Hochschild Mining Share Discussion Threads

[majorpain2] 08/2/2017 13:51

Anything funny with PM's will only work if the horde remain relaxed. There is too much happening in the next 6 months (mainly Europe/EU/Euro) that makes whacking a load of paper shorts on is massively risky IMO. Couple that with gold and silver ore grades reducing and its not too hard to see that there is only one conclusion to where the price is going short, medium or long term (again imo).

[goldenshare888] 08/2/2017 13:30

Intraday reversal on the cards here as GOLD & SILVER continues breaking out!

:))

[breaktwister] 08/2/2017 13:13

Has the PM slamming/manipulation finally stopped? And if so why? What has changed, what is the new plan? Interesting times ahead.

[goldenshare888] 08/2/2017 13:01

So true Charles. I am happy to wait for 550p - 700p!

:))

[charles clore] 08/2/2017 12:59

The problem with taking profit is you have to find somewhere better to put it or there is no point. Let the winners ride until the game changes imho.

[blowitall] 08/2/2017 12:34

Was very genteel take some profit earlier today but can't help feeling gold and silver will be higher again...as I type 1239 and 17.8 so hoping for recovery this pm.

[jimbowen30] 08/2/2017 12:23

Breaktwister,
Good move on CEY. It's one of the best gold producers around and is my largest holding. A real cash cow....

[breaktwister] 08/2/2017 12:20

Off topic but CEY is also de-frothing today, one of my top gold picks. Taken more @ 170

[breaktwister] 08/2/2017 12:08

Hard to see much more froth being creamed off if the silver price keeps powering on.

[onedayrodders] 08/2/2017 11:57

Top ..yes $17.75 seems to be the short term resistance but who know with a fair wind at any moment ...and the pressure continues to the upside in the POS

:O)

[onedayrodders] 08/2/2017 11:44

240 to 280 was made in quick time ... just removing a bit of froth at the moment

[topicel] 08/2/2017 11:14

Seemingly the market has forgotten/overlooked the collapse budevenwiser?

At least judging by the price action since. It would be an issue if the next RNS says we are needing to delay re-opening etc. But as Stevea has said, this is a modern mine and should be passed soon after all the checks and changes are assessed/passed.

More likely then that we push on again. We will see.

Topicel

[goldenshare888] 08/2/2017 11:13

Hi Hectorp,

2500p - 3000p: Wow, you are making me look like a de-ramper with my 550p - 700p targets this year!

LOL

NB. I do not think you are wrong with those targets in that timescale either.

:))

[breaktwister] 08/2/2017 11:11

The only way we will see 240 is if silver price pulls back hard into next week and there is no news on immaculada. I will be backing up the truck in this scenario.

[breaktwister] 08/2/2017 10:55

H, I believe you meant to say that a rally in GBP would help stackers.I am BTFD in HOC today.

[onedayrodders] 08/2/2017 10:51

Indeed H .. my teenage kids take the mickey when they see me buying Silver Maples.
I've told them they are for them in the future but they still wind me up and call me Long John Silver

I'll be smiling down on them from a fluffy cloud somewhere in 40 years or so as they see how much they are then worth and say ...'Dad was right'

;o)

[topicel] 08/2/2017 10:49

Surely it would hurt HOC if sterling appreciated as we convert into that for full year figures etc.?

I too expect the pound stronger, but against the Euro too. For the same chaos reasons you mentioned H.

Topicel

[topicel] 08/2/2017 10:46

I was questioning if $18 could be hit this week but maybe just a bit too far for it.

By the end of Feb for sure. What is better is the HOC price is in advance of the silver value for this time last year. So we are more loved regardless...

Topicel

[hectorp] 08/2/2017 10:24

All looking very fine again. PS I use silver historic long term ratio as 16/1 pretty much where it should return, though we here may or may not live to see it, but over a 100 year term, it sure looks likely my great nephew would see that at some point. Maybe 2065? !
I'd be happy with a spike to 35/1 silver/gold, by outperforming the gold rally at some point, I do hope to see at least $100 an ounce silver, which takes HOC to £2500 -3000 pence per share in under 5 years with say a 30% chance within 2-3 years.

I don't believe the sweet and rosy world future view and think geopolitical economic isolation, currency wars, regional hangups, Greece and Italy, breakup of parts of the EU, eclipse of the Euro, US Treasuries,rising food prices and local shortages, and other factors are all more negative over the 1, 2 and 3 year scale than is getting credit for at present.
One positive I do NOT think I like is sterling, which as a PM guy, I feel sterling will rally stronger than most currencies next year , eg return to USD 1.40, but that would NOT affect HOC and other mining shares that we may own, though it would not help silver stackers in sterling . That's a good reason to hold metal and HOC ( and CEY etc)

[stevea171] 08/2/2017 08:27

Silver looking strong. Soon to be pressing $18 then back to $20+?
HOC 2016 ASIC expected $11-11.50
HOC 2017 ASIC guidance $12.2-12.7

[extrader] 08/2/2017 07:53

Hi Topicel,

I think your 9:1 - 15:1 ratios are closer to the mark, the U.S. Geological Survey estimates that there’s 17.5 times more silver in the Earth’s crust than gold,.

Hence the historic practice :
End of 19th Century –
The nearly universal, fixed ratio of 15 came to a close with the end of the bi-metallism era.
Roman Empire – The ratio was set at 12.
323 B.C. – The ratio stood at 12.5 upon the death of Alexander the Great.

HTH

Of course, with HOC at roughly 50 : 50 , if PMs rise , we'll do well and if the ratio Ag :Au reverts to historic, we'll do even better....

ATB

[topicel] 08/2/2017 07:52

Lauders, never wise but over a short(ish) term with such a well regarded and solid company it isn't totally mad to be overweight. And, biased as we are, not in HOC as things stand regarding PM prices going forward on a world economic and geo-political viewpoint.

If you are over 25% I'd rethink soon however and especially if there is any 'sleepless nights' involved! Otherwise, ride the current impetus through results would be a good decision. It probably would only consolidate at the next level with results this time, hopefully around 12-month highs.

At least it's not an AIM stock! Then you would be crazy, lol.

Hoping for not too much profit-taking today.

Topicel

[goldenshare888] 08/2/2017 07:48

You are not alone Lauders, but HOC is super-charging my gains!

:)))