Golden Prospect Precious... Share Discussion Threads

[dilbert dogbreadth] 28/7/2016 09:54

that rsi in the chart above looks a good buy signal below 30 doesn't it.

[davebowler] 28/7/2016 09:47

And we're off again.

[dilbert dogbreadth] 27/7/2016 20:11

Bumper day tomoz. Maybe 50p

[dilbert dogbreadth] 27/7/2016 16:45

marc faber as well

[davebowler] 27/7/2016 16:32

Mention of Gold Miners by a star fund manager-

[mad foetus] 27/7/2016 14:59

I don't disagree Brucie. There are lots of reasons for buying this: I was just pointing out that you don't need to be particularly bullish on gold to do so - it makes sense purely as a leveraged diversifier. There are huge uncertainties in the world and markets at the moment and I think anyone putting all their eggs into any one basket is taking a risk. But although GPM has had a strong year, gold is still 30% below its peak, miner's costs are much lower than before and the discount is wide.

[brucie5] 27/7/2016 14:53

mad foetus 27 Jul'16 - 14:49 - 316 of 316 0 0

This just looks to me like a very good insurance holding/portfolio diversifier.
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Well, you may be right. But equally you may be aware that over the last six months we have seen the nadir of the pm cycle. The move back up way well be for several years, and surpass previous highs. Way to go.

[mad foetus] 27/7/2016 14:49

This just looks to me like a very good insurance holding/portfolio diversifier. At the moment it makes sense to have at least a 5-10% allocation to gold and the discount here plus the leveraged nature of miners mean that if the market has a major wobble, a 10% holding here may well more than cover the falls in the other 90% of your portfolio.

[anthony16731] 27/7/2016 14:45

Load up & wait. Load up.

[dilbert dogbreadth] 27/7/2016 14:42

time to play catchup

[brucie5] 26/7/2016 20:59

So long as the bull market persists, its seldom wrong to regard each retrace as a buying opportunity, even if you choose to trade a bit at the top of each echelon. This is a difficult one to trade though, on account of the spread and number you can sell easily. 80 would be nice for September, given my last buy price was 19.50 in January.

[dogberry202000] 26/7/2016 15:40

Added at slightly higher levels because I didn't want to miss the train and twice again today. Don't really expect any real movement until after options expire tomorrow on the New York exchanges. GPM is a gift at this price. My early September target remains just above 80p. But then again, who really knows.

[brucie5] 26/7/2016 14:54

I'm kind of assuming this is the bottom of the current tread in the up staircase. Next high should be c. 30% higher, at around 54/55p?

[panic investor] 22/7/2016 12:44

HOC RNS was production figures which were excellent (I Hold) - their results are our in August - expecting some cracking ones imho.

[dilbert dogbreadth] 22/7/2016 12:19

good results from ACA today and Hoc yesterday all bodes well for the results of all miners going forward.

[bamboo2] 21/7/2016 16:45

dilbert, agree, while at first glance there looks to be a majority of sells, I think some trades marked as sells are buys, mine included.

Is the discount widening?

[dilbert dogbreadth] 21/7/2016 16:35

Yes Nav well above here and will be higher tomorrow.

[brucie5] 21/7/2016 16:32

52.55. Looks like tumbling all the way to 40. Great top up opportunity for the longer term.

[stevieweebie2] 21/7/2016 10:59

got my buy at 42 as well :o

[dilbert dogbreadth] 21/7/2016 10:05

Its not a conspiracy, the software calculates mid price and anything below that goes down as sel and anything above a buy.

[terry barnett] 21/7/2016 09:58

Just topped up and ADVFN have it as a sell!!