Hochschild Mining Share Discussion Threads

[topicel] 26/3/2018 09:45

We shall see Stevea. The number of signal moments for oil/gold trading to have a sea-change are legion in recent times. Whatever happened to the trillion-dollar impact that saw gold as an investment under Sharia Law last year?

We have been down this road before. As NK, Debt Ceiling, NYMex, Comex, etc. etc. were but a blip in the dominance and control of US paper I will need convincing that PetroYuan will be any different.

All we really want is that move in gold above $1400 that Sprott looks for to see any still in HOC, and elsewhere, happy again. That is all it should take. We should all be buying back in, but will we?

Topicel

[ifthecapfits] 26/3/2018 09:34

should add - zero short positions.

[ifthecapfits] 26/3/2018 09:34

hxxps://shorttracker.co.uk/companies/

[stevea171] 26/3/2018 09:03

China's Oil Contract to Rival WTI and Brent Starts Trading
26 March 2018, 8:00 AM

(Bloomberg) -- China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe.

The long-awaited yuan-denominated futures on the Shanghai International Energy Exchange traded at 427.90 yuan a barrel ($67.78) for September settlement at 2:13 p.m. local time, with about 18,540 lots changing hands. The contracts, which are open to foreign investors, end years of delays and setbacks since China’s first attempt to list the securities in 1993.

September contracts of the two major dollar-based oil benchmarks, Brent in London and West Texas Intermediate in New York, traded near $68.29 a barrel and $64, respectively.

[dt1010] 26/3/2018 08:37

Yes David, hold your tongue and watch.

[stevea171] 26/3/2018 08:27

PetroYuan Futures Open - Over 10 BillIon Notional Trades In First Hour

The “petroyuan” is now real and China will set out to challenge the “petrodollar” for dominance.

After all the preparation, all the expectation, cheerleading and doomsaying, China's Yuan-denominated crude oil futures contract began trading tonight and appears to be off a good start with well over 10 billion yuan notional traded within the first hour.

So far it has tracked WTI futures well, trading at around a $2 premium to WTI (when translated from yuan to USD)...

Additionally, well over 23,000 contracts have traded within the first hour for a notional trading volume of over 10 billion yuan - more than $1.5 billion notional... signaling significant demand.
Offshore Yuan is moving in sync with 'Petroyuan' futures - as WTI tends to track the USD.

But this isn’t just some slow, news day “fad” that will fizzle in a few days.
The petrodollar is backed by Treasuries, so it can help fuel U.S. deficit spending. Take that away, and the U.S. is in trouble.

It looks like that time has come…

[onedayrodders] 26/3/2018 08:20

Charles ..there's an argument the Crypto gang have been being educated since 20,000 BITCOIN.

Elsewhere Gold hitting the $1350 concrete ceiling again I see.

I think Gold needs a stock market crash to break through, PM's firmed when the DOW was tanking on Friday.

[charles clore] 26/3/2018 02:46

David - watch this space and be educated

[davidspringbank] 26/3/2018 01:23

The Crypto boyz are in for a rude awakening, it's in a downtrend and is heading south as I speak, much like the general markets.

[lauders] 25/3/2018 06:48

FWIW:

For gold investors patiently awaiting a gold rally, Doug Casey’s right-hand man says the time has come.



Caution - A Kitco related video so bound to be some bias.

[dt1010] 24/3/2018 19:07

Could come at any time OneDay

Buy Bitcoin. It'll be $100k by the of the year.

Currently just under $9k

[onedayrodders] 24/3/2018 18:38

The DOW Jones is now lower than the February correction the bubble lovers on CNBC at the time were all lining up to call a massive buying opportunity.

Take a look at the 1 year DOW chart... looks pretty ominous to me.

Having been through several crashes I've seen the tentacles of that drag everything down.

Might not happen but not chancing it hence gone cash to sit out and watch near term.

ODR

[dt1010] 24/3/2018 17:42

Thanks. This granny now knows how to suck eggs.

[stevea171] 24/3/2018 11:46

Gold at close $1347 having another run up. Should be an interesting week next week with the EOM/Easter shut down and start of the Chinese oil for yuan for gold on Monday. Silver remains under the cosh long after the pundits have predicted a massive surge so gold and silver diverging further on the charts below.

Gold on a long series of higher highs. Silver on a long series of lower highs. Just when is silver going to be allowed off the floor by the cartel?

US markets continuing wave 2 of the collapse next week? LIBOR is up 32 days in a row and will be having an increasing effect on borrowers (the government, companies and individuals) and the markets.

Everything moving into bear markets incl stocks, bonds, cryptos. Except gold. Gold continuing up and not far from it's 2 year high of around $1367.

Eric Sprott says just $100 increase in gold is likely to add 25-50% to the profits of gold miners which are at historic low valuations.

[davidspringbank] 24/3/2018 10:52

DT1010

I've got both gold and silver bullion and I believe silver will do well. I think it will do better than gold.The key of course is to buy low and sell high, but I have not sold any bullion yet. I bought gold recently at $1250 oz and also bought silver at $15-16 oz. Anytime gold and silver reach my buying prices, I buy another tranch. It's very simple and I like buying PM's with worthless bits of paper.

I also tell everyone what I have bought and how much I paid so everyone knows what is happening. This has encouraged others to do the same.

When I decide to buy a miner, I tell every one how much I bought and the price I paid. This can then be checked in the actual Trades made that day

I've been doing this since 2015. The last time I looked, I was up 167% on my original pot. I expect that to change significantly by the end of this year.

I have been trading Hoc since it was 40p and managed to buy the $1050 low, the Dec 16 low and the Thursday low this week. So I think I have a pretty good understanding of what's going on in the PM/Hoc world which allows me to part with large sums of cash, without worry, to buy Hoc when everyone else is selling. I am a contrarian, I always do the exact opposite of the herd. So that's the buying side. When I sell, it annoys other people when I tell then what I've done so I tend not to tell them at all! I always have a sell target when I buy. I do a lot of research.

PM's have been oversold, particularity silver, but now comes the revival with the bubble markets turning over and Trump's trade wars and the Feds rate hikes. People are moving back into gold for safety, as you can see from the charts.

hxxp://www.gold-eagle.com/article/markets-have-gone-%E2%80%9Cthelma-and-louise%E2%80%9D

hxxp://www.gold-eagle.com/article/global-trade-war-fears-see-precious-metals-gain-and-stocks-fall

[dt1010] 23/3/2018 22:27

Gold is the answer. Phys only. All else isn't real. Even silver will disappoint. Gold is king.

[edjge2] 23/3/2018 22:25

Hochschild Mining PLC
PINX: HCHDF in states about same

[dt1010] 23/3/2018 19:21

Golden dude it doesn't matter what any of us think

[davidspringbank] 23/3/2018 18:30

I've got a lot myself. Silver is well out of favour and can only go up from here, however the best returns will undoubtedly come from the miners. I fancy AAZ, HOC, OMI and GEO will do very well.

Good luck!

[rhuvaal2] 23/3/2018 14:46

Well done, but I have just now bought physical silver which seems the right thing to do (for me) at the moment. BullionVault in Switzerland and no vat if not taking delivery etc.

[davidspringbank] 23/3/2018 14:32

It's due to take off this summer so maybe early next year?