Golden Prospect Precious... Share Discussion Threads

[papillon] 15/5/2024 04:29

free stock charts from uk.advfn.com


Silver chart. The same can be said about the Silver price as I've mentioned for Gold in the previous post

[papillon] 15/5/2024 04:21

free stock charts from uk.advfn.com


Gold chart. Gold price has been going sideways for the circa past month after the big percentage rise during the proceeding circa 6 weeks. This sideways consolidation movement, before the likely next move up, is highlighted by the Bollinger Bands.

[papillon] 14/5/2024 23:21

"Western gold investors watching the Fed while Chinese demand dominates the market - Natixis’ Dahdah"

[weyweyumfozo] 14/5/2024 17:16

That's the second time that I've seen 40% gold backing mentioned.

Rickards:

"One needs to make an assumption about the percentage of gold backing for the money supply needed to maintain confidence. I assume 40% coverage with gold. (This was the legal requirement for the Fed from 1913–1946. Later it was 25%, then zero today)."

Escobar talking about a future BRICS+ monetary ecosystem:

"The strength of the Unit, conceptually, is to remove direct dependency on the currency of other nations, and to offer especially to the Global Majority a new form of apolitical money - with huge potential for anchoring fair trade and investments.
It is indeed a new concept in terms of an international currency - anchored in gold (40%) and BRICS+ currencies (60%). It is neither crypto nor stablecoin – as it’s shown here."....

..."And now comes the clincher: the Unit has already received backing by the BRICS Business Council and is on the agenda at the crucial ministerial meeting in Russia next month, which will work out the road map for the summit next October in Kazan.

That means the Unit has all it takes to be on the table as a serious subject discussed by BRICS+ and eventually be adopted as early as in 2025."....

[different world] 14/5/2024 16:10

A total eye-opener from Jim Rickards.

The future could well be very tantalising - a required read.

[different world] 14/5/2024 06:45

Thankfully, the fund managers at GPM have increased our silver interests over the past year or so:-

[papillon] 13/5/2024 20:53

"Gold prices at a critical point before CPI report".

Obviously news will determine where the Gold price goes in the short term. Let's hope the news is good for the Gold price.

Interesting article. Well worth reading.

[papillon] 13/5/2024 19:05

free stock charts from uk.advfn.com


Shorter term 6 months Gold price chart showing Heiken-Ashi candlesticks. Gold price going sideways in a short term consolidation phase? Possible. After all 3 months ago the Gold price was only circa $2000.

[papillon] 13/5/2024 19:01

free stock charts from uk.advfn.com


Longer term 2 year Gold price log chart. It's still Strongly Bullish, but it wouldn't surprise me to see the Gold price fall back to a strongly rising 50 day EMA in the short term. Maybe even drop below the 50 day EMA in the short term? After all it's done it before as this chart shows. If only I could predict the future! 🤣 As I'm not Nostradamus I won't even try 😂

[different world] 13/5/2024 13:04

GPM NAV now 43.49p.

Beggars belief we are still under 40p.

[davebowler] 13/5/2024 12:12

Sister fund -

[papillon] 12/5/2024 18:48

"Gold closed the week at $2,360, having pushed as high as $2,378 – a good gain from last week’s $2,301. So far, $2,300 has held up well as support and whilst there remains a large increase in price for the market to digest, it could be that we head into higher territory again in short order."

[different world] 12/5/2024 17:48

More fuel for the fire.

It's said that barely 1% of all investment in the world is in gold. Imagine if the average were to double just to 2%.

The maths on a parabolic rise in gold (and therefore silver) are mind-blowing as more and more people buy and hold the "physical".

Short interest on Comex currently runs to $1.9 bn - imagine the movement upwards in gold when those shorts eventually are forced to cover.

[papillon] 12/5/2024 15:47

"This is BEYOND your Wildest Imagination!"

"Your Gold is about to Become Very Priceless"

🤞🤞 he's correct!

[different world] 12/5/2024 13:59

"TRIPLE-DIGIT GAINS FOR THE GOLD MINERS"?

[papillon] 12/5/2024 09:37

"World’s Central Banks Buy $24,000,000,000 in Gold in Three Months, Setting New Record: Report"

"Central banks are in the midst of a gold buying spree, according to new numbers from the World Gold Council (WGC)."

"The WGC says China, Turkey, India and Kazakhstan are driving much of the demand for the precious metal."

[papillon] 12/5/2024 00:42

stevea171 11 May '24 - 21:05 - 23234 of 23234
0 0 0
Michael Oliver: The coming gold, silver and miner mania will be epic. All have entered a massive acceleration phase that will light people’s hair on fire.

The PM miners have never in history been so cheap vs the S&P or vs gold. Fasten your seatbelt, this is the acceleration phase in front of us.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

The above is copied from the HOC bb

[different world] 11/5/2024 21:10

Jordan Roy-Byrne's latest video from last night our time, on the Daily Gold.

Big upward moves on the cards for the gold and silver mining stocks.

Excellent for GPM for the rest of this year.

[different world] 11/5/2024 19:18

Stay long and keep buying.

[papillon] 11/5/2024 18:03

"Gold eyes $3,000 as global uncertainty continues"

This article is well worth reading.

[papillon] 11/5/2024 14:56

free stock charts from uk.advfn.com


Comparison of GPM vs GDXJ performance over the last 6 months.

[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