Member Info for onedb

In my view we are re-heading for that 410-440 area , RSI 70 will fall in there and if it over heats again in my view we set a new year high say RSI 80 ish

Back in the 400s soon . My view

Sounds great Sotolo . We'll get our good targets. I do remember you posting about it a week ago about the 70k . Am too a big fan of Italy . Food and all I can buy really . Am watching gold at the minute hasn't stop rising all day ! I was going crazy when people went all doom on HOC as kept on saying the reason for gold up have not changed if anything get stronger each day . Plus I felt that a pull back was necessary but gold at 5000k is the minimum in my view in 2026

Evening Sotolo,

Chart wise it all seems bullish to me, whereas from reading the last update the RNS was clear the October was going to see higher production as M.Rosa starts to ramp up. Think 2026 is going to see HOC push higher and higher all things equal . They were rightly conservative re hedging but going forward it looks a lot rosier on that side. Anyway I held tight and added today , the pullback did annoy me but sense it will lead to higher highs . Lets see as always market has the last word

I like them too no capital gains . Music to my ears

I am seeing US 5y yields minus 5 year expected inflation down , yet people sell HOC ! Got to be the end of the world or close if people can't see that GOld is not smart to sell when real rates are falling . Use whatever floats your boat to check my statement but I can't see why gold is to be the one stock you would sell . Stick in cash please do that . I'll have the last laugh

HOC at these levels is farcical . A 200sma that has never been so high . Those fixed just on daily prices should know that whilst its good for sentiment its though more important to have a yearly price on the high for fundamentals

Gold not high enough ? Lol

Funny rules being set here , gold down HOC tanks , Gold up HOC moves up slow Yet only a couple of weeks ago Gold at 4025 took us up to 390p

Wonder if those who have sold especially yesterday are feeling a they sold way too low

Due to the many concerns have now magically disappeared and how HOC which at 4k and just below was trading at 50p higher at equivalent gold price.

Funny how the world works sometimes

HI Sotolo,

TIme will tell but I humbly and without any animosity disagree. Gold is going higher and this HOC retrace well over done. Stocks do look forward and yet despite over 200 dollars higher equivalent we are are trading 30/40p lower . We had a snippet of info for October that Mara Rosa is picking up fast. On the looking forward basis that is good and we won't need another $40m set aside . The $40m set aside was a conservative move and a one off cost .. Without that cash would have been higher and debt reduced. Plus the other item.

I tend to look at hedged and 200Ma which points up and will do so for ages in Gold . Also Silver is primed for a big move up too. You normally don't gold down with a ratio gold to silver so high.

Was reading today that US debt is up by another trillion. I think that no matter who is in charge , nobody is tackling costs and as solution they usually only increase tax.( which is failing and always has so its funny ) So till that mentality prevails my hedge will stay gold .

In the end market will do what it wants so ours is just a polite conversation :-) Plus we are both Long here .

Last time HOC traded at today's close gold was at roughly 3850 as I type 4075 . Bit of a disconnect

Also we were waiting for news on Mara Rosa revamp we now have some snippets of October and that seems to have ramped up a lot . I took that as a big positive . Market so far not it seems

So not sure why we get these over reactions but they are common over the years , nevertheless overaction it is . Both UBS and Barclays upgraded HOC to 500 only last week so their analysts would have had a good dig into the company .

Might top up if I can tomorrow . Why not ? The realised and all in cost have quite a big margin already at almost 1000$ below market price and as they can start to realise at closer to market value going forward . Seems to be that the upside prevails . I don't mind the bearish 2 days reaction all things equal and after reading the RNS

Also the precious metal retrace was healthy in my view but the main trend and theme haven't changed overnight . Money supply and fiat currency debasement due to excessive national debt have not vanished in the last 2 days nor improved. So over to Mr and Mrs Market to what happens in the next few weeks . My 2 cents is that nothing other than profit taking or leverage retail gold and silver retail traders getting panicky .

So we see the one off costs re Argentina which is cautious . Without the 2 items debt would have even decreased . Given the ramp up post Sept 25 and the news of strong October in Mara Rosa there is good reason to look forward as they state . Hoping those hedges on gold drop off too

Some madness going on . Time to focus on something else today as making sense of it all is just not possible .

The funny animal spirit of markets. Gold in the mid 4200s and Silver hovering around the 50 mark and Hoc down over 10% from its recent highs lol

A classic over reaction. Classis as those selling will then end up buying in the mid 400s .

Sotolo good evening;

The multiplier effect in my view is big , Cost X Returns Y to make it simple lets call it Margin Z , this margin is what is increasing fast and faster than the gold rise in % terms . Miners are leveraged plays on Gold . But agree lets wait and see . The principal is that gold miners are currently going to see big rises all things being as they are as margins are supposed to be flying. The snag as you say is production . Am long so obviously wanting the news to be good .

I haven't had a chance to look at UBS and Barclays both analysts who are very well rated have HOC at 500p Would be interesting to read the rationale

And today we see Silver and Gold back up a lot , yet stock has so far been quiet . In my view free cash flow creation here is very undervalued and some players react at a minimum whiff of volatility . But its good Weak hands passing stock over to stronger ones. Been in this since 91p and at 100 200 300 400 all the same story , watch 500 etc

At least in my view let me explain why .

overreacting today, in my view.

Put loosely, HOC is effectively printing money at current gold and silver prices.

Yes, mining stocks have performed incredibly well recently, but the free cash flow will show a massive

surge far greater than the stock appreciation .

In short, fundamentals have far outpaced the rally, leaving HOC even more undervalued than before.

Just my view . Barclays and UBS both now seeing 500p as the target price . I Suspect both will see 500 smashed

Never fails ! Gold up 0.5% and share barely moves , gold down 2% and we drop 5/6%

When the basics have not changed / US real rates, and the macro outlook . Weak hands as always on these stocks help the bigger guy. ;-) Thank you The story repeats over and over , year in year out

What next ?

I was looking at my next target and some brokers target just recently updated

I have 457 . Canaccord 465 ( yesterday ) and Barclays 500 ( 4 days ago) . Brokers have upgraded quite a bit their forecasts . Whereas my target and Canaccord are quite similar and can easily be reached next month or 2 i think 500 is for q1 2026 , My own view no advice as always .

Given gold and silver are still very under allocated my managers out there, I suspect that I won't have much of a chance to trade this and hope for something lower but instead add on dips if they come again . Lets see as I'd like to see 500 .

That this very oversold situation is finding its bottom . Strange in a way as no insane tax is applied now . Brent / oil will rebound too later on . Tucking some away now for a 12 month view of doubling