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GingerT
They reiterated Buy again with a Target of 220 on 3 January (HOC Share News)
220 is still a lot higher than where we are now!
It's systemic rather than being HOC specifically.
None of the big gold miners on LSE are seeing big increases.
Maybe the market doesn't see it really kicking off in the Gulf as Iran doesn't have the capability to take on the US and Saudi so you get the gold rise short term but the miners don't follow.
Just a theory. I'm as annoyed as you.
They're on the way up again!
Iran needs to stand up for itself. Can't let Trump get away with this.
I would if I had any!
DarkKnight - sorry, JIMHO?
Market seems to be generally spooked.
Even the oilers (BP aside) aren't making significant sums.
Maybe everyone is waiting on the Iranian reaction after the mourning stops.
Causal- a trade deal would, and still will take us to 600. A thaw in relations between the world's two biggest economies far, far outweighs a bit of heightened security in the Gulf.
I think it's being held down by the $
Bigger picture I don't think this is a huge issue. Iran can't take on the US and it has no real backers.
It'll just screw everything up for around a week.
Sold out yesterday.
Enjoy the day. I reckon this will be mid 180's.
I don't think the event in itself though is enough for anything like a sustained rise.
She's on the rise.... 179.50
Yep, I'm back in.
That rise in Silver is too much to ignore!
Good news from China with the monetary easing.
Should be a good couple of weeks.
Pardon my sickening optimism
I've been right with this share before but this is the first time I've had the balls to back up my instinct.
I'm back in Kaz now so it'll take something very tempting (like the 5.5% reduction in HOC about 30 minutes ago) for me to get sell and get back in.
As we stand at this moment I'd want it below 170 before I buy back in. Just my view.
GLA
https://www.zerohedge.com/markets/trump-will-sign-very-large-comprehensive-phase-one-china-trade-deal-jan-15th
600 by the end of January I reckon
Ok. I've sold. I place a lot of faith in charts and we look very peaky here. I was in at 172 and out at 183 so that'll keep the roof over my head.
I'm into Kaz at 534. I just reckon there's good news to come for it and I've been in and out of it a few times so feel comfortable with it.
(this was before reading your post shareminator, which was completely logical and well written)
GLA
Now don't get me wrong 99% of me looks at the fundamentals and thinks hold.
1% thinks Trump announces the trade deal and the dollar rises on Thursday and we lose a bit of cream.
Please allay my fears.
I'm in. I'm a very simple man and a look at the 1 year chart tells me we've got at least 190 in here.
I dunno guys. I think this has got another sub 520 in it before good news around mid January on US/China.
It wouldn't surprise me if we had one more set of bad (albeit largely baseless) news.