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However like Hochschild the last update showed some good signs for this year as a recovery. When one factors in that rather than looking at the Silver/Gold prices every five minutes, if one looks at them over the year then the Silver price alone is for this past year now up 69% plus - When a miner has its main product of production go up in value by so much what is going to happen to profitability compared to last years figs? errrh this must be a strong buy!!

As you say DK I can't wait for the update when we look at the Silver price rise over the year. Too many are looking short term and on almost a by minute basis. I say invest and let your funds wait for the longer term rise which will come. Almost all shares particularly in the mining sector are cyclical. Today I see the price of precious metals was up, then levels out and now is rising again as the NY markets take the Cherry off the cake!

Hi Dk, yes I too was just thinking of that. ie. The last update we had from Hoc was improved production expected with a come back for 2021, and I have not seen like you anything contrary to that last production statement. If we add in that Silver prices in London are up a whopping 69% on the year the next report will be a good one. That is why I have retained and in fact topped up with some more HOC for both my wife and I. Good luck to you as well.

Comex now moving ahead of spot prices for a more longer term sustained recovery. Once the Western markets open up across the Pond what with the cypto's now under fire by the NYSE we should see some upward draft! I am lucky in that I am also in Fres and Centamin anycase. So today I am well ahead but am prepared to wait a few hours for us to catch up. As we did last week once HOC starts moving it could be fast! Fingers crossed and good luck!

https://www.mining.com/web/china-opens-its-borders-to-billions-of-dollars-of-gold-imports/

see link from mining.com. Demand for Gold increasing.
https://www.mining.com/web/china-opens-its-borders-to-billions-of-dollars-of-gold-imports/

Bloomberg reported Friday the next week could prove to be one of the best for Gold for a long time. I also see mining.com report the Chinese Govt have approved an increased order of Gold over recent months as they now come strong out of the pandemic and demand is returning. See link :-
https://www.mining.com/web/china-opens-its-borders-to-billions-of-dollars-of-gold-imports/

Agree Rookie we are starting to respond quite rightly. The last time we had a sudden increase in Gold at this rate Centamin rose to over £2 a share! Fingers crossed for a rise of some significance. If not we have a very good divi coming too!

Gold charts now vertical upwards and climbing fast increase today accelerating up by 2.65% and increasing as we speak.
Something is definitely going on here. We are just starting to move up and expect this to move up fast this afternoon once the Canadians come on board. By the way I saw ABX " Barrick rose up yesterday between 4 to 5% and so we are looking very cheap to them now! They also have very similar interests to consider outside of Egypt with Centamin as well as in Egypt where they have certain exploration rights! -We should see a response later on more than one front!

Looks like a good time to come in here whilst the price is still level pegging as this will not last! Fres are also on other World
markets and the reddit traders loved this stock last time when the NYSE woke up! Could be interesting later.

Hope the Reddit boys see this one as a bargain as London is very slow to react.
Silver up 3.27% and rising fast with Gold now up 2.50% and rising. Could be a good afternoon - fingers crossed!

Yes agree Its looking like a good time to be back in here. Perhaps RF should be congratulated with a Stella deal with the Welsh Pubs as they are coming out of lockdown sooner than most. He has used his Brains! If foreign travel is restricted as expect and more stay to sample the Uk then Marstons will do very well in the second half of the year to start clawing back some money big time.

How many other companies can offer that at the moment. I have a feeling once the analysts see the potential we will be receiving upgrades in the rating very soon. Once this happens and if fund managers want an income where is to look! I am surprised we have not shot up, but we should respond later I am sure. I am not so sure any shorter's will be happy as the upgrades come in if there are any stupid enough to go for a comp with record profits and cash USD300M Plus cash in bank!

You were both right Steve and Mr B.
Growth helps us with Gold a commodity and hence increased demand. Also a currency and inflationary hedge. However listening to Bloomberg this afternoon they said yield rates were down so this appears to help at the moment too. So low rates again helps growth and increased money supply = lower dollar = increased Gold price too. I also see a race to expansion here with the USD V China economies growing competition which will help us too . China
For Burkina Faso remember many are fearful to tread there after the Gold ex's being picked upon by terrorist groups (do I remember right that some very senior Endeavour execs were killed) - So I am not sure of how the political land lies at the moment but it does seem there is a resource there for later even if we have no presence on site for the time being.

Hi Sotolo - yes something I had not forecast was competition between the two biggest nations of the World to get their own economies coming back faster than the other. I seriously think there is a race on now with China to the USA needs get the USA economy accelerating faster than the other and vice versa. I like this race we should do well from both sides as the competition heats up!

Precious metals have responded very positively. Hopefully will now give us a new upward path.

Just what we needed. We should now be more ambitious with our pricing going forward as the markets react very positively to expected increased demand in the USA and recently the Chinese economy showed increased growth - the race is on!

& Gold and Silver have reacted very positive to this both now very much in positive territory. Those hoping for a fall will be bitterly disappointed as we should follow up in the morning if the far eastern markets when they open follow the West lead. They usually follow the Chinese economy moving up so they should respond positively which will help us further. Glad the markets are as ambitious as my posts have been - makes it all worth while.

For today Market awaits every announcement but many analysts now suspect a movement back into traditional stocks having over done the recovering stocks in recent months. No one knows what can happen to Gold but it also has as pointed out to me yesterday a growing industrial usage being one of the best electric conductors known to man. It is also used with Silver in the Medical and Scientific industries for its cleansing uses when talking of equipment. Over the year Inflation likely to fly once it gains momentum and anyone who is thinking today and tomorrow Gold is done may be mistaken. Centamin yearly announcement and divi expected soon to keep interest in this share. Good opportunity for income and growth at this level. IMHO.

Carry on Fed even though Silver/Gold level pegging today we are up yr on yr 120.93% Silver, (that's 10% further more yr on yr than yesterday in a day) and Gold is now up 17.23% year on year. i.e. More return than most other investments at the moment lets be honest and yet some worry about rising yields. If they give a 121% increase year on year commodity rise I am happy!