Hochschild Mining Share Discussion Threads

[onedayrodders] 05/1/2017 14:03

I'll be happier when £2.40 is taken out then we can safely be out of the downtrend since mid August

[dt1010] 05/1/2017 14:01

"Silver (NYSEARCA: SLV) seems to have established a bottom and the precious metal is doing all the things right for a rebound. Some technical changes are getting underway which could remove the bears and bring in gains in the coming weeks. I will discuss this and the risks involved in today's article".

MASSIVE leverage to the silver price available here :))

[goldenshare888] 05/1/2017 12:42

Maybe he has PM investments?!

:))

[onedayrodders] 05/1/2017 12:20

Silver price could recover faster than gold in 2017 as metal producers prepare to enter class action lawsuit against the banks



Who knows .. maybe Trump has no appetite to cover this up for the cartel

[hectorp] 05/1/2017 10:03

HOC is lagging silver on the 4 flags chart, but should catch up fast, with silver and gold breaking out.

[blueball] 05/1/2017 10:01

Looking for 230p here today.

[goldenshare888] 05/1/2017 06:42

Not for much longer, their time is ending!

$1178 GOLD - Heading back up towards new highs.

:))

[stevea171] 04/1/2017 23:35

From Gazkaz on another board:
State Dept. cable confirms
>>> gold futures market..... was created >>>> for price suppression

The U.S. gold futures market was created in 1974 as a result of
- collusion between the U.S. government
- and gold dealers in London
- to facilitate volatility in gold prices
- and thereby discourage gold ownership by U.S. citizens,
according to a December 1974 State Department cable obtained by Wikileaks and disclosed today by the TF Metals Report:



The cable reads: "The major impact of private U.S. ownership, according to the dealers' expectations, will be the formation of a sizable gold futures market.

Each of the dealers expressed the belief that the futures market would be of significant proportion and physical trading would be miniscule by comparison.

Also expressed was the expectation that large-volume futures dealing would create a highly volatile market.

In turn, the volatile price movements
- would diminish the initial demand for physical holding
- and most likely negate long-term hoarding by U.S. citizens."
.................................................................
And the paper tail - wagging... the physical dog
and "In turn, the volatile price movements"
- have been running, rinse and repeat... ever since.

[stevea171] 04/1/2017 22:27

Clif High: 2017 Webbot Predictions On Gold, Silver, & Trump
His system “Predictive Linguistics” since early 2000's draws a link between 20,000 Dow and $600 silver.

Regardless of the paper price on Comex, he sees the market price for PHYSICAL silver taking off early this year and by early August approx $125 in the US and maybe $345 in some other countries before going no offer. ie the coming demand for actual silver cannot easily be filled or cannot be filled at all.

This has been predicted by others for a very long time but maybe supply is finally close to being exhausted as sovereign governments/central banks hold gold (supposedly) but no silver.

From approx 30 mins in on PM's:

[dt1010] 04/1/2017 18:07

my 1150 buy into Fres looking rather amazingly timed ;)

[onedayrodders] 04/1/2017 17:13

"Restaurants To Eliminate More Waiters In Response To Minimum Wage Hike"



Considering a large % of the phoney jobs created in the US are waiters, the next few jobs reports should be interesting in terms of pressure and verbal FED garbage on hiking Interest Rates.

[onedayrodders] 04/1/2017 17:08

Sshhhhh .... quietly encouraged with silver retaining yesterday's spike and through 2 Nymex sessions !

Feeling like it's catching it's breath for an assault through $17

[stevea171] 04/1/2017 17:07

Topicel. Quite so! The market is ever unpredictable and we learn things all the time. Stock selection is less problematical than timing!!

It seems institutions have now started to dump big bucks into some of the PM miners. eg today's volume in FRES was 2.2 million which is only the 5th time in the past 5 months for volume over 2 million for FRES. The good thing about HOC, FRES Ftse100, 250 is the liquidity so that dealing in size is not a problem!

[topicel] 04/1/2017 16:52

I did wonder when you said you'd dumped Fres Steve, but your rationale about HOC wasn't that far out so it wasn't like you were leaving the sector exactly... ;)

I also know the whipsaw feeling and have come to stick to my guns more lately, almost any sector, given the volatility.

My BARC sale at 150p last summer was impatience and fear of Brexit but look at it now. So big outfits like that, and Fres, are slow to move but like many a juggernaught once they gather momentum they do rumble on a fair distance!

Topicel

[stevea171] 04/1/2017 16:07

Sold my FRES too soon. After seeing decent gains yesterday and earlier today have rejigged portfolio back to include them again ..... danger of getting whipsawed with this! :-)

[charles clore] 04/1/2017 15:08

As a matter of interest has anyone seen or heard of any analyst views on JPM's silver horde?

I found this from last year

Following on from the above, it wouldn't be any surprise to me if there was a shortage in the coming years of.... Silver American Eagles and Canadian Maples dated between 2011 and 2016... of which I have quite a few.

[topicel] 04/1/2017 14:28

Just 5%?

This month alone sees us about to bear a 100% increase in the price of oil per barrel which, as we all know, filters through to almost everything we buy or produce...

I don't think JPM are switching horses because of a paltry 5%. I think, like me, they see 70s style numbers coming, especially if Trump adds his promised fuel to the fire.

What a shock that will be to Milleniums who have no notion of such things. They almost certainly need to get tied to the PMs Stateside, or devalue. Probably both...

Topicel

[hectorp] 04/1/2017 13:15

stevea , I think I realise why silver is down there on the baseline since the last lwo relative to 2002. ( I do, agree that there is much upside to come).

It is - the blanket of worldwide deflation which is also manifested in very low rates. This is an artificial deflation created by the printing and so on.

Reality is, INflation will return and bite hard. In Britain I expect 5% inflation by next December ( partly of course due to the devaluation). Note NEXT today, say clothes prices shall rise 5% this year. Clothing is not a bad general, indicator of where inflation shall be overall. five percent. Wages will only rise by 1.5%. However people are not only looking to buy clothes, so they will cut their cloth all over the shop. This means, Britain will be going into a stock market slump, with no increase in interest rates due. They shall buy fewer clothes, and other shopping, cars etc etc. People will scrimp. The average family here has no savings at all.
So where silver? Inflation should help the PM's.

[stevea171] 04/1/2017 12:01

Silver prices nearly reached $50.00 in April of 2011. They crashed to a low under $14 in December of 2015 and currently (December 2016) sit at about $16.

The Silver to S&P 500 Ratio: This ratio shows the relative valuation of silver compared to stocks in the U.S. See the chart below for the ratio since 1990.



Silver is currently too low compared to the S&P 500 Index. We live in an exponential world – exponentially increasing debt, banker profits, silver prices, monetary nonsense and more. Examine the increase in U.S. national debt and the – more or less – parallel increase in silver prices – both on log scales.





Silver is too low compared to its own exponential price history as well as compared to the S&P. The next major move should be UP!
WHY?

Ted Butler: “The big theme, as I see it, is JPMorgan becoming more aggressive in acquiring physical silver and gold while at the same time reducing its COMEX short position in each almost as aggressively. It’s hard to imagine a more bullish backdrop for futures prices.”

[goldenshare888] 04/1/2017 11:43

Of course not Charles, just a friendly warning to watch out for the manipulators!

LOL

:))

[charles clore] 04/1/2017 09:42

gs - are you suggesting in your 9468 that you will compensate any long who gets stopped out? Most generous lol!

[stevea171] 04/1/2017 09:36

Shakeypremis.

Pallancata ore is processed at Selene. I assume Selene has a ROM stockpile which it will be still processing. Xmas/New Year summer holidays so limited operations at Pallancata and Peru anyway.

Pallancata scheduled to produce only 4 million oz (10%) out of 35/36.8 million oz total production from all 4 mines in 2016. As the company says impact on 2016 production - nil.

[stevea171] 04/1/2017 09:31

This week and next week will provide data on some early trends for the new year that will likely grow stronger as we go through 2017.

In particular I am expecting gold, silver and the PM miners to be firm to strong.
The US markets to continue the topping process and begin to trend down.

HOC should be a major beneficiary of these 2 trends.