Hochschild Mining Share Discussion Threads

[goldenshare888] 18/5/2017 11:20

Good for you Lauders, I am not parting with any HOC until much higher pricing.

I target 500p - 550p by end Aug 2017 and then 700p end 2017/start 2018.

:))

[lauders] 18/5/2017 10:34

No offence Majorpain2 but I hope so ;-) Well done nonetheless. I am sticking it out for 300p and more! Top and Golden have told me it is in the tea leaves so it must be true ;-)

[stevea171] 18/5/2017 10:32

Michael Oliver, MSA (Momentum Structural Analysis), May 17, 2017:

Dollar Index
This has been in MSA’s sights all year. As far back as late December 2016 (in our Forex outlook for 2017) we said that a monthly close at or below 99 would break the Dollar’s annual momentum backbone.
That massive momentum structure traces back more than a decade. Also, a weekly close at or below 97.50 should be considered an actionable major bear signal event. Currently the cash index is trading at 97.48.

Gold
In recent reports we’ve argued that the major twisting and turning by gold since last September has merely been “technical noise” that in no manner alters the long-term annual momentum buy signal that we identified in February 2016 (buy signal $1140 to $1160, and buy signal for GDX at $15.50 to $16). There is no change in that view. We remain long-term bulls on gold and miners. For now we’re watching GDX for a secondary long-term momentum breakout (see the weekend report), and we’re watching for Dollar Index sell signal as a new wind at the back for gold.

[stevea171] 18/5/2017 10:10

We May Now Be In The Early Stages Of A Massive Short Squeeze In The Gold Market
James Turk – May 17, 2017

With the price of gold rising more than $20 today, James Turk told King World News that we may now be in the early stages of a massive short squeeze in the gold market.

Eric King: “James, you had been warning that the gold and silver shorts were in trouble and may finally get squeezed to the upside. In the last few months, you had also warned that one of these options expirations we would see gold soar because of the delta hedging. Why is this option expiration at the end of May so important?

The Early Stages Of A Major Short Squeeze?
James Turk: “It’s a consequence of delta hedging. When the price starts rising, options writers have to buy gold in order to remain delta neutral. Given the size of the short position that is out there, the gold price will be like a rocket launching and picking up speed as it gains altitude. If this is in fact the tipping point, who knows what will happen to the price of gold? We’re a long way from knowing if this will unfold. Having said that, this is exactly the kind of action you would expect to see in the early stages of a short squeeze…

If Short Squeeze Unfolds, Expect Skyrocketing Gold Prices
Both gold and silver have broken above their short-term moving averages and that signals a trend reversal. So now what we need to do is wait to see how this unfolds. There are still a couple of weeks to go before option expiry and that’s where I really expect the excitement to begin. Let’s put it this way, Eric, KWN readers around the world will know that a short squeeze is underway when they see a series of back-to-back daily gains much larger than what we are seeing today.”

[onedayrodders] 18/5/2017 10:02

sounds like a plan major ..well done

[majorpain2] 18/5/2017 10:01

Still holding a big core chunk, but my trading money is off the table with a good profit im going to buy something nice with. I will probably be wrong and it will soar past 300 though!

[onedayrodders] 18/5/2017 09:44

USD INDEX 97 handle

;o

97.574

[stevea171] 18/5/2017 09:01

obbig. Cartel hopes that a take down of one will lead to poor sentiment for the other.

Plenty of HOC buyers on the sidelines waiting for a retrace before stepping in.

[norman the doorman] 18/5/2017 09:00

US Dollar tank says it all. 2% on USD/JPY was a huge move yesterday. If it continues to fall today there will be a very positive reaction here.

[dt1010] 18/5/2017 08:58

Silver saw some shorting $17

Gold remains on the defence.

Both are set to soar in the coming 6 months.

I am adding on the dips.

Enjoy the ride.

[obbig60] 18/5/2017 08:46

Strange that the silver price has been hammered down but little change (so far )
on gold?

[richkid71] 18/5/2017 07:25

USDJPY making up for loss ground from yesterday I see. Of course silver and gold down. Don't think we shall be seeing any sea of blue on metals today.

[stevea171] 17/5/2017 20:06

Paper Vs. Physical: The Amazing Amount Of Leverage In The Silver Market
May 17, 2017 11:47 AM

By multiplying the 159 billion ounces of paper silver traded in 2016 by the average spot price of $17.14, we arrive at a staggering $2.27 trillion of notional paper silver traded versus $4.4 billion actual silver investment. Thus, the paper notional silver trading ratio to physical silver investment was a whopping 517 to 1… double the 233/1 for gold.

Now, this 517/1 notional paper trading ratio to physical silver investment in 2016 does not take into account any of the huge OTC market where a lot of silver is traded and there are no quantifiable statistics to the amount or degree.

Currently, the crypto-currencies are experiencing huge gains over the past several months. It doesn’t matter if an individual agrees with owning Bitcoin or one of the many crypto-currencies, the important thing to understand is that the tremendous price increases in many crypto-currencies are likely due to concern to the massive amount of Central Bank $1 trillion in asset purchases in the first four months of the year.

Furthermore, crypto-currencies are a likely a GOOD INDICATOR of what will take place in the gold and silver market when investors realize most STOCKS, BONDS and REAL ESTATE values will continue to implode as the U.S. and Global Oil Industries disintegrate.

The gold and silver prices are being capped because paper contracts can be added as more funds move in. However, crpyto-currencies do not have this problem because the amount of Bitcoins, as an example, are limited.

[dt1010] 17/5/2017 19:05

Round numbers always resist OneDay.

300p on the cards here and 200p for HGM nailed on too.

Get the cup and handle completed with volume and we're looking at 550p within 6 months.

[stevea171] 17/5/2017 18:57

HOC chart. White Marubozu candle today. Very bullish ....

[onedayrodders] 17/5/2017 18:17

silver hitting $17 upset someone

[charles clore] 17/5/2017 18:12

Just look at that finish tonight. Says it all about HOC really.

For the first time in a long while I am beginning to get nervous about the amount I have in HOC but It is performing much better than money in the bank so I will leave it where it is!.

[bigdazzler] 17/5/2017 16:33

Well just taken great profits with half of my trade. Stop moved up to breakeven point on the second half of trade and letting it run until signs of weakness.

An excellent trade and only 6 days long.

[juju44] 17/5/2017 16:31

Crimms will always control - up or down . It only goes where they decide to put it

[topicel] 17/5/2017 16:15

But juju, Stevea posted that the crims are running out of supporters for their scam.

It will end one day. Everything does...

Do a Journey mom ami and 'don't stop believing' lol.

Topicel

[goldenshare888] 17/5/2017 16:12

GOLD RUSH UNDERWAY.........

:)))

[edjge2] 17/5/2017 15:44

final rush to the hush. JNUG made 20

[topicel] 17/5/2017 14:09

While that is relevant I find the simple dollar/yen rate the most reliable indicator of strength or weakness in the PMs as a result. A basic risk on, risk off trade that tells us all we need to know.

It too is falling against the yen, but not by as much as the wider basket. It is still far stronger than this time last year and IMHO needs to go well below $110 and possibly $105 to the yen before we can see new highs in silver with £3 HOC to follow - just for Lauders!

Topicel