Golden Prospect Precious... Share Discussion Threads

[professor pettigrew] 22/9/2016 15:03

Almost priced for Armageddon.

I expect the discount to narrow quite sharply over the coming weeks.

[bamboo2] 22/9/2016 15:01

Added. Near term target min 49.7

LM, Bulkowski reckons Flags and Pennants are short, less than three weeks or 15 sessions. Beyond this they become triangles,channels or rectangles. Are you aware of any particular rules or limits?

The current GPM 'Flag' is now getting beyond Bulkowski's definition.

I calculated the above target treating it as a Symmetrical Triangle.

[eeza] 22/9/2016 14:55

Remains at 20% discount.

[llef] 22/9/2016 14:40

NAV over 57 now....

[wizard7] 22/9/2016 13:45

Let's hope the seller is pleased with their profits and doesn't wish they had stayed when they see this get up to new highs shortly. hmmm..hmmmm..hmmm

[dilbert dogbreadth] 22/9/2016 11:59

There you go a 400k sell has finally shown up. Thats probably it for now and the share price can move on its own accord.

[wizard7] 22/9/2016 11:27

Patience glasshopper....

[dilbert dogbreadth] 22/9/2016 11:14

Offers creeping up which suggests overhang has nearly gone

[mad foetus] 22/9/2016 10:35

Crazy - FRES is up 10% since its low yesterday - GPM up about 3%. Agree that there looks to be a seller lurking.

[luckymouse] 22/9/2016 10:34

LOL - gpm looks like a bear flag that wont go down and comex looks like a bull flag that wont go up #:)

[highly geared] 22/9/2016 08:09

Good price mad; cost me 46.3 and had to split purchases to get what I wanted. NAV likely to push 56p after over night rises so I'd expect GPM back around 48-50p quite quickly. H&S chart hasn't played out (yet) hopefully. The way seems clear in the short term for gold to rise a bit.

[eeza] 22/9/2016 08:05

There's been a large seller lurking.

[mad foetus] 22/9/2016 08:00

just bought 20,000 at 45.25. which I'm surprised at.

[dilbert dogbreadth] 22/9/2016 07:57

Prof most in the 'gold' space pay no attention whatsoever to the likes of CNBC & Bloomberg.
They will ofcourse be useful when the gold bull is in full swing bringing new investors in.

[professor pettigrew] 22/9/2016 07:51

A very interesting ten minute discussion on gold just now on CNBC.

Chap who heads commodities at Old Mutual says there is "a perfect storm brewing for gold", citing what I've quoted above re central bank money printing and lax policy.

Says there is "a couple of hundred dollars down and a few thousand dollars upside in the gold price over the next three years".

Job done. $3000 and £5 by 2020.

[professor pettigrew] 21/9/2016 22:21

Did anyone spot and take note of one very important sentence that was uttered on CNBC tonight, a few minutes after the Fed decided to leave rates on hold?

An American female economist (whose name now escapes me) said the words that I've been saying for so long, which is why I see gold at $3000 and these at £5 by 2020.

"For too long now, major central banks have been pumping extraordinary amounts of liquidity and printed money into the world's economic system. This allied to very low, zero or even negative interest rates, will ensure that within 3 years the world will once again suffer from major inflation".

There - encapsulated nicely the case for not just holding gold, but holding stocks like GPM. At a discount of 20% currently, what a steal.

[bamboo2] 21/9/2016 21:09

HUI up approx 8%. I'll eat my hat if this doesn't move up tomorrow.

[bigdazzler] 21/9/2016 19:32

Fed rates remain unchanged.

[wizard7] 21/9/2016 19:24

Yep - thanks heavens for the lag. Might even get some more tomorrow before it moves...up.

[eeza] 21/9/2016 17:43

Yes, I know there is usually a lag.

Poor attempt at sarc was all.

Lol !!!!

[bamboo2] 21/9/2016 17:07

eeza, you missed out the bit about GBP being down and many of the holdings listed in other currencies...

I like the GPM lag. It gives me time to think. Makes up a bit for the sometimes awful spread/dealing costs.

[eeza] 21/9/2016 16:40

Gold up, Silver up, GPM down.

Makes perfect sense.

[bamboo2] 21/9/2016 16:21

papillon, one of them was definately a buy.

Just added at 45.25

[greenrichard] 21/9/2016 15:10

I bought this morning at 45.75

[papillon] 21/9/2016 15:02

"It's highly likely that the trades marked as sells at 45.75 are buys."

It looks like they actually were sells after all, bamboo2.