Golden Prospect Precious... Share Discussion Threads

[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.

[papillon] 06/5/2024 12:52

free stock charts from uk.advfn.com


Gold price chart. Keep an eye on the RSI as a rising RSI is often bullish. Most sustainable gains are made when the RSI is in the 50-70 channel. The biggest gains are often made when the RSI is in overbought territory, but that often leads to unsustainable spikes in price.

[different world] 05/5/2024 22:19

papillon - no problem. Looks like we were both trawling through the same golden stuff!

[papillon] 05/5/2024 21:37

My apologies, different world. I'm watching the snooker on TV. I'll remove that link.

[different world] 05/5/2024 21:34

David Erfle - "Junior miner junky" - the sort GPM holds.

From earlier this evening Sunday 5 May 2024.

[papillon] 05/5/2024 21:33

.......................

[papillon] 05/5/2024 21:30

Stagflation Vs Recession: Approaching Decision Point.

JRB video

[different world] 05/5/2024 21:04

Jordan Roy-Byrne going for gold $3,000-3,500 within 18 months.

Anyone heard of Jared Dillian? You won't forget his name when you watch this:-

[papillon] 05/5/2024 20:13

"Gold closed the week at $2,301 – down from last week’s $2,337 but still above $2,300 and firmly in bullish territory as the big move through $2,100 corrects. This may continue for a little while yet, but economic dark clouds continue to gather over the US which will surely offer a tailwind to the yellow stuff."

PS Many thanks, different world, for your post. I ignore the down ticks as I'm confident that I will be proved correct to be bullish about Gold, Silver & GPM.

[different world] 05/5/2024 10:53

Why would anyobody want to "mark down" papillon and his posts and charts?

Bizarre.

Keep up the good work P.

[papillon] 04/5/2024 21:18

"Gold & Silver correction continues"

Another JRB video

[papillon] 04/5/2024 21:16

George Gammon video.

[papillon] 04/5/2024 21:12

Jordan Roy Byrne video.

"The Most Important Gold Chart in 2024"

[papillon] 04/5/2024 21:04

"Video: The End of America’s Hegemony, buy gold and silver sell shares"



"Author, investor, and founder of Goldstockdata.com Don Durrett, is bullish on gold but that has clear implications elsewhere."

[papillon] 04/5/2024 15:06

free stock charts from uk.advfn.com


GPM linear share price chart since it's flotation. I'm hoping, different world, that the GPM high of circa 130p, achieved in 2011, will be retested and surpassed. 🤞 I'm hoping I'm still around to witness it. 🤞 🤣🤣

[papillon] 04/5/2024 11:46

free stock charts from uk.advfn.com


6 months Gold price chart using Heiken-Ashi candlesticks and showing Bollinger Bands, 20 day MA, MACD & 14 day RSI.
Interesting chart. You can see the the spike up to over $2440 earlier this month and the change in colour (green to red) when the Heiken-Ashi candlesticks started to turn Bearish. This short term Bearish trend was confirmed when the Gold price dropped below the 20 day MA.
Both the RSI & MACD are trending down.
I will wait patiently until the RSI starts to rise again, the Heiken-Ashi candlesticks turn green again and the Gold price rises above the 20 day MA again and the BB's start to widen. Until then I'll go to sleep! 🤣

[papillon] 03/5/2024 15:35

papillon 30 Apr '24 - 21:48 - 3332 of 3353 Edit
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It wouldn't surprise me to see the Gold price drop back to the 50 day EMA as support and maybe even drop below it. The 50 day EMA is currently around $2240, albeit still rising.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I posted the above on Tuesday. The 50 day EMA is currently at around $2250.
I can't predict the future so, unlike Nostradamus, I won't even try! 🤣 However my long term Gold price chart is still Strongly Bullish.

[different world] 03/5/2024 14:52

The bears, shorters and market riggers will do everything they can to hold gold and silver down - it won't work.

The cracks are beginning to appear. As each week and month pass, the important indicators are turning towards a slowdown in the US economy. But the inflation figures are stubbornly refusing to fall down to target.

Eventually the two will meet in the middle, and Powell will be forced into a cut against his "better judgment".

The same will go for the hopeless and hapless Bailey over here who couldn't run a sarsparella and pie & mash stall if he tried.

And that's when gold will convincingly come into play with large sustainable increaes in price and volume.

Meanwhile, here's this week's Palisades Capital interview - oil to $200 and buy gold and silver.

Despite gold coming off in the last hour, the ducks are all lining up very positively.

As far as GPM is concerned, we have a 25-30% cushion in play between the share price and the NAV, very high by any standards, so any downturn in the gold price will be well insured against down to the $2200 level at least.

[different world] 03/5/2024 13:33

NFP 175,000 vs 240,000 expected.

Slowdown and rate cuts coming?

Gold and futures soaring.

[rougepierre] 03/5/2024 11:26

How desperate or stupid people must be to sell today at a 24% discount to NAV...

[papillon] 03/5/2024 08:31

🤣🤣🤣🤣 I live in a bungalow in Nottingham. How's your bedsit in Middlesbrough, purple? 🤣🤣