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Let's find out - picked some up @ 97p.
Hedge fund plaything, no idea why people still think names like this are long-term holds or value stocks...
How low can the bottom be?????
Near impossible to catch Hoc’s daily low, it will always find another 1 or 2p to dip
How's that bullish MACD turning out? Hope no one listens to that numpty MasterRSI. It's typically the ones with the highest post counts that talk the most nonsense...
Had another slurp today at 103p and though I'd got the session's low!
Problem is gold and silver a hedge against any sterling weakness but it’s it’s a bad wicket if interest rates rise globally particularly $ rise as it has no yield- just an opinion!
I hear so much bull---t why gold and silver is going to do well. Since 2020 it is underperform all commodities and will continue.
Affirmative MasterRSI, is this is the week that I should liquidate all of my assets and convert it to silver?
Silver is on the rise today $ 21.8885 +0.276 after a couple of days of a small drop
silver intraday chart... http://uk.advfn.com/p.php?pid=staticchart&s=PM%3AXAGUSD&width=390&height=230&p=0&t=23
Peel Hunt is one of their corporate brokers so how you think that's an objective bullish sign is beyond me haha.
Also Peel Hunt raises Hochschild mining to 'buy'
spread 112.10 v 112.40p +2.40 (2.18%)
On the rise today, and looking strong even after the spike and lower again.
intraday chart with Fibonacci... https://uk.advfn.com/p.php?pid=chartscreenshot&u=w6TEET3JEr/HoGZefvdoUOgen9twvTQK8%20PpJ10RzRg=
You can thank Peel Hunt buy signal for todays rise, in a sea of red elsewhere, not much joy owning shares at mo , with 2023 prediction of recession on top
HOC wants to fly today already at 114p
Slater, I think maybe you miss the key point that Tornadotony points out: hoc isn’t a long term miner like Barrick or Centamin, with long life gold mines, but in essence an exploration company that is very risky. It’s Peruvian mines are running out and it seeks replacements mostly from others’ cast offs like Snip. This is a very difficult game, but IF perchance they get it right and have great luck the company would of course become a lot more valuable. As it is, it is a tired very high cost miner which in these inflationary times is somewhat unfortunate if still worth a punt,
Gold and silver surely have to bounce soon!!
Tony, HOC sure looks cheap at current levels when you zoom out on the chart. Problem is, gold prices are stagnating and silver prices falling in USD but miner costs are up double digit %; that’s all that really matters here.
Looking at the highly suspect intraday movements it appears more like a trading spiv stock than a hold and put away in a drawer for the grandkids.
HOC has always been more difficult to value compared to some of the other precious miners. The Canadian SNIP project has every chance of producing 750,000 ounces of gold for the company in future years. The Brazil mine acquisition is to yield 27% in future production volume and is partially a replacement of its ageing Peru assets that are themselves being extended for several more years. Volcan project in Chile needs water supplies and one idea is to possibly have a desalination plant that supplies the mine and local farmers and population. If that all comes together they have a workhorse mine with 8M ounces of gold and 1.7 g/t is useful for an open pit. Volcan offers another 25% replacement output on the older mines. Overall the company has a continuation strategy that is migrating over time from Peru dominated production into Brazil, Canada and Chile as its major sources of income along with its Argentine mine. The Peru mines once hugely dominating the company will gradually have other national mines in friendly host countries taking greater proportion of the annual outputs. There is perhaps a back drop of decreasing risks for HOC when compared with the two previous years.
Overall HOC is my smallest precious miner investments and I feel the 100-120p range is not to far a good entry to hold.
As for silver and gold prices, nobody knows how well or badly central banks will mange inflation or recessions. For those of us living in the UK, recession risks appear to be rising, our currency is getting weaker, inflation is going through the roof and the geopolitics is not providing much confidence either. On that basis HOC is a decent hold for me. It may not see the dizzy heights of 200p but it should supply a divi and hopefully deliver an inflation breakeven return for those buying the stock at this time.
Silver doing rather well? It’s down more than 20% YoY in an environment in which it’s supposed to thrive. If US enters recession and nominal rates keep rising I really would not want to be long silver or its miners, they will be toast.
Indeed is BOUNCING as Silver is also doing rather well
HOC 114.30p + 2.30 +2.05%
Silver $22.323 +0.415 +1.89%
US printed in the last 2 years and a bit 80% of all the US dollars in circulation and the UK printed 2 trillion. All to protect granny with the circus 19 and lockdows ! Now with the energy prices sky high who will protect granny from turning into a popsicle... how many grannies and grandads will die with the high fuel costs and high cost of living. The world was happy to sit and take the lockdowns and watch porn all night and play endless xbox games and now they are all crying about high energy and cost of living. I have to ffen laugh !
"A US Treasury spokesperson said Yellen was “pointing out” that there had been economic shocks “which couldn’t have been foreseen 18 months ago”.
That statement is bulls**t.
Around the same time the Bank of England was predicting inflation rising to 2% and being transitory (ie: falling back down soon).
The US Treasury and the BoE are fully aware that if you pump billions of pounds or dollars into the economy without anything to back it up you are likely to cause inflation. They arrogantly thought that they were clever enough to control it, and that the public would be too thick to understand what was happening.
Printing billions of funny money, or as they prefer to call it "Quantitative Easing", increases the amount of money in circulation without adding any new assets or goods. More money, same assets equals price inflation. It also lessens peoples confidence in cash, which partly explains the popularity of Crypto currencies.
hahhaha nice one slater and PC
@Dark_Knight2020
Not sure there's any significance in that appointment but back in October 2021, Peel Hunt said HOC had 45% upside potential next year when the share price was 150p so I guess forecasts are not their strong point :[
“I think I was wrong then about the path that inflation would take,” Yellen told CNN on Tuesday
A US Treasury spokesperson said Yellen was “pointing out” that there had been economic shocks “which couldn’t have been foreseen 18 months ago”.
It just shows you that no matter that they have thousands of people studying thousands of pieces of data on a daily basis , coupled with the masses of Intelligence information they spend Billions of Dollars collecting ç
..they still cannot foresee what is up on the road ahead
Frightening really