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Thanks for the reassuring post Sotolo , I’m relatively new to investing , the centamin drop today was unexpected so decided to take some off table for both this and poly to levels I feel ok with . I am left with 25000 shares in Hoc and will hold. The comments on the chat board are in the main excellent, thanks.
I’m after £6 share price as we move through this cycle of PMs growth
I believe this share to be underrated, Hochschild are slowly getting there act together.
If ever there was a strong buying signal, it's Noel going positive lol
Get in before you change your mind
Looks like it’s heading blue now so may well get that lift
Shame, I fancied a nice lift this afternoon, no way does the current SP reflect todays silver and gold prices.
I’ve taken a hefty chunk last few days and personally am expecting to see this back over £3 shortly ...
Derby doesn’t matter what price you got in. If you think a good buy now then hold on, if you think you wouldn’t buy at this price sell. There are many things suggesting selling - production fall pre Covid, gold running out, political instability in Peru and Argentina, angry locals and higher taxes/exchange controls. However I am holding as if production recover AND they find more gold/silver AND PM prices stay up this should soar plus The MD in his latest presentation says very undervalued. Most of all there is very little now on this board, the shares are unloved, I like unloved shares
Could be time to get back in.
For anyone new to this board, months ago, I posted on here about the flag pattern and correctly predicted the breakout to the upside. More recently, after the sp spiked, I correctly predicted the spike collapsing - and, BTW, was abused for doing so. some people hate it when others are right.
Could be time to buy back in, but I don't know whether to buy now or wait until after the October stock market crash that is going to make 1929 look like a non-event.
that pre
I would do the same but my average is 260p.
Planning to cash out here and put the money elsewhere, best of luck to all remaining, still expecting commodities in general to have a fantastic run though, particularly as inflation starts to pick up next year, and personally see most upsides in O&G then followed by Copper and Zinc, all only IMHO.
Probably lower, depends if gold 100 day average holds, but not looking good
looks like Gold is holding above 1850 for now. ISM next week also US stimulus and start of the final month for the US elections ... what can we expect for the PMs for the next few weeks ?
I have no interest in looking back at your previous post. The content and tone was largely the same as before, i.e. continuing your tit for tat with Givingthelowdown. Facebook would probably be a more suitable venue for such discourse, then you can save everyone else here from having to read that cr*p. Thanks.
Having given it further consideration, my last post was too polite. Undeservedly polite.
I should have just said "What's it got to do with you you smug git", because your post was smug - supercilious.
No I didn't. Look back and spot the difference - and why are you asking my reason for posting anyway. This is a chat board and I'm free to post within the site's rules and you are not the board policeman.
Noel, why are you repeating yourself? You posted this the other day.
Was someone recently saying that gold has support around $1850?
I'm struggling to see that on a gold chart.
Thanks.
I’ve waited 3 mouths for an opportunity to get in at this price, I believe it will reward going forward.
Just a follow up, according to the update, San Jose operation in Argentina which resumed on 27 April with a phased ramp-up process reached 70% capacity during June. It stands to reason therefore that the ramp up of production at San Jose from 70% to near full production by the end of this month will likely average 80-90% across the quarter.
Good points and analysis The-Shareminator.
* Too much ground has been gained by radical groups on the fringe.
Appreciate the points raised Sotolo.
Pallancata and San Jose have operated throughout the quarter without stoppages, the former at or near full production by the end of August, the latter has been ramping up but must be very near to full production (given stated guidance was end of September).
Inmaculada is more tricky to estimate. Please correct me if but unless I am mistaken the company announced the site redeployed workers in the week beginning 20th July and similar to Pallancata reached full production by the end of August. It's probably fair to say it was closed for 3 weeks therefore and the ramp up took a further 4-5 weeks.
Now compare this to Q2 operational difficulties HOC faced, with all three of the Company's mines closed for longer periods! The Inmaculada and Pallancata mines were stopped for 9 weeks of the quarter, with operations at each mine resuming on 31st May and 1st June respectively whilst the San Jose operation in Argentina stopped for 4 weeks of the quarter, resuming on 27th April with a phased ramp-up process.
The average price received for silver during Q2 was $19.8/oz and gold $1826/oz. I think it's fair to assume silver was trading 30-40% higher for the majority of this quarter and gold 6-7% higher.
I am not too worried by the outlook as I believe current Dollar strength is really just a symptom of fears of a second wave in Europe + Brexit concerns. US congress has also yet to agree the next round of stimulus, without which economic growth will stall as the global economy struggles with rising Covid rates. I'm sure you know this big picture scenario and are bullish on precious metals. I'd expect the USD to strengthen a bit more from here in the next couple of weeks as European governments bring in a raft of measures to try halt the spread, these will ultimately weigh on economic data and currencies. Also as Dark Knight mentions the US Presidential Election is coming up and bound to create some uncertainty in the dollar which should relieve pressure on PMs. US society has been politically charged for months and the riots of 2020 are unlikely to stop next year. Too much ground has been given up by radical groups on the fringe. Peaceful protests 6 months ago have given way to conservative gun toting militias on both sides as well as radical anarchists, Marxists and black militias like NFAC. Pretty scary time to be involved in law enforcement over there.
if trump gets in gold will move higher because of the china trade situation, if Biden gets in silver will shoot up because of the industrial use and he will bend over for china. I reckon PMs will start to move back up in the next few weeks once the USD starts to weaken once more.... I bet JP Morgan and the like are still spoofing the metals market regardless of the suggested 5 billion fine. Bunch of scammers.
Apologies posted twice, as happens sometimes couldn’t see the first post so thought it hadn’t gone