Golden Prospect Precious... Share Discussion Threads

[eeza] 21/9/2016 17:43

Yes, I know there is usually a lag.

Poor attempt at sarc was all.

Lol !!!!

[bamboo2] 21/9/2016 17:07

eeza, you missed out the bit about GBP being down and many of the holdings listed in other currencies...

I like the GPM lag. It gives me time to think. Makes up a bit for the sometimes awful spread/dealing costs.

[eeza] 21/9/2016 16:40

Gold up, Silver up, GPM down.

Makes perfect sense.

[bamboo2] 21/9/2016 16:21

papillon, one of them was definately a buy.

Just added at 45.25

[greenrichard] 21/9/2016 15:10

I bought this morning at 45.75

[papillon] 21/9/2016 15:02

"It's highly likely that the trades marked as sells at 45.75 are buys."

It looks like they actually were sells after all, bamboo2.

[wizard7] 21/9/2016 09:11

More for me too - Hi Mozy - long time waiting but I think we have finally arrived!

[mad foetus] 21/9/2016 09:03

Gold up, sterling down, top up time for me too.

[bamboo2] 21/9/2016 08:29

FWIW, I just started buying in again. It's highly likely that the trades marked as sells at 45.75 are buys. [although not all mine!] Cheers all

[bonnard] 20/9/2016 00:16

I'm with you Professor P, GPM is a great way to insure against the dangers of fiat money. And like you, I prefer to invest in a stock that can be bought at a discount.

[professor pettigrew] 19/9/2016 22:26

Sorry Bonnard, I'm calculating it the way Mozy123 has above.

Nonetheless, whatever way it's worked out, GPM are cheap whichever way one looks at it!

I cannot see any way other than up for gold over the coming years. Far too much money has been created out of nothing for inflation not to kick in soon. Paper (fiat) money is just worthless pieces of paper backed by nothing other than a central bank's say so.

Central bankers always have a propensity to overegg the pudding, so I'm looking for a gold price of $3000 and an share price for GPM of £5 by 2020.

Purely my view of course, and DYOR.

[mozy123] 19/9/2016 21:05

16.7% is the discount to NAV
20% is the gain buying stock at 45 and it hitting 54.01.

:)

[eeza] 19/9/2016 21:03

You are correct in your calculation, Bonnard.

[bonnard] 19/9/2016 20:07

Professor P, I might be wrong, but this is the way I caluculate discount to NAV.

The NAV of GPM today is 54.01.

The sell price today is 45.00

So the discount is 9.01p

As a percentage of the NAV, this is 9.01/54.01 = 0.167

As a percentage, this is 16.7%

If you look at the history of this IT, this is a normal discount.

[professor pettigrew] 19/9/2016 19:13

Back to a 20% NAV discount now.

[bigdazzler] 19/9/2016 13:21

I do agree the Fed meeting is important and will certainly be effecting gold markets presently due to its inverse relationship with the dollar.

My thoughts are no change in the rates now however further preparing the markets for an increase closer to years end.

[bamboo2] 15/9/2016 11:31

The GPM chart is a product of the gold price. The $gold chart is fast approaching a b/out either one way or the other.

There is a Symmetrical Triangle pattern formed. Bulkowski suggests that these b/o between 73-75% of their length. 75% of the length is on Monday 19th September.

edit, Highly Geared, reading my post again it sounds like I am squashing your idea of the H&S and timing, this is unintended. apols.

I do agree that there is the making of a H&S pattern, and also that the date you mention is v important.

Thanks for the post.

[highly geared] 15/9/2016 11:04

Gpm chart looks horrible ( classic H&S). Gold/ silver need to reverse strongly otherwise some short term pain here possibly. Next Wednesday is key ( BOJ/ FED announcements).

[professor pettigrew] 14/9/2016 19:09

Discount to NAV around 17%.

[professor pettigrew] 14/9/2016 19:07

Just keep buying/accumulating/holding folks!

He who dares.

2020 - $3000 gold. GPM £5.

[terry barnett] 13/9/2016 11:30

This has now gotta be the best buying opportunity.

[dilbert dogbreadth] 13/9/2016 11:18

Someone just got fleeced 48p

[eeza] 12/9/2016 13:13

MM's laughing all the way to the bank. They were selling shares at ~46.50p earlier today and now buying them back at 44p.

[professor pettigrew] 09/9/2016 21:49

Still trading around 22% discount to NAV.

Although gold has slipped around $10 tonight in the USA, already people have lined up on CNBC saying that gold is set to go sharply higher.

Theory now is we are into the Sept/Oct bad season for stocks, and a Sept rate hike is being priced in. It won't happen of course, but the only sector that will see a sharp rise in price is gold and gold stocks. The stock markets in general are headed for a correction of between 7-10%.

Not my words, but those of David Tice, Tice Capital, and some others.

We could either find gold starts moving up again Monday morning, or the expected fall in the share price here is a mere penny or two before another move back over 50p.