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Hochschild has been in many games and actually is now mainly a gold miner; as silver has run down, and Arcata (going since the 60's) had to be mothballed the remaining silver became so expensive to get out, Hoc is now about 1/3rd silver. However I totally agree that despite profits are likely to be nil or worse with the Covid shutdowns this year, both gold and silver running out, and scary politics for miners in both Peru and Argentina also with indigenous unrest, as you say the big plus is that Hoc has been around over a century although with some wild ups and downs, including nationalisations and rebirths, Mauricio Hochschild was a metal trader then Bolivian Tin baron and the company has only been into PM's more recently, Mauricio's great nephew Edouardo, our chairman, has been with the company over 30 years, in 1998 he and his father Luis were kidnapped, and Luis killed, the family still have skin in the game - more than half of Hochschild - so are keen on its long term success, hence the rare earth which is a long term gamble. Why I hold
Lucian Myers....... Winnies Ace shorter.
Hochschild A review of an old timer by Lucian Miers.
An old friend of mine tipped me the shares of silver miner Hochschild Mining (HOC) at around 70p in late 2008 as the GFC panic was at its peak. When I asked him about the prospects for silver he appeared to be only vaguely aware that this was its game...
He instead pointed out that the company had been founded in 1911 and that any enterprise that had survived two great wars and the great depression was unlikely to go out of business anytime soon, as the share price was suggesting. Naturally, I ignored the old buffer and missed a monster rally to 700p. Hochschild shares briefly traded below 100p during this year’s March sell off and have since doubled. If history is any guide they should trade much higher, regardless of the silver price, and I am long at these levels.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^HOC&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^HOC&type=4&size=3&period=9&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Me too, KingWorld seems to always talk the market up, and uses Andrew Maguire who does the same. Of course one day they have to be right but in the meantime I shall start reading Moriarty, thanks. I also heartily recommend Gary Wagner Gold forecast, who doesn’t just say gold and silver are rising, but has just started believing in silver. I have reinvested my Fres dividend in Hoc this morning
The silver price has plunged. Moriarty was right, as he usually is.
He isn't right every time, but it's not often he is wrong. Well worth reading, in my view.
http://www.321gold.com/
Take your pick -
"Michael Oliver – Silver Is Closing In On A Massive Breakout That Will Send The Price Of Silver Into The Upper $20s"
https://kingworldnews.com/michael-oliver-silver-is-closing-in-on-a-massive-breakout-that-will-send-the-price-of-silver-into-the-upper-20s/
"Silver is Getting a Bit Frothy"
http://www.321gold.com/editorials/moriarty/moriarty060220.html
Having read KWN since it first started, I would put my money on Moriarty being right.
Silver - $18.32
Opps forgot to mention it was yoko Ono that made it worthless
Problem is too much of a good thing every one wants it,but when there’s none it becomes a premium,just like the John Lennon last album when he was alive it they where worthless,saddlley when he was killed and boom the worst lap was suddenly sold out,I hope you get my metafore
Gold and silver both rising .
A glaring visual. The elephant in the room? Silver!
https://www.jsmineset.com/2020/05/28/in-the-news-today-3435/
The silver price is up a good bit, so when will the HOC sp respond.
250p next week?
So happy, silver rising and now in the blue wish I could say the same for the rest of my portfolio.