Hochschild Mining Share Discussion Threads

[onedayrodders] 22/3/2018 15:52

as they say on Dragons Den ... "I'm out"

[eeza] 22/3/2018 14:57

Yes.
That's why the retail investor is doomed to lose, unless you get on the same side of the trade at the same time as they do.

[juju44] 22/3/2018 14:56

YEp , they will NEVER be beaten . Biggest gangsters in history and supported by governments

[onedayrodders] 22/3/2018 14:47

oh dear eeza... that is very depressing

[onedayrodders] 22/3/2018 12:21

here comes the Nymex boys

[onedayrodders] 22/3/2018 11:43

I too thought at worst we would have a little blue here today ...still early i guess

[onedayrodders] 22/3/2018 11:41

yeah .. I know we've heard it all before ...

[edjge2] 22/3/2018 11:33

Appreciate replies, HGM is especially one for contrary price action. Expect hoc to win out but gotta wait.
No mention of canadian cobalt stock they took over should be outperforming HOCs basic silver/gold by some margin, looking at other CAD cobalts.
At 1330 gold sub 200p HOC looks weird

[onedayrodders] 22/3/2018 11:26

edje .. seen it with HOC so many times, then HOC runs up as PM's tread water.

We need $20 plus silver to break free from this unpleasant Tango

[stevea171] 22/3/2018 11:09

Rhu. Trump has been advised that there is no way for the US to stop or delay this likely to be fatal Chinese attack on the petrodollar that starts Monday, short of invasion of China. Good luck with that!

In all previous cases like with Gaddafi's gold dinar, Iraq etc the US just invades the country to stop any alternative to oil trade in dollars.

Hence the US 'Trade Wars' that are to begin probably today that will target No 1, you guessed it, China. When the dust settles on all this what are the chances that the US has made the wrong choices yet again and has lost another war?!
100% I would of thought.

Gold is gonna shine along with PM miners as at this late stage China can't be stopped.

"Trump set for China tariff announcement on Thursday, trade war fears grow."

[davidspringbank] 22/3/2018 10:31

It's all about sentiment. The MM's ran the price up yesterday in anticipation, but it didn't work out as planned so drifting back to reality.

[rhuvaal2] 22/3/2018 10:23

Fascinating material stevea and it deserves to be read over and again. Lucky readers here gain an insight into what previously has been an unimaginable situation.

[edjge2] 22/3/2018 10:07

How this goes down with metal prices up is beyond me.

[davidspringbank] 22/3/2018 09:28

I sure got that wrong. Gold oversold. Only three rate hikes not 4. So things are not as rampant as the behind-the-curve planners thought. The $ has fallen back and Gold bounced to 1331, but does it have enough legs to get to 1345 and break out? If not I'll get another small short on the go. -£5 short opened at 1329. Cash is king. The markets are not looking good.

[stevea171] 22/3/2018 09:11

China’s “Golden Alternative”

It doesn’t want to buy all that oil with US dollars. That’s why China is introducing a new way to buy oil. For the first time, it will allow for the large-scale exchange of oil for gold.

I’m calling this new mechanism China’s “Golden Alternative” to the petrodollar. It goes live on March 26.
Ultimately, I think people will look back and see the Golden Alternative as the catalyst that killed the petrodollar.

Here’s how it will work...

The Shanghai International Energy Exchange is introducing a crude oil futures contract denominated in Chinese yuan. It will allow oil producers to sell their oil for yuan.

China knows most oil producers don’t want a large reserve of yuan. So producers will be able to efficiently convert it into physical gold through gold exchanges in Shanghai and Hong Kong.

As of March 26, countries around the world will have a genuine, viable way to opt out of the petrodollar system. Now is the time to position yourself to profit.

Gold Will Soar

With China’s Golden Alternative, a lot of oil money will flow into yuan and gold instead of dollars and Treasuries.
I think the price of gold is going to soar.
China imports an average of around 8.5 million barrels of oil per day. This figure is expected to grow at least 10% per year.

Right now, oil is hovering around $60 per barrel. That means China is spending around $510 million per day to import oil.
Gold is currently priced around $1,300 an ounce. That means every day China is importing oil worth over 390,000 ounces of gold.

If we assume that just half of Chinese oil imports will be purchased in gold soon, it translates into increased demand of well over 60 million ounces per year—or more than 55% of gold’s annual production.

Of course, China won’t be the only country using the Golden Alternative. Anyone will be able to.
The increased demand for gold is going to shock the market. That’s why I think the price of gold will soar.

As the petrodollar dies, gold will be remonetized... and China will be another step closer to displacing the US.

[edjge2] 22/3/2018 08:29

muted reaction to gold up $20 and silver following, .40c up.

[onedayrodders] 21/3/2018 20:27

Looks like my expectation post FED decision, of $ and PM's earlier on today was pretty much spot on.

I suppose everyone is right once a year.


I think DOW reaction will be to the downside once digested along with the $

[eeza] 21/3/2018 19:59

Silver up 41.

But will HOC follow tomorrow?


Springbank's short looking puky.

[richkid71] 21/3/2018 17:29

GS. admitting HOC is a mistake? Contradiction there. I didn’t say anything about mistakes. I’m sure you will get your target of 550p, one day it’s bound to happen and you’ll no doubt remind us how your predicted this.

[goldenshare888] 21/3/2018 15:20

Might get my 550p target then?

Richchild will be delighted no doubt and seems to have forgotten those targeting 600p- 800p here...LOL

As we grow from children into adults we learn things like:

Don't blame others for your mistakes.


NB. I am happy holding until my target is reached and NEVER MOAN about it not happening.

[onedayrodders] 21/3/2018 15:08

indeed Top .. but guess is they would just print again to avoid meltdown like in 2008 and PM's would fly and $ collapse in all the panic

[topicel] 21/3/2018 14:26

That word has been doing the rounds for a few years ODR.

Careful what we wish for and all that regarding Deutsche.

Topicel

[onedayrodders] 21/3/2018 14:26

zh "The dollar extends its slide and now stands lower on a weekly basis as traders seem less confident that the Fed will signal four rate hikes this year and may not sound as hawkish as previously thought"

who knows ..like I said rate decision should be in the PM's already, so if it happens we should stabilize and firm up, it it happens with a dovish outlook, we go up, if it doesn't happen we fly.

If only it was that easy right !