Golden Prospect Precious... Share Discussion Threads

[dogberry202000] 17/5/2016 16:34

Love the sleepy lack of action here.

New Nav. 41.71 as of the 16th of May.

[dogberry202000] 17/5/2016 11:48

MARL is a great prospect and I like their projects, particularly Hot Maden. Having read a few of your posts there I reckon you hold far more than I do and have more up-to-date knowledge about this company.

I respect Chip's analysis of these Silver companies. I guess HOC is a play on a higher silver price and that only will set its share price on fire. Although it hasn't done too badly to date. But I no longer own it and will probably not buy it again.

[dilbert dogbreadth] 17/5/2016 10:56

marl looks very exciting Dogberry. News not far off.

Why do you guys like Hoc so much? Chip reckons AISC are in the 19usd's so they're still very much loss making?

[dogberry202000] 17/5/2016 10:37

Thanks, brugen and Brucie5

Brucie I like your holdings, especially those oilers. They're doing well and oil looks like it's headed much higher. I had some HOC and sold far too early. They are a good silver company and I still keep and eye on them.

Most of my holdings are in the US. I've stuck with PM stocks,Copper and Uranium stocks. Aside from a decent amount of GPM, I hold SA, SSRI, SLW, AUY, GPL, MUX and several others. I just sold CDE and some GPL and NCQ yesterday. On the London markets I also hold some HZM, HUM, SLP, MARL, ANTO and GCL. (This last one is a sister fund to GPM).

[brucie5] 17/5/2016 09:55

Excellent post, dogberry. For me there are two indicators of what might come to pass. never mind the various (hopefully) less likely stories of market meltdown, on which I'm not qualified to speak.
1. The chart itself, which is always my primary draw. As such, GPM makes a very good indicator of the broader pm market, which has been in spectacular bear mode for the last five years. Some charts work out, others don't, but on this occasion I completed my last purchase here at 19.5p, on the basis of what I saw. I wish all my chart based decisions were so lucky...
2. The basic observation made by several commentators that asset managers were historically underweight pms; and that a shift towards 5% allocation would be enough (back in January)to buy up the whole pm sector several times over. I find this argument very interesting, since it combines with my sense that prolonged bear markets take a while to turn back into unambiguous bull markets; by which time you have a pyramiding effect, last evidenced by the dot com boom. Crazy prices compounded by crazy projections, and as they say, lots of tips from shoe shine boys...
So I hold mostly GPM in my folio; followed by HOC, which I think will be an outrider, if this bull market really gets underway. Then for the time being, three oil stocks, TLW, PMO and ENQ. Of these, TLW has the most obvious chart recovery qualities that I've seen since 2008/9, though of course, it all has to be down to the price of oil.
As a rider to the above, I find it mildly depressing to be holding commodities rather than technologies offering solutions to the problems we face, but the ones in my sights are highly precarious at the moment, and have burned loads of share holders casg, which does noone any favours. Hopefully, this will change.

[brugen] 17/5/2016 05:25

dogberry,

Thank you for your very full and thoughtful answer.

I'll do a bit of digging on goldtadise.

Cheers

brugen

[dogberry202000] 16/5/2016 23:43

brugen,

Most gold investors differ over whether there is manipulation in the gold markets. So it is debatable. The only folk with paper shorts who can do what happened today in size are the US bullion banks who in the past were supported by Barclays and Deutsche Bank; these entities are underwritten and supported by the FED who want to slow down the rise of the PMs and their stocks. The FED and the Dollar are always a crucial consideration as it usually wants a managed decline, if indeed, this is what it currently wants. The Dollar is often considered the flip side of gold. There are, of course, miners who have hedged their production and do not want the POG to get away from them. Sometimes hedge funds jump on-board the shorting train, too.They have carried out many spectacular raids in the past. But again, some mining investors do not buy this thesis, so you should investigate further.

No one can accurately forecast when gold goes up but there are some in the know when it will be hit. One really good chartist, Plunger, thinks we are currently trying to climb the "Matterhorn" and surpass the last big bear rally which hit $1308 in January of 2015. He thinks there is an "epic battle" going on where many gold bulls are sitting on the side-lines waiting for a "gentleman's entry which will never happen as the market dynamics has changed from the way things worked before. Another good chartist thinks we have a couple of weeks of to and fro before we break out for real. One thing is for sure: if either of these two gentlemen are right we could be looking at $1500 gold very soon and some well run miners will have another 100% profit on the bottom line.

I think all long term gold and silver investors will agree that the PM markets are perhaps the trickiest of them all. Cold, hard experience and deep losses has scarred most of them and I include myself in that. Yet if the precious metals are in a bull market, and I believe that they and several other commodities are, then the bull will bail out poor short term decisions, as long as you are invested in the right stocks. GPM is one of the best on the London Stock Market. They have great positions in some of the best stocks and they hold gold, too. I wouldn't take out bets on gold or use borrowed money. Just take a position, sit on it, and stare in wonder as it grows!

You are lucky to get on board the PM train and ride the bull market. Your mistakes should be forgiven as long as you buy the right companies. Avoid borrowing and taking out spread bets. This market is very fickle and will find a way to undo this form of speculation.

Here is a link to a great gold site with some of the best technicians who offer their work freely, some of whom I referenced above.

hxxps://goldtadise.com/ replace the two xxs with tts

I'm sure that there several knowledgeable posters on this GPM board who could offer really good advice.

[brugen] 16/5/2016 21:32

dogberry,

You said It's the usual suspects trying to stop gold getting past $1308. They did it while the Dollar was on an uptick.

Who are the usual suspects and why is the dollar uptick significant?

I'm new to Gold, have shares in GPM and also a long spreadbet so I'm interested to learn more.

Thanks

brugen

[dogberry202000] 16/5/2016 20:23

Nice post, HG.

[highly geared] 16/5/2016 20:16

I've bought/ sold Gpm twice in the last 6 weeks, expecting a manipulated smash to get gold back to $ 1150 but the resilience has been unusual ,giving the impression that heavy ans sustained commercial spec buying of paper gold / bullion is afoot.
Re: Gpm , it isn't pulling back much at all so thinking gold was going to have another go at $1300 today I tried to buy 30,000 shares to replace my previous holding. I had to split it over 2 trades over 4 hours; there is very little stock around. I'm minded to stay put unless gold goes back to $1200.
If gold breaks c. $ 1308-$ 1311 ( depending in which chart you use) then gold will break the upper line of the big 5 year down trend. At that point the cat will be out if the bag and we should see $ 1500 in short order. Gold is the worlds economic warning beacon of impending crisis, the beacon is starting to flash.....

[dogberry202000] 16/5/2016 19:43

Zerohedge has an article where they say $2.4 billion was dumped over a few minutes before 3pm. It's the usual suspects trying to stop gold getting past $1308. They did it while the Dollar was on an uptick.

GPM and the others will still break out but it may take a couple of weeks. I've upped my target to 51p by mid June.

[brugen] 16/5/2016 19:17

Does anyone know the reason for the 10 point drop in the gold price at 3.00 pm today?

[brucie5] 16/5/2016 18:38

40.92, but a share price at new year bo/o. Looking set for 41.

[brucie5] 13/5/2016 17:36

40.81 Nice consolidation at the 35p level on the chart.

[brucie5] 11/5/2016 16:38

NAV 39.31, and share price breaking out again. The two year high is at 41, and I shouldn't think this will take long - though of course it's pos/pog dependent.

What a great little share this is proving to be!

[davebowler] 09/5/2016 16:38

Net Asset Values per share as
at: 06/05/2016

The unaudited net asset value (NAV) of the company
is noted below in pence per share.

Pence per
share
Golden Prospect Precious Metals Limited 40.45

[hectorp] 07/5/2016 12:56

Yes, I can see gold testing that old resistance in the $1330's very soon.

there will be no june rate hike - and by end of the next quarter even fewer New Non Farm jobs in the reports.

Golden Prospect - fair name, IMO.

[dilbert dogbreadth] 07/5/2016 00:16

gold looks like it is making a bull flag which if correct should take gold to 1350 and where gold goes silver follows and then some.
Took delivery of some silver britannia's today and although not the most aesthetically pleasing they are CGT free.

[thewheeliedealer] 06/5/2016 22:54

Hi all, I bought some GPM earlier this week and scribbled a quick Blog with a summary of my reasoning and a stab at Targets and stuff. You can see it at the link below - I hope it helps but I suspect most people on this thread will understand the Buy Case anyway, cheers, WD

[brucie5] 05/5/2016 19:17

38.70. Come off a bit, but I suspect the upwards march of pms will resume shortly. The share price was briefly today, suggesting a b/o.

[highly geared] 03/5/2016 17:54

NAV pushing 41.5p/share as of Friday. Will have come off a bit today but still trading at a healthy c. 15% discount. Suspect gold/silver will take a breather; consolidation for POG above $1265 and silver above $16.75 will do me; needs to build strength for another push and the rise since the start of the year has been remarkable.

PM'S appear to be a proxy signal for what's coming in terms of the next economic crash; the one that was dealt with since 2009 with trillions of QE, zero/negative rates, bank bail outs and a huge increase in sovereign/consumer debt; all of which has created a temporary illusion of normality and property/stock market bubbles.

I think 2016-20 will be good for PM's again but very bad for most other things....