Golden Prospect Precious... Share Discussion Threads

[brucie5] 27/3/2024 16:49

Not sure I'd call 40k a trifling amount. I imagine it depends on how much he's got down the back of the sofa! He's a NED.
Do we know the other director holdings?

[stevieweebie2] 27/3/2024 16:11

Director buy. Nice to see, sadly it's a trifling amount.

[papillon] 27/3/2024 10:12

Yes, stevieweebie2. The Gold price wants to go higher!

[stevieweebie2] 27/3/2024 09:56

gold moving again.

[papillon] 26/3/2024 16:01

free stock charts from uk.advfn.com


Keeping it simple (unlike JRB!😂) here's a 20 year linear Gold chart showing the 200 day EMA.
Going by the past it looks like the Gold price has risen too high above it's 200 day EMA and will fall back towards that 200 day EMA. The good news is the 200 day EMA is on a rapidly rising trajectory and has been since the start of 2023!
I can't predict the future, but history has a habit of repeating itself. Let's see how things pan out, especially considering the current "fragile" state of the world bearing in mind the Middle East situation and the Russian/Ukraine/NATO situation amongst others.

PS hopefully the 200 day EMA will provide support to the Gold price as it did during the long Bull run from 2009 and again during the Bull run from 2019. 🤞🤞

I posted the above a couple of days ago (post 3043)

[papillon] 26/3/2024 15:57

It's looking likely that both Gold and BTC will drop back to the support offered by their rapidly rising 200 day EMA's.

[papillon] 26/3/2024 12:16

👍 stevieweebie2. There was a "Golden Cross" on my long term Gold price chart when it turned STRONGLY BULLISH at the start of 2023. Despite the volatility of the Gold price over the last 15 months my chart has remained Strongly Bullish ever since. Market sentiment towards Gold (and Silver) has turned Bullish. I'm expecting the GPM long term chart to turn Strongly Bullish soon as it finally dawns on the "herd" that Gold (and Silver) are going on a longer term bull run!

[stevieweebie2] 26/3/2024 11:56

folk selling this morning baffles me,they must not be able to read charts and cannot have seem that excelelnt video of JRB and Francis Hunt from this week, we are on the cusp of greatness but I guess they dont buy into it. we are emerging from a 40yr 60/40 (bull market) cycle and its going to take a long time for folk to adapt I guess.esp if you have been holding miners for the last few years, its been a bit like waiting for Godot.

[stevieweebie2] 26/3/2024 09:52

LOL Pap. :)

[papillon] 26/3/2024 09:34

Gold & Silver currently spiking up. In such a scenario it's obvious that the GPM share price drops! 🤣🤣

[papillon] 25/3/2024 19:16

free stock charts from uk.advfn.com


2 year BTC (Bitcoin) linear chart. The BTC price is a long way above the rapidly rising 200 day EMA. Will it drop back towards that rapidly rising 200 day EMA. I reckon it will, but I'm bound to be proved wrong! 😂

[m24xp] 25/3/2024 15:58

I also think a good spread of companies such as GPM provides is the way to go to ride the coming gold stock bull market.

There is a full list of holdings in today's release btw (page 55) which includes a few holdings in UK-listed stocks that I wasn't aware of.



Added 75k today at c.29.7p so not actually all sells as the trades screen indicates.

[atlantic57] 25/3/2024 15:42

I seem to have the Midas touch in reverse when it comes to newsletters.I subscribed to Jordans newsletter in 2020, back then his performance table looked impressive.

However his newsletter model appears to be :

a) Charting
b) Comparing previous gold cycles with today.
c) Buying a number of junior explorers /producers

You need substantial funds to invest as if you buy one or 2 you could be unlucky as I was.Finally he was saying when gold gets to 2100 dollars the explorers would take off.This target is now moved to 2300 to 2500 dollars because of inflation hitting production costs.


Buying gpm gives you a spread of Companies , however I don't have the ability to comment on their stock picking

[valuehurts] 24/3/2024 23:22

I had a similar story. But did do well in 2015 with some good picks like wesdome. This setup seems very similar to other bottoms. The difference between gold and the stocks is now huge.

[papillon] 24/3/2024 15:41

free stock charts from uk.advfn.com


Keeping it simple (unlike JRB!😂) here's a 20 year linear Gold chart showing the 200 day EMA.
Going by the past it looks like the Gold price has risen too high above it's 200 day EMA and will fall back towards that 200 day EMA. The good news is the 200 day EMA is on a rapidly rising trajectory and has been since the start of 2023!
I can't predict the future, but history has a habit of repeating itself. Let's see how things pan out, especially considering the current "fragile" state of the world bearing in mind the Middle East situation and the Russian/Ukraine/NATO situation amongst others.

PS hopefully the 200 day EMA will provide support to the Gold price as it did during the long Bull run from 2009 and again during the Bull run from 2019. 🤞🤞

[atlantic57] 24/3/2024 15:05

Yes humans repeat the same mistakes

[papillon] 24/3/2024 14:35

The above chart shows that GPM is worth buying when it breaks above a bottoming 200 day EMA (which often acts as support soon after to the GPM sp). GPM was obviously oversold when it dropped to 20p just over 15 years ago, when the 200 day EMA was over 40p. You'll notice that the GPM share price invariably goes back towards the 200 day EMA so when the GPM share price dropped to an oversold 20p at the end of 2008 was also a good time to buy.
Similarly when the GPM share price rises far too high above the 200 day EMA (in other words it spikes up and it's overbought) it's a good time to sell!
I can't predict the future, but history has a habit of repeating itself! That's mainly because humans are creatures of habit and invariably repeat the same mistakes again and again ad-infinitum!

[papillon] 24/3/2024 14:17

free stock charts from uk.advfn.com


Here's a linear GPM chart from when it listed until the present day showing the 200 day EMA. I'm keeping it simple unlike JRB!

[papillon] 24/3/2024 13:49

"Gold ended the week at $2,165 – up a little on the prior week’s $2,156 but a bit disappointing given that the yellow metal was up through $2,200 earlier in the week. Gold stocks, whilst well up in the last month, stalled as the Fed and the useless Andrew Bailey held interest rates as can be seen on the chart of Gold vs. GDX (majors), GDXJ (juniors) and GOEX (explorers)."

[papillon] 24/3/2024 13:18

The "herd" need to start buying junior Gold miners and explorers again, Atlantic57. We need FOMO again in this sector.
My GPM log chart shows that the declining 400 day EMA proved tough resistance that the GPM share price was unable to break above in H1 2023. The GPM share price is similarly unable now to break above the declining 400 day EMA. In fact there might be a small double top forming on the chart indicating a possible small fall in the GPM share price The RSI is also declining. However I can't predict the future, so let's see what happens.

[atlantic57] 24/3/2024 13:00

Pap I was spoiled by the era 2002 to 2011. I subscribed to T1ps.com they picked a number of a Companies that did outstandingly well for a time.

Cey 10 p to 200 p
Medusa 45 P to 525 p

However this success proved to be my undoing !
In period 2012 miners collapsed and I was holding Dudd stocks like Ascot vgm and Norseman to name a few.

I have not been able to refind my “ golden touch”

[papillon] 24/3/2024 12:59

free stock charts from uk.advfn.com


This long term GPM log chart is still Strongly Bearish. However there are signs that a Golden Cross could soon appear on this chart for the first time since the very short lived rise in 2022 following the invasion of Ukraine by Russia.
The 200 day EMA is starting to rise and the 50 day is already rising. A Golden Cross needs the 50 day EMA needs to rise above an already rising 200 day EMA.
The 100 day EMA rising above an already rising 200 day EMA and the 400 day EMA would confirm that Golden Cross. That didn't happen back in 2022.

[papillon] 24/3/2024 12:21

Sprott was the biggest investor in PUR. GPM also had shares in PUR. Look what happened to PUR! Say no more!
The junior Gold mining shares listed on the LSE are mostly dreadful performers! HUM, AAZ, ALTN, AAU, etc. The explorers and developers have been mostly awful performers as well. KEFI, MILA, GGP, etc.
I know nothing about Gold mining (or mining in general) which is why I've invested in GPM rather than individual junior Gold miners. I hope they pick more winners than losers (eg PUR) 🤞🤞

[atlantic57] 24/3/2024 10:56

Fair comment Pap.

I guess I should have said that I had invested heavily in gold juniors.Since 2013 this has not been a great space. Gold has had a good run recently and per your chart analysis has much further to go.

However translating this into picking successful miners appears to be a different skill set.Not one which I have.