Golden Prospect Precious... Share Discussion Threads

[different world] 30/4/2024 06:56

This article, although a couple of weeks old, has been (almost) replicated today on the front page of the Daily Telegraph, about China's constant gold buying.

This time though, they have linked it to a real threat of a war with Taiwan, which in itself would give the gold price a sharp boost upwards.

Add the current turmoil to the BRIC's countries determination to send the US$ into eventual extinction and the days of $2,000 gold are gone forever in my view.

An interesting little read:-

[papillon] 28/4/2024 21:41

"The View From The Montana Log-Cabin As Gold Corrects, Sort Of, Whilst Clouds Gather"
By Nigel Somerville | Sunday 28 April 2024

"Gold closed the week at $2,337 having corrected back from last week’s $2,391. But after testing $2,300, it drifted north again. Meanwhile Gold stocks had a better time of things, almost back at recent highs as can be seen on the chart of Gold VS mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers)."

[different world] 28/4/2024 21:13

Just keep on buying.

[davebowler] 27/4/2024 18:24

https://www.msn.com/en-GB/finance/other/is-it-time-to-cash-in-on-the-gold-rush-mining-stocks-could-provide-a-glittering-opportunity/ar-AA1nJGPs?ocid=sapphireappshare

[papillon] 27/4/2024 15:58

"Gold Price Forecast – The Bull Run in Gold Miners is Just Starting"

"Key Points:
After years of going nowhere, gold launched into the next stage of its bull market.
While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run.
Gold and silver miners have underperformed the metals for years - recent evidence suggests that may finally be changing."

"Gold Monthly
The monthly gold chart confirmed a major breakout, and we think prices could test $3000 in 2024. By 2030, we see prices trading over $8000."

"Conclusion
The gold bull market is in full swing, and sub-$2000 prices may be forever in the past. Gold miners are on the move and have a lot of potential. Silver could rip to the upside once it gets above $30.00.

AG Thorson is a registered CMT and an expert in technical analysis."

Some nice charts (the Gold monthly chart is a log chart). The article is well worth reading. This guy knows his stuff.

[king_baller] 27/4/2024 14:26

Republic First Bank officially collapses and seized by regulators. Banking crisis to recontinue… Should kick off westerners buying gold and gold miners. As the gold move so far has been almost exclusively Eastern central bank buying from what I can gather. The West have been net sellers of gold.

[bitgold] 27/4/2024 13:24

You are all raising some interesting points here, like I had no idea Newmont reported bigger profits, explains the rise in GPDP.L. I have been a fairly large (by my standards) investor in GPM since 2014, on a likely repeat of the 1970s gold story. Suffered along with most of us, but managed to cash out when the discount disappeared during Corona, just wish I had sold them all. Anyway, I see value again, especially with the hidden value of those warrants at 36p come November and have bought in at 24p and 32p.

[different world] 26/4/2024 16:25

These have an eventual £1 written all over them.

Anyone selling (or not buying for future multi-bagging) is missing out.

The discount now is 30%, I think the all-time record was 35%, so if gold holds at these levels or moves higher, we're due a massive bounce.

[papillon] 26/4/2024 11:35

"Gold at the highest probability of a 'melt-up' since the 1980s, but don't rule out 10% corrections – Jared Dillian"

Watch video: 'Gold to Outperform Bitcoin' in year of Geopolitical Mayhem.

[papillon] 26/4/2024 11:35

👍 wskill

[wskill] 26/4/2024 11:29

Thanks Pap after Fres xd sold all at a decent profit , increased GDXJ and GDX getting too old now for single company shares I have a few left but will sell them as well when a profit is sighted.

[papillon] 26/4/2024 11:18

Thought you might be interested in the following link, wskill, seeing you're a shareholder:

[king_baller] 26/4/2024 10:18

GPM’s 4.5 percent holding Mag silver is up almost ten percent in the pre market after it’s update last night.

[jester jim] 26/4/2024 09:23

hilarious to see commentators in the US finally waking up to the idea that stagflation may be here... A $1,350 finish for gold today would be very positive and keep the consolidation theme at these levels in tact.

[different world] 26/4/2024 07:58

Should see 35p offer at some stage today.

[papillon] 26/4/2024 07:52

Good start to the day for Gold & Silver.

[888icb] 25/4/2024 16:11

Newmont (NEW)up 8% on better than expected profit and production. That has to be a good omen for gold companies yet to report.

[papillon] 25/4/2024 16:07

Gold & Silver rise whilst the GPM share price falls! 😂 You couldn't make it up! 🤣

PS GDXJ is up today.

[king_baller] 25/4/2024 15:47

Good USA data for gold today. Lower than expected gdp, higher than expected PCE. I expect gold bull market to continue.

[papillon] 24/4/2024 17:17

free stock charts from uk.advfn.com


This Gold price candlestick Ichimoku chart is still Strongly Bullish. The brown line on the chart (the highest support line on the chart @ circa $2290) acted as intraday support yesterday.

[papillon] 24/4/2024 16:23

Nice bounce back up in the Gold price.

[different world] 23/4/2024 21:12

Let them sell. I quite like buying 41p for 32p, or £1 for 76p.

[rougepierre] 23/4/2024 18:27

£1.10 or 31.85 look stupidly cheap...

NAV 41.46...

Are these people just panicking unnecessarily when gold and silver go down...?

23% discount at the Closing price of 32...

Bonkers!

[papillon] 23/4/2024 15:53

"Gold near session highs as U.S. new home sales spike 8.8% in March"

[papillon] 23/4/2024 15:18

"Gold prices pare losses as U.S. flash PMI shows weakness in manufacturing, service sectors"