Golden Prospect Precious... Share Discussion Threads

[davebowler] 03/8/2016 10:14

Utilico -now UIL UTL.L is on a staggering 50% + discount to NAV with 30% ish exposed to Gold Mining -useful if you are worried about a crash-

[dilbert dogbreadth] 02/8/2016 20:24

Free had good results today.

[anthony16731] 02/8/2016 17:42

Golds rise is more often than not Dollar weakness. It's pretty much the inverse of USDJPY and that does find its way onto the NAV because it's holding shares in TSX and ASX miners which are impacted.This fund also recently increased its exposure to Silver to 40% which is a very smart move so it's not all about the Gold price here, and definitely not all about the Stirling Gold price.

[brucie5] 02/8/2016 16:43

56.87 nav yesterday. No doubt higher today, so hopefully more movement tomorrow..
90p by late September would be fine.

;)

[mad foetus] 02/8/2016 16:20

A lot of the move in the gold price today is simply dollar weakness. In sterling POG hasn't moved much, and in the end GPM's shares are in sterling.

[dogberry202000] 02/8/2016 16:08

Anthony, looks like some of the Aussie PM stocks cancelled out yesterday's rises in the US. Still, it's a good day today and we could see something approaching your NAV figure tomorrow.

I know it sounds incredible but I'm looking for a NAV figure of plus 90p by late September.

[anthony16731] 02/8/2016 13:58

NAV going to be close to 60p today.Klondex, Tahoe and Independent were all up 3-5% yesterday.That's before the huge rise we've seen in metals today...

[brucie5] 02/8/2016 13:11

Can someone please give it a shove over 50p. ;)

[brucie5] 01/8/2016 17:59

Good ole Ruffer. Believers for some time now.

[dogberry202000] 01/8/2016 17:17

Ruffer LLP added 26000 shares around a week ago. They now hold 12%.

[brucie5] 01/8/2016 16:56

56.53. Against share price 46.62.

21% discount.

[brucie5] 01/8/2016 09:44

Yes. This is really one to hold onto. It could be a little like buying a house in 1996. The only thing is, as the pms chase higher, there will be still higher beta stocks within the sector. This was the case during the .com boom, when you could either buy an IT trust for %50-100 gains, or highly spurious little outfits to pay off your mortgage in a month. No doubt there will be quite a few of those appearing. I was lucky enough to buy HOC under £1 earlier in the year, but foolish enough to take profits, then buy back, then trim back my holdings yet again. I'm not going to be touching it again, I suspect. Fortunately, the spread and available market size on GPM makes it rather difficult to trade effectively.

All that said, the market is in some areas looking quite bullish atm, so there is no shortage of interesting stories, including the tech sector, where perhaps things were oversold. My guess is that in an environment of low growth and currency depreciation, technology, where it can be genuinely disruptive, and pms offer a decent hedge. PMs increasingly, of course, looking profitable as pos/pog rises inexorably, and that will surely have a leveraging effect.

[stevieweebie2] 01/8/2016 09:20

Lovely continuation of trend.........

[hectorp] 01/8/2016 09:18

Posted by me on 7th May on this thread:
...............................
Yes, I can see gold testing that old resistance in the $1330's very soon.

there will be no june rate hike - and by end of the next quarter even fewer New Non Farm jobs in the reports.

Golden Prospect - fair name, IMO.
.....................................................
and so this is all proving.

[bamboo2] 29/7/2016 16:13

Bought a load back at 46.40. Showing as sells. Is the actual spread a bit tighter today?

[dogberry202000] 29/7/2016 15:56

Looks like US pm stocks may be waiting for London to close before running through HUI 272-3. Once through there a major move can then take place in August and September. I've adapted my target for GPM to late September.

[brucie5] 28/7/2016 17:30

54.44.

bamboo, I would personally have waited till the top of the step if I wanted to trade this. I make that somewhere above the 50p level. In this market it will always becomes overbought before profit takers move in.

[bamboo2] 28/7/2016 16:43

I sold again! I guess the profit since late last week was too hard to resist.

[anthony16731] 28/7/2016 10:26

The discount to NAV will get ridiculous here in the next few sessions. Klondex was up 7% last night in the last hour off the rising metal prices.

[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-