Member Info for CarpeDiem1

Nice to see HGM over 50p now. I did sell a quarter a few weeks back because I didn't want to have have too much in one company but still hold 20k worth. Now on the hunt for another miner with decent prospects and dividend. I've been in and out of Randgold and Fres a few times but what do you guys think I should look at?

Not sure if this will hit 60p in the short term. Certainly potential for Russia/Ukraine war still exists and that didn't help HGM 6 months ago. However, results were reasonable with increasing profit margins. I think we are stuck with low commodity prices for some time so I don't think gold will go above $1300 this year (excluding unexpected events) I did buy on the way down to 25p, so am happy to sell a little on the way up and reduce my holding. I won't sell any more until it reaches the 60p range, but I am taking the view that it will be next year.

RRS up strongly today so not quite sure why we have hit the buffers. In for long term so will be interesting to see what happens in the coming weeks.

The revolution nationalisation thing is unlikely, though one shouldn't assume it is impossible. I am more concerned about whether there will be restrictions on earnings, higher taxation, and currency controls. Particularly as ordinary Russians suffer this year and next as declining tax receipts have an impact and the Russian govt tries to claw more back from profitable companies. This might only be 1 in 10 on the probability scarce, but shouldn't be dismissed.

The company is performing well, however there are 2 main considerations. 1. Strength of the dollar. Gold has gone up in value when measured against nearly every currency other than dollars. If the dollar weakens, gold should do the opposite and go up. A sea change might occur in the next 2-3 years, but who knows. 2. Russia. Is Russia stable, or might they think about nationalization, increasing taxation to pay for poor economy, or worse still Revolution. I believe its happened once or twice in Russia. Good luck but caveat emptor.

I see Russian equities are moving higher today so should provide a boost next week.

I invest in good dividend stocks, and HGM is one of around 35 stocks I hold. I felt sub 40p was a good place to buy HGM and have bought several tranches, average price 34p. In your position I would consider a gold fund, whereby the managers spread the risk across many different stocks. This limits the risk and prices are quite low for these, however these do not pay much dividend and have management fee applied. I am looking at GPM.L, although prices have risen in the last few days. One to consider maybe.

Friday's 47p was a technical high but I think the sp can push on to 50p. Gold is certainly in demand in Asia as the Chinese stock market has plunged recently. I would certainly be looking for a steady 50p in the days ahead alongside a positive mining update. There remains a possibility of gold suddenly taking off in a speculative boom, and HGM shares topped out in the 190's in 2011. Happy days if that happens again.

Over 40p this morning. The Shareminator was right again. I am beginning to like the fellow!

Randgold up 6% so HGM a little disappointing today so far. Lets hope the HGM lag applies and we see a good rise tomorrow.

level of buys quite low, not many rushing out to buy HGM. I guess ppl might be worried about Russia. I guess gas prices might be next for a bashing!

they just have, to 40p The Shareminator was right with his prediction.

Gold has actually risen quite a bit when viewed against other currencies. The USD could strengthen even more this year, but when it eventually weakens gold will come into its own.

I deal with fine art and everything I buy is sourced in the West, 90% is shipped east, including Chinese items, India and the Far East. I doubt this trend will stop, even with the rouble problems and exchange controls. Hopefully a few more good days with HGM this week.

Everything Russian has a panic factor attached to it. I deal in occasional russian items on ebay and demand for these has fallen off the proverbial cliff. Great for buying, no good for selling. I have been using the opportunity to buy a good amount of these as I feel at some point confidence will return, especially when the oil price stabilizes. One could just as easily buy Russian energy stocks, but the good yield and hedging factor of gold swings it for me.

http://investors.morningstar.com/ownership/shareholders-overview.html?t=XBER:HGM&region=deu&culture=en-US&ownerCountry=USA Not sure if this link will be posted but according to Morningstar Van Eck and Market Vectors Junior Gold Miners have sold 5 million shares each. They hold another 17 million between them so remains to be seen if the selling has stopped. This is obviously keeping the price down, but I think come spring and better production figures, this could shoot up quickly.

Does this larger volume indicate the price falls have stabilised and due an upwards correction?

We are seeing a weakening of gold price which inversely tracks the dollar. The dollar strengthens, gold weakens. Global demand for gold is weaker than last year, however the outlook is good, certainly demand for jewellery in India is rising and if you think, as I do, that Asian demand for gold will increase over the next 5 - 10 years, gold is one thing that is worth buying into at these prices. http://www.gold.org/supply-and-demand/gold-demand-trends Russia is heading for a deep recession and all Russian based companies have seen a collapse of their share prices. This might stabilise or reverse if oil increases in price, but longer term this helps HGM by reducing costs. Energy costs are the big expenditure in mining. The half yearly report shows reduced costs and this will continue. The decline in the value of the Ruble however offsets the decline in oil, so have to wait and see if HGM is better off. I certainly think at this level its a screaming buy, but I will wait longer in case it overshoots to the downside.