Hochschild Mining Share Discussion Threads

[lauders] 08/2/2017 00:55

Happy I topped up last at around the 253p mark. If there is a bit of a sell-off today or tomorrow I may well do the crazy thing and add even more. Crazy because I am now getting to the point where a significant part of my portfolio is in one company. I know, I know.....

[topicel] 07/2/2017 22:01

Wasn't the real historical ratio closer to 1:15 or even 1:9 DT?

I mean all-time.

Topicel

[dt1010] 07/2/2017 21:26

Gold-to-Silver Ratio Points to Silver as Being Undervalued

Despite silver’s strong gains in 2017, it still remains undervalued, at least according to the gold-to-silver ratio. This ratio shows how many ounces of silver are needed to buy one ounce of gold.

The gold-to-silver ratio is important because silver has a strong historical relationship with gold. Silver is currently trading near $17.50 per ounce while gold is trading hands at $1220.80 per ounce.

The gold-to-silver ratio is currently at 69.8. This means it will take 69.8 ounces of silver to buy one ounce of gold. Five years ago, the ratio was at 55. The 10-year average is 61.55 ounces of silver to one ounce of gold.

If the ratio recalibrates to historical norms, chances are good it will be as a result of rising silver prices. There are simply too many economic and political indicators for investors to shun gold. For silver to return to its 10-year average of 61.55, it would need to climb 15% to around $20.00 per ounce.

Investors should see silver prices rise in the coming weeks, and gain even more traction if first-quarter earnings aren’t as stellar as Wall Street is expecting. If geopolitical tensions rise, the sky’s the limit for silver prices in 2017.

[dt1010] 07/2/2017 21:00

By the time it crosses over....the price will be a lot higher.

Always the way.

P.S on the long term chart 300p completes, it could be argued, a handle to a cup going all the way back 500-550.

So with volume and silver behaving that gap could well be filled.

Which is why I can understand Golden among others says 500p in 2017 is conservative. Not saying it will get there this year personally but the chart is interesting and cup and handle very often play out.

[pillion] 07/2/2017 20:45

Looking Bullish !
Both MAs below SP
Just needs Magenta to go below Black then..... Whoosh !

[npp62] 07/2/2017 17:52

Topped here and IOG today... Happy to hold both long term!

[saturdaygirl] 07/2/2017 17:48

All going to plan ,

But its much easier when you pick a proven winner

Gold and Silver still pushing the IHS pattern .

[pillion] 07/2/2017 17:43

Sky; you're on Fire !

[shakeypremis] 07/2/2017 17:33

Silver and gold both now making assaults on yesterday's highs!

[onedayrodders] 07/2/2017 16:22

amen to that steve.

[dt1010] 07/2/2017 16:10

Very nice reversal for silver today.

Will we see 300p this week?

I think so.

[stevea171] 07/2/2017 15:57

ODR. We don't know the cause of the rock fall or where fault may lie. Inmaculada is a new high tech mine with heavy investment in mechanisation and safety measures so all the safety measures should already be in place.
The inspectors job is to make recommendations so that hopefully such an event can't recur.

[onedayrodders] 07/2/2017 15:49

and hopefully the Inmaculada Mine re-opens soon with the required safety measures in place.

[goldenshare888] 07/2/2017 15:44

When it moves it really moves. I expect 300p+ soon.

[stevea171] 07/2/2017 15:34

Traders here losing position as they sell into the share price rise but the share price is hardly backing off, it keeps on rising so they can't get back in without paying more ....

Today HOC is making up for the recent under performance compared to some of its LSE listed peers incl CEY, HGM, etc.

[hectorp] 07/2/2017 15:31

Ho ho! very good
markets look like they will rise at an average 2% for the next 30 years I read somewhere this morning, so the need for silver will simply create the reverse flow after peak silver, ie silver will rise several percent or more annually. Silver looks much better than gold now to me.

[goldenshare888] 07/2/2017 15:29

DT,

I still have 700p target, but that is at year end 2017.

550p target is for before end August 2017.

NB. I would also be happy with 400p or 450p as it's all good.

:)))

[saturdaygirl] 07/2/2017 15:06

Do we get the 10% rise today ?

[topicel] 07/2/2017 15:02

Indeed, comparisons are often futile. I usually go by percentage of shares in issue traded and see how that stacks up.

Equally, sector rotation and interest moves things and in that regard I would imagine we are a big interest now and going forward as a company with FY coming up.

DT - the pattern is similar to last year but I don't think we'll get the same reversal. Trump can't be elected again! PM demand will continue into the second half this time and the dollar will weaken to spur this on.

Need I remind everyone of the economic truth that Trump can't do anything with a strong dollar...or rising interest rates. The opposites are all boom time for gold and silver.

Topicel

[lauders] 07/2/2017 15:01

Silver coming back and HOC & FRES responding. We might actually make it back to 300p at this rate :-)

[stevea171] 07/2/2017 14:33

Topicel. Not compared to the 20 million on one day in mid December but that was a remarkable one off! Volume comparison with other Ftse250 companies is not too rewarding. Sp, shares in issue, sector - all come into it.

The past couple of weeks volume here has been down with the falling interest in miners due to the fall in the PM prices. Volume today is likely to be around 3 million which for HOC will be very respectable ....

[dt1010] 07/2/2017 14:26

Even 400p would be nice

My feeling is that 2017 will be a tale of two halves.

I think silver and gold will be good until May June time...

It is funny though....last year golden was saying 750p

I love seeing bullishness but to be honest, if this gets to 450p in 12 months that would be a hell of a return. Even 400p would be.

[topicel] 07/2/2017 14:17

Split the difference and be happy with 500p guys? Lol, I know I would by August...

Topicel

[topicel] 07/2/2017 14:16

Stevea, is that good volume here? It doesn't seem a great deal for a FTSE 250 share in demand.

Topicel