Golden Prospect Precious... Share Discussion Threads

[different world] 10/5/2024 19:58

I have no idea how it happened, but it appears that the link I wanted to cut and paste earlier (the video with Eric Sprott) is erroneous so apologies for that.

You can, however, view the video yourselves on YouTube - but the links appear to be duplicated.

The title is "Today's key factors influencing tomorrow's precious metals markets" - Eric Sprott, so if you type in the search box "Eric Sprott latest video" or "Sprott Money" you should be able to locate it..

[toffeeman] 10/5/2024 17:00

If this keeps going the subs will be a tasty extra

[papillon] 10/5/2024 11:54

PS Much appreciated, atlantic57

[atlantic57] 10/5/2024 11:51

Pap very well done on your consistent technical analysis .

[weyweyumfozo] 10/5/2024 11:38

It's good to see that Armstrong, who has slagged off "Goldbugs" for years, is now expecting a rally on top of the recent rally:

"Congress, according to Armstrong, is dragging the bottom with a 7% approval rating.

Armstrong has long said that people will buy gold and silver when faith in government crashes.

That is exactly what Armstrong is seeing around the world today. Gold is bouncing around the $2,300 level, and Armstrong sees “a new gold and silver rally coming soon.” "

[different world] 10/5/2024 11:06

Those that think the forecasts of £1 and more here eventually are for the birds, should take a look at this from Eric Sprott - one of the most famed gold and silver commentators. This is Sprott's latest video just released.

If you think logically about the coming huge run in precious metals and the unreal undervaluation of the smaller gold and and silver miners which are GPM's speciality, then £1 will be the future floor not the ceiling.

Sprott quotes the last bull run in small miners produced gains of "hundreds of per cent".

The fun hasn't even started here yet. GPM offer a once in a lifetime opportunity for a huge multi-bagger in the coming months and years.

[papillon] 10/5/2024 09:32

Yep, different world, we have lift off!

[different world] 10/5/2024 09:23

Severely undervalued now and ready to move sharply higher going forward.

[papillon] 10/5/2024 09:05

Gold & Silver strong again this morning though you wouldn't know it from the GPM share price 🤣🤣

[papillon] 09/5/2024 21:24

free stock charts from uk.advfn.com


GPM log chart. A Strongly Bullish "Golden Cross" appeared on the GPM long term chart at the start of April. Get ready for the ride! The GPM share price is destined to go a lot higher!

[papillon] 09/5/2024 21:17

Gold price is strong this evening.

[papillon] 09/5/2024 17:43

Adrian Day's video:

[papillon] 09/5/2024 17:31

"Video: Closing the Gap – Gold Prices, Mining Stocks and When that Disconnect Closes"



"Asset Manager Adrian Day stresses the importance of understanding a company’s financial situation beyond initial disappointments, using Barrick Gold as an example of a company with a history of optimistic production estimates leading to missed targets but effectively managing these issues. He emphasizes the significance of cost metrics like per ounce operating costs and all-in sustaining costs (AISC) for evaluating mining companies’ profitability and efficiency."

[king_baller] 09/5/2024 16:41

I think the NAV performance will determine the discount. As soon as GPM’s NAV outperforms GDXJ etc reliably (which I believe it will) then the discount the will close, and could even move to a premium.

[m24xp] 09/5/2024 15:45

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.

[king_baller] 09/5/2024 15:14

Gold miners are starting to move today. The discount here is increasingly absurd!

[steve73] 09/5/2024 10:08

thanks to yikyak on the silver thread..

[steve73] 08/5/2024 15:25

pap... re. 3374.

I don't think the present situation is similar to the lead up to the '29 crash. In those days currencies were mostly backed by gold (although IIRC, the USD had recently reduced to just 35% backing). The present extremes are being driven by all the QE, and the more currency that is being printed, the higher the market (and all assets) will go. A crash is coming, but it won't be measured by a simple monetary basis.

Assuming the global economy reverts to a gold backed standard, then gold will be the winner... or any currency that decides to use gold to back it... eg. BRICS perhaps.

[weyweyumfozo] 08/5/2024 14:20

Yesterday's NAV 42.65p.

[papillon] 08/5/2024 13:01

"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."

[different world] 08/5/2024 07:03

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:-

[stevieweebie2] 06/5/2024 19:13

Silver flying currently, pushing 28 resistance again.

[different world] 06/5/2024 14:15

Jordan Roy-Byrne - latest interview on gold and silver, from ten hours ago.