Golden Prospect Precious... Share Discussion Threads

[robo21] 04/10/2016 17:18

Any ideas of support levels ???
If it drops thru 1250 and USA starts to tighten I can't pick a bottom ?

[robo21] 04/10/2016 13:33

Down methinks.

[brucie5] 30/9/2016 14:27

Readying for the next leg upwards?

[eeza] 27/9/2016 17:54

At a bid of 47p & Nav at 56.26 - I make the discount to be 16.46%.

[davebowler] 27/9/2016 16:44

c.20% discount to NAV ;
26/09/2016

The unaudited net asset value (NAV) of the company
is noted below in pence per share.

Pence per share
Golden Prospect Precious Metals Limited 56.26

[bamboo2] 27/9/2016 16:41

Thanks dd. I didn't know about opex today. Should have guessed, near the end of the month etc. As you know, I am a nervous holder until $gold decisively breaks the red line.

[dilbert dogbreadth] 27/9/2016 16:25

options expiry.

i think PM shares are holding up well.

[bamboo2] 27/9/2016 16:19

Sold again for a small profit. $gold, DXY and HUI not playing ball.

[bamboo2] 27/9/2016 09:06

b/o=Breakout. ie Breakout of the trendlines that form the chart pattern.

Another term for this kind of chart is Coiling, like a spring.

[terry barnett] 27/9/2016 08:56

What is b/o?

[bamboo2] 27/9/2016 08:48

The Dollar Index[DXY] is often seen as the inverse of $gold. Since early summer the Dollar Index [UUP is the DXY ETF] has been making a Symmetrical Triangle and/or an unconfirmed H&S.

Based on averages, Bulkowski has figures that suggest a b/o happens around 73-75% of the length of the triangle, which means a b/o, one way or the other could be soon.



edit, have updated chart. Accidentally deleted old one from cache

[bamboo2] 26/9/2016 14:25

mf, Good sound rationale.
Been busy elsewhere and not noticed, thanks for the post
ps have seen the sec request, will look later.

edit, added. DXY looking weak

[mad foetus] 26/9/2016 14:17

Topped up my traders. Gold over 1340, sterling looking weak, US debate tonight, lets see what happens from here.

[stevieweebie2] 24/9/2016 09:54

Lol.Still, wonder why they felt they should sell, in this climate at this time. Curious

[dilbert dogbreadth] 24/9/2016 08:48

Poor old South Yorkshire pensioners

[greenrichard] 23/9/2016 23:00

August factsheet

[greenrichard] 23/9/2016 22:59

The big seller was South Yorkshire Pension Authority reducing from 6.2% (originally 8.6%) to under 3% (possibly zero)

[bamboo2] 23/9/2016 09:19

mf, good trading.

$gold price knocking on the upper trendline [red] overnight. Need a close above approx 1350 to break this resistance. See chart earlier in thread.

[mad foetus] 22/9/2016 16:09

Sold my morning purchase for 48.5. Still have some long tee holding. Gla

[llef] 22/9/2016 15:53

nice pop up this afternoon

[professor pettigrew] 22/9/2016 15:03

Almost priced for Armageddon.

I expect the discount to narrow quite sharply over the coming weeks.

[bamboo2] 22/9/2016 15:01

Added. Near term target min 49.7

LM, Bulkowski reckons Flags and Pennants are short, less than three weeks or 15 sessions. Beyond this they become triangles,channels or rectangles. Are you aware of any particular rules or limits?

The current GPM 'Flag' is now getting beyond Bulkowski's definition.

I calculated the above target treating it as a Symmetrical Triangle.

[eeza] 22/9/2016 14:55

Remains at 20% discount.

[llef] 22/9/2016 14:40

NAV over 57 now....

[wizard7] 22/9/2016 13:45

Let's hope the seller is pleased with their profits and doesn't wish they had stayed when they see this get up to new highs shortly. hmmm..hmmmm..hmmm