact on the US economy. They can't rise as the debt repayments on the $20t will take all the QE4, or alternative that is propelling the DOW, away from Trump before he even gets started.

The ONLY sound economic way out of all this is to devalue the dollar, say 10-15%, issue gold-backed Treasury notes or some similar instrument to raise the infrastructure boom spending and hope it all goes well.

This will probably necessitate letting gold free to revalue on international markets or else the gold backed T-notes wouldn't be acceptable...

The banksters have recognised all of this and created the two-month window to short and exit. Their current games are nearly at an end and they know it. We await the opening days of the new administration and how they really will act to 'Make America Great Again', of course, but it can't be done with a strong dollar and suppressed PMs.

So as you said Stevea, the beaten down sector is unlikely to be sustained given all of the above. Once the Capital Gains Tax Year has ended, the selling of the DOW will begin in earnest.

A reversal is being indicated already. The smart money is cleaving away as we digest our Xmas leftovers and are not watching. IMHO.

Topicel

[lauders] 29/12/2016 11:22

My... How sentiment changes! Only a few days ago it was all doom and gloom & now it is turning. Wish I was as convinced as all you bulls but I would gladly take your side of the PM future over those of the bears. Let's see what 2017 brings for PMs and good luck all HOC bulls.

[stevea171] 29/12/2016 11:07

Where are all those de-rampers that were infecting this board before Xmas predicting gold $1000, $900 or $500?

Trend followers never understand that trends don't go on forever and that trend reversals can happen at any time. These doom merchants won't change strategy even now as they think the PM's and miners are wrong to be reversing and they convince themselves that buyers here will get slaughtered and they will clean up sub $1000 gold if they just give it another week or two ....

The jury is still out on this but as each day passes this reversal will gain legs as the sector was so beaten down that it was very unlikely to be sustained.

Remember this headline by one of the financial gurus?
"Martin Armstrong Warns Gold Headed Under $1,000 & Into the Abyss" - December 16, 2016
Is he paid by the MSM for putting out this clap trap or completely deluded?
Zero credibility.

[pixi] 29/12/2016 10:36

Gold up more than 30%, silver up more than 50% in 2017.

hxxp://www.gold-eagle.com/article/investment-outlook-2017

[edjge2] 29/12/2016 10:34

Dollar likely to go crazy when selections of rebellions wars black swans swoop in for winter. Habit I suppose as dollar bust, wonder where else this massive cash will go.
Also have sharia gold investment Oked. Dow likely to correect but will mega boom again with dollar flight to safety.

[goldenshare888] 29/12/2016 10:12

V-shaped recovery taking place!

:))

[topicel] 29/12/2016 09:49

Well I persevered and read it all Extrader.

The theory works fine for me. I don't doubt it will add fuel to the oil pricing fire but I still feel that the dollar has to revert to its pre-Trump win 'weakness' for him to kick-start the US economy as he intends.

The whole fits together. That is the main take-away to me...

Topicel

[blueball] 29/12/2016 09:36

Certainly a lot of interest in gold and silver today.

[kirk2] 29/12/2016 09:36

were in for a huge upward ride next year, hold tight.

[stevea171] 29/12/2016 09:22

Dow down 111 yesterday which means for the past 11 trading days it has failed to hit intraday the much hyped 20,000 mark let alone achieve a close above 20,000.
This is a mega failure for Wall St as it has been all over their MSM financial articles for weeks now and was taken as a given to hit 20,000 and then go on even much higher.

Today and tomorrow the Dow is expected to fall further as institutions rebalace their portfolios - selling stocks and buying bonds to adjust ratios. So probably no 20,000 Dow this year at all!

With this huge failure attention should start to shift to gold, the PM's and PM miners.
Got silver? Got Gold?!!

[goldenshare888] 29/12/2016 08:28

"Be right and sit tight"

Some advice I intend to follow!

[goldenshare888] 29/12/2016 08:13

These paltry prices will be consigned to the history books before too long!

:))

[blueball] 29/12/2016 08:07

Some interest here this am.

[goldenshare888] 29/12/2016 08:05

Be careful Extrader, I read somewhere that oil is their next shorting target. Apparently commercials are closing GOLD shorts and going long while at the same time piling on oil shorts.

[extrader] 28/12/2016 22:31

Hi Topicel et al,

What price the USD if it ceases to be the currency of choice for hydrocarbon trading ?




A long but serious analysis of where we may be heading.

Executive summary : The major oil exporters and importers may be about to move to what is effectively a gold-based payments system, with attendant implications (+ve ) for gold and (-ve) for the greenback.

The article pulls together in a plausible manner a number of outwardly unconnected developments and makes a good case for the conclusions it reaches.

My own portfolio is more skewed to hydrocarbons than PMs at the moment, haven't quite figured out how that leaves me .....;-<<br />
ATB

[charles clore] 28/12/2016 21:26

Guys I hope you are right. I think so. H - what's your take on the situation?

[stevea171] 28/12/2016 21:12

Pixi. Good luck with your shopping in the January sales today! I am hopeful this is the start of a turn around too.

The S&P500 has closed down and the lowest close in 13 days so maybe some overdue air will now be coming out of the US main markets and other investments will have their chance to shine?

[topicel] 28/12/2016 20:55

QE4, that is the easiest way to both weaken the dollar again and keep the sugar supply dripping into Wall Street.

The only trouble with QE4 is it appears to be having less and less effect each time.

That is why I would expect some kind of combination of QE and protectionism to devalue the dollar. Any stronger and the US companies are in big trouble. A businessman at the helm won't allow that scenario to go much further come January 20.

It makes no sense to leave the dollar free to appreciate. QED! QE4 and perhaps a partial peg to gold...?

He has said he rues the day Nixon took away the remaining part of the dollar that was still tied to the gold standard in 1971. He has big backers, and many in his admin who are gold supporters too, like Pence.

Now that would be a nice boost for gold but like I say it would need to recognise the loss in purchasing power via-a-vis gold of the dollar of, say, the last eight years...

Who knows? I'm not one to offer a cure but I know that a strong dollar is intolerable for the Yanks as things stand, and all it would lead to...

It seems everyone is ignoring the fact that Trump, his main backers in election funding, his Vice President and plenty of others in his cabinet and advisory team are all advocates of gold and the banksters, who had access to US gold since Obama's Executive Order in 2013, know it.

Time is running out guys. Squeezed by the new administration and a reversal Executive Order and the Chinese/Russian gold bugs and the SGE's growing price influence undermining what little JPM and co can still do to force the COMEX/LME prices down. Tickety-tock...

Topicel