Golden Prospect Precious... Share Discussion Threads

[phoebusav] 09/11/2016 15:31

Same here. Had £300 on Trump at 4/1 too. I notice gold has moved back down again, but it looks like this is due not to a rising dollar, but a plunging Euro. GBPUSD is steady, JPY down a bit, but EUR being hit hard. UK and US both gone anti-establishment, putting them on the same side. Pressure now falls on EU and EUR with Italian constitutional referendum where anti-EU party Cinque Stelle is polling very highly and the Austrian election where the anti-EU candidate is in the lead. This is followed soon thereafter by the Dutch, French and German elections with Dirk Wilders, Marine Le Penn and ADF all anti-EU, all polling highly. I expect gold should start to move up once the EUR drag is worked off, whilst GBP should soar now there is to be a pro-Brexit US President in the Whitehouse. He will no doubt bring pressure to bear on the EU vis-a-vis negotiations with the UK.

[stevieweebie2] 09/11/2016 08:31

Nicely, so glad I held on, go the Donald well done.

[dogberry202000] 09/11/2016 06:30

Big moves in GPM's Aussi stocks overnight.

[phoebusav] 04/11/2016 15:59

Gold and silver moving higher. A wall of buying here yesterday and buy volume 6.8 times sell volume today, yet down we tick 5 times on three isolated sells. GDX gold miner basket down 1.7% despite the metals rising. Traders getting pushed out ahead of a huge spike if Trump wins next week. Time to take a little heat ahead of possibly massive gains in a couple of days. GLA

[phoebusav] 02/11/2016 17:23

Gold just regained the China Golden Week Baumgartner Cliff at $1307. Looking great. Now for that no rate rise decision.

[eeza] 02/11/2016 17:22

Since every trade is both a buy & a sell there's been plenty of selling.

[tromso1] 02/11/2016 16:23

Plenty buying this afternoon by the looks of it.

[scottishfield] 02/11/2016 16:21

Topped up also :)

[scottishfield] 02/11/2016 16:21

Topped up also :)

[stevieweebie2] 02/11/2016 16:21

I just topped up, not a huge one but have 40k now so definitely a big toe in the water.

[scottishfield] 02/11/2016 16:17

Gotta go some time soon surely :)

[stevieweebie2] 02/11/2016 16:13

Must be about to move up,I know this lags but surely any time now.......

[phoebusav] 02/11/2016 15:31

Looks like a very interesting setup with the Fed rate decision tonight and the US election next Tuesday. A rate hold tonight followed by Trump victory should see gold push into the $1400-1500 range immediately and GPM break out above 60p. Less than a week to go for some big returns. With decent buying today, it looks like folks are taking their positions. GLA

[bamboo2] 02/11/2016 14:09

PS I demand an eod close above 50 before adding!

[bamboo2] 02/11/2016 14:07

mf, good points. Also with op exp a few weeks away, what could go wrong?
Taken a starter stake, following the success of the $1300 hurdle etc

[mad foetus] 02/11/2016 13:51

FRES is up 6-7% in recent days and GPM needs to catch up at some point. GOld now over $1300 and the election looking close, should get a bounce over the next week IMO.

[dilbert dogbreadth] 02/11/2016 13:49

big seller being cleared out at the moment. Offer is gradually creeping up so not long now.

[bamboo2] 02/11/2016 07:51

Recently, $gold peformance has looked impressive in the face of a resurgent DXY, however, I'm still waiting for $gold to clear the red line [overhead trendline resistance]. share price needs to clear 50sma and near term t/l resitance first.

[scottishfield] 01/11/2016 14:21

I think you'll be just fine here dogberry

[terry barnett] 01/11/2016 14:13

Interesting. Last week I sold and it was registered as a buy. Nice surprise when checked the account to see my sell was actually at the buying price!!

[dogberry202000] 01/11/2016 11:53

Many gold/silver stock investors have been waiting on the sidelines for "the next drop". Then they intend buying in and restocking their portfolios. What if this is all there is? The gold train literally leaves the station without them because they were too busy listening to paid and some unpaid gurus, whose charts trapped everyone in logic. Gold and silver are way up today and have broken out of their recent downtrend lines. One of the great cliches of modern times is "It is what it is, until it is not". Another is, "Bull markets take up the fewest investors they can by throwing off investors". I'm no guru, just an investor, trying to eek out my pension in one of the most trying and dangerous areas of the stock market. I got off the fence last night and this morning. I've restocked here, recognising that there is little point in selling down my holdings to wait for a plunge that may never happen. Indeed, if this is a bull market in PMs all you have to do is wait. Mistakes are always bailed out and the first quarter next year could well prove an important one for PM stocks.

Every trade listed here today as a sell is a buy. I know because I have been one of the buyers.

[highly geared] 01/11/2016 10:52

Maybe wait for US election result- Trump win should add $50 to pog.

[mad foetus] 01/11/2016 10:28

Tempted...

[eeza] 26/10/2016 16:08

Half Year Report