Hochschild Mining Share Discussion Threads

[onedayrodders] 22/5/2017 04:07

looks like the banksters are on 24 hr shift protecting the $17 ceiling

[february 30th] 21/5/2017 22:04

I think you could have turned $10,000 to $2.2 billion, if you had ridden it all the way, without spending the money on pizza.

[topicel] 21/5/2017 22:01

Is that correct DT? £10k to £200m?

Somebody must have ridden a great deal, if not most of that wave if so...

Topicel

[topicel] 21/5/2017 22:00

Very good rrr. Voted up as the most visually appealing and concise yet completely accurate post I've probably ever seen!

An ounze of silver should cover it mate. Lol.

Topicel

[charles clore] 21/5/2017 21:30

DT - and they say it's not in a bubble yet! Lol.

[dt1010] 21/5/2017 12:56

Amazing to think.....£10,000 'invested in Bitcoin' in 2010....just 7 years ago.....is worth £200 million today.

Bizarre, incredible and sickening. True too :((((

[goldenshare888] 21/5/2017 11:59

Exactly rrr

Precious metals stand the test of time ie: thousands of years, not 5 minute wonders!!!

[rrr] 21/5/2017 09:47

Bitcoins in flower

[majorpain2] 21/5/2017 09:15

Bitcoin is becoming a victim of its own success, there are just too many transactions for the network to handle. Fees have increased to around $1.50 and it started taking forever to register a transaction.

blockchain.info/charts/avg-confirmation-time

The problem i can see is if people start abandoning bitcoin, whats to stop it becoming a ponzi when people will no longer accept it? Your money would be trapped.

[onedayrodders] 21/5/2017 07:20

I'll drink to that Lauders

[lauders] 21/5/2017 07:10

I piece I don't recall seeing before:

Silver surfer

I am far more optimistic over the prospective earnings picture over at Hochschild Mining (LSE: HOC) however, as I expect growing economic and political turbulence to support precious metals prices.

Like Kaz Minerals, Hochschild is ramping up group output to deliver robust long-term earnings growth. The company produced 8.6m silver equivalent ounces during January-March, the company advised today, up 16% year-on-year. The digger has consequently affirmed its full-year output target of 37m silver equivalent ounces.

While earnings are expected to flatline in 2017, Hochschild's bottom line is expected to blast 78% higher next year. So although the business trades on an elevated forward P/E ratio of 30.1 times, I reckon the prospect of huge rewards as production booms, supported by a positive outlook for silver values, merits a high rating.

[onedayrodders] 21/5/2017 06:51

Bitcoin is on borrowed time IMHO and pity those holding when they pull the plug....



It's a money launderers dream and the above IMHO is reason alone it wont last

[lauders] 21/5/2017 01:34

Summary

GLD closed above all key daily moving averages.

Next upside tests will be at 120 and 122.

Our three key metrics are all "favorable" or "bullish" for GLD for the coming week.

Summary

In last week's update, we wrote that there were "green lights for gold." By this, we of course meant that our indicators for the SPDR Gold Trust ETF (NYSEARCA:GLD) were all green, and we anticipated that gold would confirm the bottom and begin to rally. We were not disappointed. Gold had a solid week and closed above all key daily moving averages. We remain bullish on gold for the coming week.

Who knows, we may actually make it to 300p this week?

[charles clore] 20/5/2017 22:32

There's no daily bitcoin fix to keep it in check. It can't be shorted or manipulated as there is no paper bitcoin. Even though it is quite intangible, almost imaginary, it can be exchanged for goods and services. It isn't worth anything at all in itself and it has no benchmark or checks and balances but people prefer it to any other store of value. What a strange world we live in these days.

DT - we may have been wrong to rubbish it but I still can't accept it. Try as I may it doesn't sit right in my mind.

[dt1010] 20/5/2017 21:50

We were very wrong to rubbish it!!

[stevea171] 20/5/2017 21:11

It was inevitable. Where to next for Bitcoin? $3000? $10,000?
Whilst Bitcoin is putting on $100 per week, gold is struggling to put on a few dollars a day and not be pushed below $1200 again ....
Significant difference being no Comex, no CB interference, no JPMorgan, no cartel manipulating the hell out of Bitcoin.

Bitcoin Soars Above $2000 For First Time Ever
May 20, 2017 2:48 PM

Bitcoin is now up over 100% in 2017, amid global political uncertainty and increased interest in Asia, suddenly spiking above $2000 this afternoon for the first time ever..

That is a year-over-year gain of more than 350%.

[dt1010] 20/5/2017 20:46

Let me tell you.

EVERYTHING gets hammered in a market crash except the USD.

That includes gold and silver. And of course their miners.

Rebounding first in March 2009 on QE1 came silver and gold and their miners.

What happens this time, no one knows. Will Central banks have the fire power to support prices? I don't know. No one does.

I know markets are teetering on the edge, but then, they have been for a long time.

War on a very grand scale will be the answer to deflation. History tells us that.

I am 42 and I beleive I will see that War in my lifetime. When, beats me.

In the mean time, right now, I will continue to hold my pm miners. I believe they have some way to run with PM prices yet. The dollar has a lot further to fall. Silver especially is going to head north on a sustainable basis. I won't be surprised to see gold $1350 in the next 9 months either.

[majorpain2] 20/5/2017 16:44

I really dont know DT, Assets/Commodities are only being kept up due to extra QE money flowing around. Once that stops (and it just has) then deflation is going to kick in.

If the CB's dont turn the printing presses on quick enough, then the real value of all assets/commodities is going to be found out related to what people earning real money can actually afford. Equally, if they give Trump his $20tn inflation is going to rocket and confidence that central banks know what they are doing will falter (bond market failiure).

I am very unsure if HOC/FRES are going to get hammered in any market selloff and then rally strongly, or the market is going to recogise they produce real wealth and they are not going to fall initially and just rise. Still a better bet in the long run than cash, bonds or non pm stocks IMO.

[stevea171] 20/5/2017 10:10

Major Event!
The US Dollar Index fall this past week is highly significant. Yesterday close 97.12 and in free fall due to the goings on in Washington. Sterling, the Euro and the PM's are benefiting.
The dollar fall has much further to go ....

All-Time Record Silver Short Covering Continues! (10-year chart)



Commercials also continued to cover short positions in the gold market (see chart below).

Commercials Also Covering Gold Shorts (10-year chart)

[dt1010] 20/5/2017 08:27

Major- and he'll deliver it, deflationary collapse? Not on my watch, the businessman will say!

[lauders] 20/5/2017 02:45

The latest from the only person I tend to follow when it comes to chart analysis. Better than the rest as they say IMHO:

[majorpain2] 19/5/2017 19:18

Im pencilling in end July/August for the fun to start here, which matches up quite nicely to US debt ceiling clown show. Bush went from $5 to $10 trillion, obama from $10 to $20 trillion so Trump needs $40 trillion of debt to keep the show on the road IMO.

[topicel] 19/5/2017 15:46

Methinks as last week, and as I said earlier, the algo's have been left to play this is more likely Stevea.

Certainly big money traders could have made a churn but the rest of us, forget it, shut up shop and see you all Monday.

I wonder if any surprise announcement from Riyadh this weekend...?

Topicel

[stevea171] 19/5/2017 14:59

Bit of consolidation here for HOC as weak holders exit to be replaced by those who see 300-500p as the next target.

Cartel trying to put buyers of the PM's off by the take downs again yesterday and disrupt more positive sentiment for the miners.

But the rebounds will happen anyway ...

Silver building up strength for its next attack on $17 which will probably go next week. Then $18.50.