Re: STRONG BUY : Data due 13th October We'll have to see what the Chinese when their market opens late tonight.
Re: STRONG BUY : Data due 13th October In the 3 months since July silver price has fallen significantly so don't expect anything better also last time gold and silver prices were at this level HOC was 160pI'm expecting a massive correction in the mining shares prices up until the Fed rate rise in December.Everyone is still way to bullish it's going to end in tears and I shall be loading back up just as they all turn bearish.Be careful and use your head.
STRONG BUY : Data due 13th October HOC's Q3 mining production data is due next Thursday, 13th October. The shares soared 25% in a week when the Q2 mining production data was released in July!
STRONG BUY : strong week ahead? Hochschild fell temporarily this week because gold and silver prices were manipulated down.The manipulators took advantage of the week long China bank holiday to manipulate precious metals down, China being the world's biggest consumer of physical gold and silver. China re-opens on Monday 10 October and significant buying of physical gold and silver is likely following the price falls of this week.This will obviously boost the HOC share price, possibly significantly.
Still targeting 380p by end October! MasterInvestor 03/09/2016:"Hochschild Mining (HOC): Broadening Triangle Targets as High as 380p......The rise and rise of Hochschild Mining so far this year has been as powerful as it has been impressive. The latest phase of the climb started at the beginning of June, which is where the present broadening triangle has its support line running just below the 50 day moving average at 250p. The likelihood now is that provided there is no end of day close back below the 50 day line we should be treated to a new, significant leg to the upside. The favoured destination at this point is regarded as being the June resistance line projection at 380p on a 1-2 months time frame. A clearance of the 10 day moving average, at 274p currently, would be a decent momentum buy trigger for cautious bulls."[link]
Re: HOC A STRONG BUY - 380p October? I am not sure that will hold this time silver is down to $17/oz now and o feel we will get a capitulation panic washout very soon taking the price to as low as 160pAt this level in on the 21st of June Hoc was 150p a share watch out belowhope im wrong but stops are in place.
Re: HOC A STRONG BUY - 380p October? not so strong buy today in three days lost 50 points going down to £2.40 level
Re: HOC A STRONG BUY - 380p October? Dont forget last time gold was at $1267 HOC were 160p so plenty of downside risk.I see nothing for the next few months that will cause PM prices to rise with the FEDs December rate hike on the cards.Im looking to top up at much lower levels im not a buyer here will just hold what i have perhaps top slice if 240p fails
HOC A STRONG BUY - 380p October? Hochschild has fallen temporarily because manipulators have taken advantage of the week long China bank holiday to manipulate gold and silver down, China being the world's biggest consumer of precious metals. Good opportunity to buy HOC low in advance of HOC's Q3 mining production data due next week. The shares soared when the Q2 mining production data was released in July.
Nasty pullback Set your stops at 240p the next few weeks will see a nasty pullback as the POS falls back to $16/ozThere is weak support at 220p stronger support at 200p but if things get really bad then we could fall all the way to long term support at around 170p and the 200day MAHold on to yer hats
380p October? MasterInvestor 03/09/2016:"Hochschild Mining (HOC): Broadening Triangle Targets as High as 380p......The rise and rise of Hochschild Mining so far this year has been as powerful as it has been impressive. The latest phase of the climb started at the beginning of June, which is where the present broadening triangle has its support line running just below the 50 day moving average at 250p. The likelihood now is that provided there is no end of day close back below the 50 day line we should be treated to a new, significant leg to the upside. The favoured destination at this point is regarded as being the June resistance line projection at 380p on a 1-2 months time frame. A clearance of the 10 day moving average, at 274p currently, would be a decent momentum buy trigger for cautious bulls."[link]
Hochschild shares up 20% in September. October should be even stronger with Hochschild Mining Production Results due on 19th October.
Hochschild: 700+ on the cards for 2017? Posted by Johntrustee on the advfn Hochschild board on 16 September :-- "HOC's PE ratio is 6.5. This is compared with an average of 16 for the FTSE 250. Some of the miners have PE ratios of about 25. It isn't being too optimistic to predict a 146% increase in HOC to bring its PE ratio up to 16, which would mean HOC at 627. This would be based on recent financial results. In fact we know that the company has made great gains in production and profitability and future figures will show it. So provided that the price of gold and silver remain at present levels then 700+ is definitely on the cards for 2017. If there is any sort of geopolitical crisis it could go much higher."
Re: JP Morgan: HOC shares Recent share price movements seem very closely correlated with changes in the prices of gold and silver. Whatever the long term situation may be the prices of both metals seem to be treading water at the moment and in consequence we seem to be stuck in a 250- 80 pence price band at the moment. Has anybody seen any recent forecasts of gold and silver prices that suggest this is likely to change soon?
JP Morgan: HOC shares "inexpensive".... Selftrade 16 August 2016.... "JP Morgan said on its revised forecasts HOC is inexpensive versus peers"....[link]