Hochschild Mining Share Discussion Threads

[onedayrodders] 19/5/2017 13:41

will Nymex spit their dummy out today

[topicel] 19/5/2017 12:02

It's the USD/JPY that matters really. The rest is not safe haven related, although no doubt helpful.

Getting back to 105 there is what is needed. More Trump words of wisdom should do it, lol...

Meanwhile, traders - and presumably with large stakes to gain from this churn - are having their fun with HOC.

Friday afternoon today seems livelier this week I suspect and not just algo's again? We will see.

Still "pulling up Beatock, a steady climb"!

Topicel

[goldenshare888] 19/5/2017 11:29

:-))

Yes, the bloated overpriced $ is going to deflate big time me thinks....

GOLD & SILVER to show their true colours/worth at last!!

[shakeypremis] 19/5/2017 10:50

Not anymore, down below 97.50 now. 97.46 to be exact.

[onedayrodders] 19/5/2017 10:19

97.547 USD

Still be supported above the key level of 97.50 by the dark powers

[lauders] 19/5/2017 09:27

Looking at the chart from when the 300p mark was breached it looks like post that time the 280s area has been a major resistance so when that 300p is breached again (note I did not say IF, have to be confident!) then hopefully we will really move north again.

[goldenshare888] 19/5/2017 09:25

Pressure building up in precious metal prices!

When the shackles are broken (could be very soon) the upsurge is going to be historic me thinks!!

:))

[topicel] 19/5/2017 09:24

"Pulling up Beetock, a steady climb...."

Next 'line' when we are back in the 280s please!

Topicel

[topicel] 19/5/2017 09:00

Bitcoin is more easily cross border for crims, hence the recent cyber NHS etc., hack used it.

That might be its death knell, and PMs black swan event as yet unrealised.

But I know nothing about it really, nor want to, other than of academic interest.

Similarly, basic charting observation tells me that if we hit calendar year highs - around 290p - in this rally we are looking very strong holding HOC. Lol, it's a strong hold anyway, but that is my near term perception this morning.

Topicel

[charles clore] 19/5/2017 08:26

Bitcoin is a road to ruin imho

[rrr] 19/5/2017 08:24

Why is Bitcoin any less a 'fiat' currency than the others?

[stevea171] 19/5/2017 08:16

Bitcoin continues the parabolic phase of its rise:

1 Bitcoin equals 1924.98 US Dollar

People abandoning fiat currencies en mass!

Pressure on the best alternatives - gold and silver will only increase ....

[pediment] 18/5/2017 20:46

Short term weakness due to a stuttering dollar rally mostly on the rebound from yesterday US hammering of DJI S&P and Nasdaq etc.

Gold will hold around 1250 but was overbought on the hourly at 1265ish.

The only thing that concerns me is that HOC has nosed off its upper Bollinger which it doesn't like at all often becoming directionless for a while after.

Silver has been hit today and if gold breaks 1250 we will probably revisit the 265 support. Just my opinion of course.

GLA

[juju44] 18/5/2017 18:11

Keep tellin ya , ya cant beat the crooks

[charles clore] 18/5/2017 16:14

Go on son GET UP THERE!

[topicel] 18/5/2017 16:01

Ho hum, but creeping ever closer to expiry time again and if we don't rally strongly above $17 soon then it will be difficult with Fed rate rise time following soon thereafter in mid-June.

Not much to be done about it all though.

Topicel

[lauders] 18/5/2017 15:35

Some hit again! If the precious metals recover it must be very positive.

[shakeypremis] 18/5/2017 15:16

Nymex are back!

[stevea171] 18/5/2017 14:54

ODR. I'm sure they are aware of all the technical levels.

Dollar is in a medium term down trend with the goings on in Washington not helping. If 97.50 is not triggered this week probably will be next week. Dollar is in a sharp reversal atm.

[goldenshare888] 18/5/2017 12:52

HOC chart could be painting a longer term Inverse Head & Shoulders pattern.

If so, then very bullish indeed!

I have been in these previously when they have gone from c 60p to c 700p within 2 years.

I would not be surprised to see 500p - 700p range this year, especially as the operation is in much better shape now than then.

We just need SILVER to break free from the shackles of manipulation.

Signs are there that this could happen soon..........

:))

[onedayrodders] 18/5/2017 12:12

hope not ITCF ..as that would mean back down to 16.65 before close.

I think the H&S patterns normally play out over a longer term chart and not a daily one.

But I'm no chartist

[onedayrodders] 18/5/2017 12:10

steve

from your post

"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."

Any coincidence currently being supported just above that key level .. (FED Dealing room ?)

97.503

[ifthecapfits] 18/5/2017 11:51

I'm not particularly familiar with such things or the meaning but could that be termed a H&S formation on the above Kitco chart?

[topicel] 18/5/2017 11:23

Nope, in the Stars Lauders mate. Get it right for goodness sakes!

On a less flippant note, I do get a sense that big forces are, and have been, at play for a while now that see PMs and related investments banging against each other's critical levels on a regular basis. Tectonic plates come to mind and something will give which is why, IMHO, I also see 300p as pivotal here.

Get thought that again and the effort will have been worth it soon thereafter I reckon. But any momentum always seems to be stymied...for the time being.

Journey sounding again - "Don't Stop Believing"!

Topicel

[ifthecapfits] 18/5/2017 11:21

thats some target G888