Golden Prospect Precious... Share Discussion Threads

[professor pettigrew] 31/8/2016 11:45

It's very simple. Just buy the dips.

If you believe the gold story, then over the next 3 years these are a steal.

I believe gold will reach $3000 by 2020 and these will be trading at £5.

IMHO and DYOR, but everything points to my being correct.

Short-term though, we will go below $1275 and 40p. That's the time to shovel these up.

[eeza] 31/8/2016 11:39

How about 44.5p.

[chinese investor] 31/8/2016 10:24

How about 46.5p ?

Professor Pettigrew (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[highly geared] 31/8/2016 09:05

NFP numbers on Friday are key. Another good set of numbers may see rhetoric of a September rate rise reach fever pitch or at least signal a December rise after the elections is nailed on.
Gold likely to be under pressure short term.
A European bank failure however will do the opposite...

[terry barnett] 31/8/2016 08:37

Agree bigdazzler. After the inverted H&S was expecting it go to around 1280.

[bigdazzler] 30/8/2016 22:01

I was thinking gold to retrace to 1300 or on a deeper retrace 1250.

They are scenarios I'm taking into consideration at moment.

[brucie5] 30/8/2016 19:34

55.33. Patience being tested.

[highly geared] 26/8/2016 15:42

Just in for 35k. Yellens speech a non event and the market sees a December rate rise at worst. Miners bouncing, silver/ gold have whip sawed but look good for another push upward. Expect GPM back above 50p in short order as npv moves back toward 60p.

[scottishfield] 26/8/2016 08:55

Yes, great buy currently @ this price imo Gymratt; Edit, just got some (more)

[gymratt] 26/8/2016 08:52

48.375p is the 'buy' price at the moment, showing as sells on the trade page.

[chinese investor] 25/8/2016 20:06

How about 48.5p ?

Professor Pettigrew (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[professor pettigrew] 25/8/2016 19:55

I'm just quite happy to add a few on each dip, be it 48p, 50p or 55p.

The long-term here will see this break £5 by 2020 as gold tops $3000 per oz.

[eeza] 25/8/2016 13:33

Inv H & S at NCYF, Bamboo?

[bamboo2] 25/8/2016 13:16

Confirmed H&S targets 1279, triangle apex nails the price turn, again!

[bigdazzler] 25/8/2016 10:22

My target for adding is around 42p. If we don't pull back to this level so be it.

[stevieweebie2] 25/8/2016 09:53

Back in at 48, rather be in that out, happy with that.

[stevieweebie2] 24/8/2016 17:00

Nav late coming in.

[dilbert dogbreadth] 24/8/2016 11:08

yes 48-49 area looks good

[stevieweebie2] 24/8/2016 10:59

Sold half my holding at 55 the other day, have been waiting to buy back ever since, almost pressed this morning but looks like its got further to go, will certainly buy back when I think its somewhere near a short term bottom.
no doubt I will be away from my desk and miss it as usual.

[terry barnett] 23/8/2016 13:57

Topped up.

[dogberry202000] 19/8/2016 11:27

bamboo2 I think you nailed the drop to 42p. That was good'un!

[bamboo2] 19/8/2016 10:13

dog, thanks for liking the charts. A bit messy, but I find them useful.

The apex of the Falling Wedge marked in dark blue could show a potential turning place in the price. A shame it is so sharp, as this means the precise timing of the apex is hard to pinpoint. I have had very good results using these apexes to help time trades.

edit, 21/08, looks like the apex based price turn is Wednesday 24 or Thursday 25 2016. Direction dependant on prior price movt. so watch next two or three sessions.

[dogberry202000] 18/8/2016 22:17

You're right, bamboo2, the PM stocks have been waiting this time for Gold to lead the next break out (or break down.) I like your charts.

I've been waiting for the Dollar to sink under 100 and to stay there.

USD/JPY 99.94 +0.05 +0.05%