Hochschild Mining Share Discussion Threads

[juju44] 13/5/2017 09:54

Steve , Your chart is too big , running off my screen . Can you shrink it as it looks interesting

Edit - OK got it . Just shows howe the Crimms can put the price anywhere they want to - in this case to close their shorts at huge profits. Where to next ??

[stevea171] 13/5/2017 09:50

ALERT: Commercials Cover All-Time Record Number Of Silver Short Positions! Also Covering Gold Shorts!

23-Year Commercial Silver Chart Shows Record Short Positions


All of this short covering is a very positive and significant step in the right direction for the gold and silver markets.

[dt1010] 13/5/2017 09:02

edjge jnug isn't supposed to be held for long periods. I made 7% on it in 24 hours on a £24k holding which was nice but I would be hesitant about holding it for long. I think though that it will do well. The whole sector is oversold.

[goldenshare888] 13/5/2017 07:53

3 - 4 X multiplier on HOC suits me fine...

:)))

[edjge2] 12/5/2017 22:43

JNUG should reach 20 (5 in old money) by end of next week then steam may be spent. Likely to reach 100 by autumn and 5-7 with a deep correction below 1200 but the deeper that is the more violent and uplasting the swing reaction. SG mega rosy 20x cash? On about a 10x multiplyer, hoc probably only 3-4 compared to gold but I don't like $ risk.

[saturdaygirl] 12/5/2017 21:35

Maybe a spot of chart symmetry required here ?

Someone mentioned inverse h&s pattern earlier

[charles clore] 12/5/2017 21:19

In which case HOC is top heavy with traders

[dt1010] 12/5/2017 21:13

They're not investors.

[charles clore] 12/5/2017 21:02

Judging by the chart it appears there are quite a lot of very nervous HOC investors selling on Friday afternoons.

[dt1010] 12/5/2017 19:55

You didn't take the time to print it out, read it and take tax advice then pixi? ;)

[pixi] 12/5/2017 19:37

JNUG: decided to capture a profit of £1020. Opened at 1630 closed at 1834.

I had to sign US tax papers with IG Index allowing me to buy US stocks which will be renewed in 2020. Don't know what the tax implications will be.

[dt1010] 12/5/2017 15:21

Nice, I paid 260 and 261 earlier

Should have waited

[pediment] 12/5/2017 15:06

dt. Bought at 256.20 through 256.50

[dt1010] 12/5/2017 14:54

Agree

Retail figures a miss, rate hike less likely...gold and silver like it

Buy this break out.

I just bought another load of HGM. Took a 7% gain on JNUG, sweet.

[pediment] 12/5/2017 14:48

Gold established support at 1230 after gap up anyone ?

[topicel] 12/5/2017 14:16

Dollar not so happy with the US inflation and retail numbers it seems. Hence gold and silver taking a hike up, but probably not for long.

As I was saying earlier at opening, algos playing with the stocks on a Friday in the main.

Good weekend all.

Topicel

[stevea171] 12/5/2017 13:40

Mining CEO Explains Why Silver Could Reach $136.67
Posted on May 11, 2017 by The Doc

I did learn something over the weekend from the mining CEO; he told us that the current mining production ratio between the two metals is about 9:1.

This means that 9 ounces of silver are mined for every 1 ounce of gold that’s mined. This is very interesting from a supply/demand perspective.

According to the Silver Institute, demand for silver hit an all-time high in 2016.

But the price of silver, at least relative to gold, is hovering near a multi-year low at 75:1. (Again, the historic average is around 50:1).

Moreover, even though the price is 75:1, the new supply of silver is only 9:1.

In theory if the new metal supply is 9:1, then the price should be 9:1 (which would be a silver price of $136.67).

Obviously that’s a purely academic postulate; reality rarely conforms to theory. And the mining CEO wasn’t projecting a $136+ silver price.

But it seemed clear to him that there’s an unsustainably wide gulf between the gold/silver price ratio versus the gold/silver supply ratio, especially when silver demand is at an all-time high.

Commodity prices tend to move dramatically when the market realizes there’s a serious supply/demand mismatch.

That seems to be the case with silver right now.

And while it would be silly to expect $100+ silver, there are certainly credible reasons why the ratio should close the gap and move MUCH lower.

[stevea171] 12/5/2017 13:18

Fund Manager Asks, Is Gold Signaling the Next Financial Crisis?
Posted on May 11, 2017 by The Doc

The recent PM take down: "This is the cycle that has repeated numerous times per year since 2001. This time, however, more than any other time since 2001, the sell-off in the price of gold is counter-intuitive to the collapsing financial and economic condition of the United States, specifically, and the entire world in general. The likely reason for the current price take-down of gold is an attempt by the elitists to remove the batteries from the “fire alarm” mechanism embedded in a rising price of gold. An alarm that lets the populace know that there’s a big problem that will hit the system sooner or later; an alarm that lets the public know systemic failure is beyond Government and Central Bank Control.

A similar manipulated take-down of the price of gold and silver occurred in the spring of 2008, ahead of the great financial crisis. Gold was pushed down to $750 from $1050 and silver was taken down from $20 to $10. This price decline was counter-intuitive to the collapsing financial condition of the U.S. financial system, which had become obvious to anyone not blinded by the official propaganda at the time. Of course, after the financial collapse occurred and was addressed with money printing, the price of gold ran up to an all-time high.

It’s likely that a similar situation is taking place now. Only this time around all “assets” are in price-bubbles fomented by record levels of fiat money creation and the interminable expansion of credit. The debt portion of this equation is getting ready to hit the wall, the only question is timing. This explains the parabolic move in the price of Bitcoin. Bitcoin is nearly impossible to manipulate.

Once the western Central Banks lose the ability to manipulate the price of gold in the derivatives markets, the price of gold and silver will go on their own parabolic price journey – one that will leave the price of Bitcoin in the rear view mirror.

[stevea171] 12/5/2017 13:08

THIS Is When CHAOS Will Break Out in the Gold & Silver Markets…
Posted on May 11, 2017 by The Doc

Given the inability to manipulate its market via paper derivative instruments and short selling, this is the message that Bitcoin is signaling:

In the absence of the ability to manipulate the market, this is the same message that gold and silver would be sending to the world, only the scramble for gold and silver bullion in any form would be more frenzied and it would be widespread.
At some point the western Central Banks will lose the ability to manipulate the gold and silver price and the Comex will default. That’s when chaos will break out in the physical gold and silver markets…

Smart insider money is loading up on precious metals – not Bitcoin – and that silver is a better bet than gold.

“How did you go bankrupt?” “Two ways. Gradually, then suddenly…”
Hemingway’s “slowly” method of going bankrupt has nearly run its course. There’s no way to tell the timing on the “all at once” side of this trade but the price action in Bitcoin is signaling to the world that the obviously inevitable draws near.

[dt1010] 12/5/2017 09:32

I like BB's. Keeps it real. Also I like people's comments and rationalising.
My main thing is property but doesn't quite have the same buzz. I rarely sell anything.
I strongly believe this can double within a year. It's going to look mighty cheap at these prices next year.
This is a cheap stock without question.
I bought HGM today aswell and was buying Fres on Monday.
Whole sector is owed a big rally.
I don't regard them as bets Top.

[topicel] 12/5/2017 09:19

So that is some large bets you've placed DT. £50 grand in 24 hours?

What are you doing posting on here mate? I'd leave it all to my financial advisors and live of the income.

For the crack? Well, it has its moments but gets addictive too, n'est pas?

The bet looks like a good one though I must admit! Envious of the size of bets, that was me once....

And £4 a litre in Haute Garonne :)

Topicel

[charles clore] 12/5/2017 09:15

Eastbourne is my local if anyone ever gets down this way

[shakeypremis] 12/5/2017 09:11

£5 a pint in London