Golden Prospect Precious... Share Discussion Threads

[papillon] 08/4/2024 18:09

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GPM Ichimoku chart showing Heiken-Ashi candlesticks. This chart is Strongly Bullish. The 14 day RSI is overbought. However it could stay overbought for some time.

[stevieweebie2] 08/4/2024 15:28

Excellent, slow steady burn is what we want.

[weyweyumfozo] 08/4/2024 14:54

40.60p - last Friday's NAV.

[arbus5000] 08/4/2024 10:48

karora 4.5% holding has a part cash part shares offer from westgold 3.3% holding at a 10% premium based on karora's closing price

[papillon] 07/4/2024 22:29

This article is well worth studying. It contains some very interesting charts and information on Commodity cycles.

"Gold Price Forecast – Major Breakout & New Bull Market Confirmed"

"Key Points:
Gold is in the beginning stages of a new bull market that should last into the 2030s.
The last breakout of this magnitude was in 2005, which triggered a 6-year bull run.
By 2030, we see gold hitting our longer-term price target between $8000 to $10,000."

I particularly liked the Gold Big Picture chart which shows the 12 year consolidation period from 1993 to 2005 and the 12 year consolidation period from 2011 to 2023. The commentary accompanying the chart links the breakout starting in 2005 with the current breakout. The target for Gold is between $8000 - $10000 in 2030 which could signal the end of the 6 year Bull run.

[m24xp] 07/4/2024 16:33

Calibre Mining on Dailygold
GPM's second-largest holding.

[papillon] 07/4/2024 00:41

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Longer term GPM linear chart showing the recently formed bullish Cup & Handle chart pattern. It's taken around 13 years to form. This possible target price of this pattern is $3000+

[papillon] 07/4/2024 00:36

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5 year GPM linear chart showing the bullish IH&S chart pattern that has recently formed. The possible target price of this pattern is $2500+

[papillon] 06/4/2024 11:54

"The View From The Montana Log-Cabin: “The (Gold) Bull Market Is Here, People – It’s Time To Make Money”"

"After another strong week, Gold closed at yet another record high – now $2,330, well up on last week’s $2,233. Silver smashed through strong resistance at $26 (now $27.44) and, as can be seen on the chart below of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers), they too had another good week and my Gold mining portfolio is looking far healthier than it has for a long time. That, after a week during which the US reported far stronger jobs than expected and US Treasury yields headed north (which should have stalled things somewhat), suggesting that precious metals have, for now, decoupled from everything else."

PS Gold's recent exceptional performance has vindicated my long term Gold price chart which turned Strongly Bullish at the start of 2023 and has stayed Strongly Bullish ever since!!

[papillon] 06/4/2024 06:24

They reckon the rally in Gold & Silver will continue to rise until they peak in mid May and that Silver's rise will be more impressive than that of Gold.

[arbus5000] 05/4/2024 19:22

yeterday's nav was just under 40, so should come in well above that on monday.

a lot of GPM holdings are actually from the smaller side of GDX's holdings. The discount and the leverage has served the GPM well, but should get into the 50s quite easily shoul gold hold these levels.

[valuehurts] 05/4/2024 19:17

99 percent... brave but could work out well

[papillon] 05/4/2024 19:16

Do visit this site. The default settings are a 100 year GOLD price log chart adjusted to show the effects of inflation on the Gold price. The log chart can be changed to a linear chart and the inflation linking can be removed.
Sticking with the inflation linked linear chart there is a potentially bullish very long term Cup & Handle chart pattern forming on this chart. A possible target Gold price if this pattern forms is $5000+. If the inflation adjusted log chart is used then the possible target Gold price is a mind boggling $10000+, possibly even $20000+. This inflation adjusted long term Gold price chart (both linear & log versions) is obviously being used by those pundits who are predicting mind boggling Gold price targets of $5000+, $10000+, $20000+ on their YouTube videos.

PS do visit the Macrotrends site. I would have liked to post the actual charts on this bb, but a direct sharing is not available .

[wskill] 05/4/2024 18:52

Pap yes vaneck junior miners have had a holding for some time just trebled it today it moves well ,I have a decent amount of GPM too many really and like to spread the risk.

[papillon] 05/4/2024 18:50

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This log chart compares the $Gold price performance over the last 12 months with GPM, GDX & GDXJ, weyweyumfozo

[papillon] 05/4/2024 18:39

99% of my money is in GPM. Just have 3 very recent very small punts in EST, ARCM & MILA.
My long term GOLD price chart turned Strongly Bullish at the start of 2023 (Golden Cross). My GOLD price chart has remained Strongly Bullish ever since then despite the volatility of the GOLD price in 2023. Gold & Silver miners are out of favour with investors, but that is slowly changing. Miner's sp's invariably lag the Gold & Silver prices when they go off on a Bull run!
My short term targets for Gold & Silver are $2600+ & $34+ respectively (Bullish IH&S patterns).

[papillon] 05/4/2024 18:38

Was that GDXJ, wskill?

[wskill] 05/4/2024 18:20

weyweyumfozo many thanks for posting the Clive Maund article its one of the best I have read . Added more to a junior miner ETF today now have a decent weighting to gold and silver .

[king_baller] 05/4/2024 17:02

Once again precious metals bulls haven’t had a chance to buy the dip yet. Up she goes… relentless!

[papillon] 05/4/2024 16:25

"Video: The Economy is in Shambles, But Metals Are Still Heading Higher, silver to $100?"

"Asset manager David Brady is a bear after the heart of our own Nigel Somerville."

David Brady talks a lot of sense! One of the better pundits!



"David Brady: The Economy is in Shambles, but Metals Are Still Heading Higher"

[ian_2] 05/4/2024 16:12

The Genie doesn't want to go back in the bottle!

[jester jim] 05/4/2024 16:07

is it me or are these already odd markets getting odder and odder? Positive for gold, seems extremely resilient just now and more than I have seen for many years.