hopetown
05 Jan 2018
Re: RBC Capital Markets I agree.
shugg1e
05 Jan 2018
Re: RBC Capital Markets What downgrade??? HOC are only going one way and thats up as the PMs bull market is just getting started.over £4 in next 2 years
hopetown
05 Jan 2018
RBC Capital Markets Don't agree with this downgrade. Wait and see!
hopetown
23 Dec 2017
Crypto shakeout Bitcoin correction must be good for precious metals as investors seek "safe havens". IMO
Kenj2
06 Dec 2017
Early repayment of Bonds Hochschild announces Redemption of 7.750% Bonds due 2021"Hochschild Mining plc ("Hochschild" or "the Company"
announces that it has today (through its wholly-owned subsidiary, Compañia Minera Ares S.A.C) instructed the trustee to give notice to the noteholders in respect of the redemption of all outstanding Notes with outstanding principal, in aggregate, of US$294,775,000 (ISIN: US204474AA86 (Rule 144A) USP3318GAA69 (Reg S) and CUSIP: 204474AA8 (Rule 144) P3318GAA6 (Reg S)).The redemption is expected to be undertaken pursuant to Article V of the indenture and paragraph 5(b) of the Notes with settlement expected to occur on 23 January 2018. The redemption price is set at $103.875 per $100 principal amount of the Notes, equating to a total payment of US$306,197,531.The redemption will be financed through existing cash resources in addition to borrowings under committed facilities, in aggregate, of US$200 million on the terms outlined in the table below and is expected to result in a significant reduction in the Company's interest payments."$100 million BBVA/Scotiabank 1 year 1.75% (BBVA)/Libor+0.32% (Scotiabank)$100 million Citibank, N.A./The Bank of Nova Scotia 2 years (1 year grace period) Libor+0.7%Ignacio Bustamante, Chief Executive Officer, said:"The early repayment of the bonds is testament to the strength of our operations and our ability to generate positive cashflows. Also, we are now able to refinance the balance of our debt at significantly better terms thus substantially reducing interest payments and improving the financial results of the company. As guided, we continue to deliver on our strategy to reduce debt and strengthen the Company's balance sheet."
hopetown
06 Dec 2017
Re: Glittering opportunities? Article by a chap called Scott Macdonald. He has only 148 followers. I tend to listen to Avi Gilburt or Andrew Hecht. I pay even more attention to Alasdair Macleod "Gold Money" Gold Vs Bitcoin Round 3: Alasdair Macleod Explains Why It’s Important To Hold Physical GoldNovember 7, 2017 7 2553 Gold is money and Bitcoin is speculation. Alasdair says that future psychologists will have a wonderful time with the speculative bubble. Here’s why…Alasdair Macleod and Bosko Kacarevic interviewed by the Financial Repression AuthorityAnyway I am a firrm holder of HOC the rise will come, as it has finally in BLU.Long overdue in UKOG! Good Luck !
Kenj2
05 Dec 2017
Re: Glittering opportunities? "In silver, $16.76 to $16.54 is the bottom range and silver should move up to the $17.05 to $17.56 levels in the coming weekSilver Ready to RiseWe forecast that the average silver price next week will be $17.05.."Wonder what Seeking Alpha make of today's silver price of $16.10?
hopetown
28 Nov 2017
Glittering opportunities? Pasted from "Seeking Alpha"Gold and silver are both building strong bottom formations and offer excellent opportunities to go long in stocks, futures or ETFs.The gold market will probably revert back to the mean on an intermediate- to long-term basis, which projects prices in gold all the way up to $1386 to $1400.if the market does test support and you get the opportunity to buy gold at $1166 to $1044, you would be buying the bottom of the 18-year cycle.In silver, $16.76 to $16.54 is the bottom range and silver should move up to the $17.05 to $17.56 levels in the coming week.Silver Ready to RiseWe forecast that the average silver price next week will be $17.05. The first level of the extreme above the VC PMI mean is $17.27 and the second level is $17.56. The first level of demand or support below the VC PMI mean of $17.05 is $16.76 and the second level is $16.54. Going back to our October 28 report, we can see the same pattern formation; that the lows were made on the 27th of October at $16.60 or $16.61, which is the area that is serving a strong demand area all the way through this time period.We use the 9-day moving average as one filter for determining the average price for silver. The market closed at $16.99 Friday, which is above the 9-day moving average. This confirms that the trend momentum continues to be bullish.
BarCap
24 Nov 2017
Re: Will cryptos replace gold? I agree totally Mr. Millionare.There is a little chat about "Glint app" on Maneco64 today - basically an app which is backed by physical gold but can be used like a debit card.[link] wouldn't use it myself but it is interesting that gold is moving from a place to save money to a place which can be used to transact purchases also.The energy required to chemically create gold is huge - a reason why it can not be created by man ( within reason ).Bitcoin can be mined/created using many computers ( in China ) ...but I suspect it can also be mined/created with some very clever software. No technology is 100% secure. At some point in the future the bitcoin block chain will be totally compromised and the price could drop 90% overnight.The other issue is "forking". There are already "bitcoin cash" and "bitcoin gold" ( ironic ) so what is to stop someone "Forking" unlimited bitcoin xx in the future.This is not possible with gold.The main problem with gold and silver is that the price is heavily manipulated by governments with the metal exchange having about 1000 times more traded volume than physical silver exists, so this means governments can manipulate prices.I guess a "currency" on the blockchain which is backed by physical gold ( not just financial derived gold ) would be the future.The Fiat currencies all came off the gold standard around 1971 which is why they can print USD and GBP at will. It is inflationary but this is what governments want so they can "print" their way out of trouble. ( e.g. 2007/8 crisis ). Inflation allows debts to be devalued.I have a colleague who has just bought Bitcoin also - he is clueless as to what it's all about.A true sign the bubble is getting to its peak!
hopetown
24 Nov 2017
Re: Will cryptos replace gold? Alasdair Macleod's latest thoughts on this point, he's well worth a listen:[link]
Mr Millionare
24 Nov 2017
Re: Will cryptos replace gold? Bitcoin will not replace gold. Some form of gold backed crypto-currency will eventually replace bitcoin but bitcoin is in a massive bubble which will eventually pop sooner or later for the following reasons:1) Bitcoin is limited in terms of the total number of coins that will be created, effectively making it inflation proof (supposedly) but there are already hundreds of competing crypto-currencies emerging, many of which provide an improvement over the problematic bitcoin technology.2) Bitcoin is a disaster for the environment. It takes an increasing level of computing power to produce electronic digits that have zero intrinsic value. The public will eventually realise the environmental impact of bitcoin and it will become an unethical and dirty solution to the problem of fiat currency. 3) Bitcoin is in a speculative bubble. Only last night I was talking to someone who was speculating on bitcoin and other crypto's, throwing thousands of pounds at them to make a quick profit. The problem here is that he neither understood the philosophical reasoning for bitcoin or even what the blockchain was. He is purely a bandwagon speculator. This is what happened in the heat of Tulip mania. People were buying tulip bulbs without any intention of growing them, just simply to speculate on the price. I believe we are nearing the end of bitcoins speculative bubble. 4) Blockchain technology has a lot to offer the world in terms of decentralised accountability which has all sorts of useful applications, in insurance, stocks, commodities, contracts and other tokens, but as a currency bitcoin has not taken off, despite media attention and speculation. Try walking into any shop and offering bitcoin, or making your regular online purchases using bitcoin. Virtually no major organisations have yet, and will likely never, adopt it. Bitcoin is an interesting concept that has helped bring the attention of business into the blockchain, but it will not replace gold, or indeed currency. Bitcoin is as a medium of exchange has failed. As a store of value, it has no historical precedent, intrinsic value or physical backing. At the moment it is only increasing in value because of speculation.5) Gold has been money for thousands of year for a reason. It is a store of value that can be held, moved and transacted outside the system. A digital equivalent is, by it's nature, inside the system. It IS traceable and it can be hacked (if not now, soon, watch this space). In my opinion, Bitcoin will soon fall by the wayside, to be replaced by blockchain applications with superior utility and perhaps also a physically backed and redeemable cryptocurrency will use gold as collateral backing. Is it not ironic that bitcoin should choose gold coins as their visual representation?!
hopetown
24 Nov 2017
Re: Will cryptos replace gold? Interesting your comment on the limited number of bitcoin transactions/sec. Take a look at "Satoshipay" using "Iota" they are addressing this very problem.
BarCap
24 Nov 2017
Re: Will cryptos replace gold? You can short Bitcoin on IG index but it's a dangerous game.The minimum "bet" is a few grand and of course your loses are potentially limitless.
shugg1e
23 Nov 2017
Re: Will cryptos replace gold? No they are a bubble and the next one to burst im looking at ways to short bitcoinTotally worthless
BarCap
23 Nov 2017
Re: Will cryptos replace gold? I watch the daily YouTube videos frommaneco64Well informed and gathering an intellectual following.In my view gold and silver are holders of wealth and have been around for thousands of years.They are concrete and in the event of a total financial collapse will still hold value.Unless people return to bartering then a form of financial token is required.As most people are aware Fiat currencies like USD, GBP etc can be printed ad infinitum and therefore can be inflated out of existence. Bitcoin (supposedly) has a limited/fixed supply which implies no inflation/devaluation. The problem with "currencies" that increase in buying power is that no one will spend them but purely save them ...leading to a massive deflationary economy. This is why governments prefer to have an inflation rate of 2% in the Fiat world ...it encourages people to transact their cash. If the world explodes then bitcoin will no longer exist as it requires computing power and the internet, on the other hand gold and silver will prevail.My gut feel is Bitcoin is a rerun of tulips, internet bubble and housing bubble. Having said that as llong as someone is willing to buy a bitcoin at a higher price of someone else then the bubble will continue.Visa does 10,000 transactions worldwide per secondBitcoin can only do 3 ( yes three per second )....so it a "holder of wealth" not a currency to buy and sell things.I will be interested to see how it all ends ......!
