GatheringStorm

Gold's worst annual performance was the -14.9% it lost this past year against the Japanese yen.

I wouldn't mind betting the price of bullion coins on Japanese eBay has gone up in the last year! Anyone know for a fact if this is the case?

I listened to Friday's Financial Sense podcast on the way into London this morning (which I thoroughly recommend, BTW).

Last Saturday's Financial Sense spooked me. Conspicuous by its absence was Eric Kings usual "you've got to belieeeeeeve type rant" by which he encourages people to stay in their gold stock positions. I thought Puplava himself sounded a bit subdued as well.

They're both wealthy men who will not be ruined by this sort of volatility/end of gold bull whatever, but their relentlessly bullish talk has kept many ordinary people in gold/gold stock positions to their great cost.

This gold stock correction has made most of the newsletter writers etc. look clueless and it's positively embarrassing watching Elliott wavers trying to make sense of it all.

It'll be interesting to see how Jim Puplava on Financial Sense rallies his troops in the face of this very nasty correction in gold and even more brutal HUI correction.

He's kept me in my gold and gold share positions for years with his near religious faith in gold but even he and his fellow preacher Eric King will struggle to calm their flock now.

I always tell myself I will buy the dips when they come along but it would definitely take some balls to buy gold stocks today.

Hochschild Mining(HOC)

 

Some of the Directors have been selling. Don't like to see that. I think it is due a rest, been overbought for a while.

 

13-Nov-07 Sell Roberto Dañino 440.00p 1,725,000 £7,590,000.16

13-Nov-07 Sell Alberto Beeck 440.00p 8,500,000 £37,400,000.81

They sold too cheap! 497p now. I think this stock can smell a silver break out in the offing.

I have bought some Hochschild on the dip today at 357p. great Silver play IMOP and still very undervalued given the cash in the bank and profits they are making.

492p now!!!

I like this stock. The 4th largest (maybe larger) silver miner in the world and its profile is so low. Leveraged gold and silver action in one stock - and us Brits can buy it!!!

HOC chart looks great

 

Up over 12% since you posted!

Good write up below.

Thank you for that. They seem to be below most journalists' radar so any scraps of info. like this are welcome.

I backed up the truck for HOC during the recent shakeout and am well in the black which is more than I can say for my SLVR which has been red for what seems like months!

From the website http://www.hochschildmining.com/company/index.php

Hochschild Mining is a leading precious metals company with a primary focus on the exploration, mining, processing and sale of silver and gold.

We are the 4th largest primary silver producer*.

In 2006, we produced 11.6 moz of silver and 196 koz of gold which equates to 23.3 moz silver equivalent.

Hochschild Mining has over forty years experience in the exploration, evaluation and extraction of precious metal epithermal vein deposits.

________________________

Market cap £1.05 billion!!!

You've heard of 'em now Frizzers!

I also like Hecla.

I notice you didn't mention Hochschild (HOC.L) did they do something wrong? Just curious.