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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Golden Prospect Precious Metals Limited | GPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 1.37% | 37.00 | 12:41:47 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 36.50 | 36.50 | 37.00 | 36.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 19/5/2024 15:50 by papillon Good article. Well worth reading. If you read any article, read this one!"Multiple catalysts are supporting higher metals prices" The parallels with the '70's is also mentioned in the article!! Do read the whole article. "Stagflation fears have investors rotating into gold to capitalize on the biggest macro themes driving the markets. After Q1 economic data has rekindled fears of 1970s stagflation," "Recent data showed global demand for gold has never been stronger, while the shift from the west to more eastern demand began not long after the UK "Brown Bottom" in 2001. In the first quarter of 2024 central banks bought 290 tonnes of gold, the biggest start to any year on record." "Brown Bottom" 🤣 |
Posted at 16/5/2024 13:08 by papillon The GPM share price has performed very badly compared to the Gold price peak of 2020 when the GPM share price hit a peak of 72p. Why? Well the discount of the share price to the NAV has gone from a tiny premium to a very wide discount. However the main reason is that Gold & Silver miners are completely out of favour with investors. However that has started to change |
Posted at 14/5/2024 23:21 by papillon "Western gold investors watching the Fed while Chinese demand dominates the market - Natixis’ Dahdah" |
Posted at 09/5/2024 15:45 by m24xp Latest from dailygold 'Get more bullish on gold and gold stocks'Do GPM/NCIM ever do any PR to make themselves more widely known to investors? Because currently there is clearly very little interest in it hence the large discount and wide spread. |
Posted at 08/5/2024 13:01 by papillon "Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says""The stock market looks poised to fall from its extreme heights, legendary investor John Hussman said. Hussman said the stock market is mirroring the extremes leading up the 1929 crash. A market crash as steep as 65% wouldn't surprise him, he's said previously." |
Posted at 08/5/2024 07:03 by different world This is a total must read. The oft quoted $3,000 gold and GPM at £1 could look laughable after studying this.Reported this morning that worldwide total debt is now $315 trilion and rising around $250m every day. The world cannot continue to print bog-paper fiat currency and borrow ad infinitum, which is why central banks and in particular China are buying and holding gold on a massive scale. The trend towards speculators and investors now calling for the physical instead of the paper comex nonsense is growing. The squeeze is on and the fun is only just beginning. If this doesn't make people here want to add massively to their GPM positions for huge gains going forward then nothing will. A compelling read:- |
Posted at 19/3/2024 13:14 by papillon 👍 arbus5000. I wonder why they don't trade in GPM? I remember last year that interactive investor suddenly stopped trading in GPM shares. I contacted the GPM fund managers and they sorted the problem. Evidently their "agent" hadn't passed on necessary information to interactive investor. Once that was rectified interactive investor started to trade in GPM shares again. |
Posted at 05/2/2024 12:50 by papillon The EMA's on my longer term Gold price chart turned strongly bullish at the start of 2023 so I started buying GPM shares even though the EMA's of my longer term GPM chart remained strongly bearish. With the benefit of hindsight that was a mistake. My longer term GPM chart has remained strongly bearish. Why? Because junior Gold miners are out of favour with investors and have been for sometime. I should have waited for the GPM chart to show signs of bullishness before buying. That will only happen when the Gold price finally takes off and breaks out above $2100 and starts heading for $3000. When that happens junior Gold miners will again attract the interest of investors as a geared play on the Gold price and the "herd" will start buying them again. |
Posted at 01/12/2023 10:36 by different world I think investors are missing the story here.1. Equity markets, particularly the Dow/S&P are now overvalued. Both indices are well up this year, and this ahead of a certain recession next year. People seem to be chasing up the market in the US, and likewise at the moment in the UK, for no sane reason. When it finally cracks, a "santa rally" notwithstanding, there will be a torrent of cash looking for a home. Some of that will go into gold and silver. 2. Three wars currently raging around the world, Israel/Gaza, Ukraine, Yemen - are all in the end inflationary. Reconstruction, particularly in Gaza and the Ukraine will have to be paid for. More borrowings, more money printing, more eventual inflation. And a recession to boot. Investors will then run scared and want a home for their money. Some of that will go into gold and silver. 3. Central banks continue to buy and keep gold. China bought over 100 tons last month alone - we are coming into another buying season in Asia also. There is a recession on the way, and those same central banks who have been buying gold in large quantities for the past 18 months or so and continue to do so, will eventually be forced to slash rates to stave off the same recession they are causing now. When rates start falling, probably within the next four months or so investors will start looking for homes for their excess money. Some of that will go into gold and silver. 4. As far as GPM is concerned, we are offered currently at around 28.5p. Our NAV is around 35p, we have a gearing of around 17-20% and our portfolio is just starting to come off rock bottom as far as valuations are concerned. The words "coiled spring" come to mind here. |
Posted at 06/11/2023 14:15 by papillon You're just stating the obvious, FABIUS1. Junior miners are always high risk hence the attraction of GPM & GDXJ because the risk is spread across many companies.Junior gold miners will only become attractive to investors again when the gold price makes new high and investors believe that the gold price will continue to rise. You could be lucky and the GPM share price could drop back to below 20p. Will it? Who knows? It depends on the gold & silver price and investors attitude towards GPM. Things we have no control over. I'm hopeful that the gold price will breakout of the bullish ascending triangles that my charts indicate. I'm hopeful that the breakout will happen before the end of 2023, but if not before the end of 2024. 🤞 as always. |
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