Golden Prospect Precious... Share Discussion Threads

[dogberry202000] 03/3/2017 11:25

GPM is showing relative strength here, compared with how it barely advanced in early November before the US Election despite strong buying. If it holds near this price this is a swing point right here or very near. In other words it's time to buy. I've slowly come to a view that the price action in GPM, because of its widespread holdings, is one of the leading indicators in PM stocks, a bit like GFI, RIC, MUX, SA, etc. and not always, as one might expect, a reactive one.

[mad foetus] 03/3/2017 10:50

https://www.trustnet.com/News/718222/kennoxs-heenan-why-im-going-for-gold-in-a-post-trump-environment/#gpt-trustnet-topInteresting for those capable of taking a longer term view

[eeza] 02/3/2017 19:35

well it's being jiggered with a ragged poker today - down $18USD at the mo.
Bloodbath again tomorrow.

[mad foetus] 02/3/2017 17:36

Looks like jiggery pokery to me. Remind me never to invest in gold, it always goes either well or badly but I never understand why.

[greenrichard] 02/3/2017 17:31

Discount to Nav is 19.4%

Higher than average.

Last time NAV was 51.5, the bid was 43.5p

[eeza] 02/3/2017 16:16

NAV regained the penny it lost yesterday.

Lol !!

[luckymouse] 02/3/2017 10:03

yep - key level around here

[weyweyumfozo] 01/3/2017 16:28

Possible 5 month IHS forming on the chart.

[eeza] 01/3/2017 16:20

NAV down another 1p to 50.25. Soon be no discount.

[mad foetus] 01/3/2017 10:30

Does seem a strange disconnect between the price of gold and the value of gold miners. Perhaps that will unwind, but at present last weeks buy doesn't seem that well timed.

[eeza] 28/2/2017 16:30

It's the NAV that matters - and it's sinking, the share price follows.

[mad foetus] 28/2/2017 15:47

Looks like the masons have taken over the share price

[greenrichard] 28/2/2017 15:41

GPM investments on the ASX were down 5% on average yesterday. Hopefully, they should bounce back when the market opens later.

[jitters3] 28/2/2017 15:28

Certainly gone off cinque with the gold price

[eeza] 28/2/2017 15:26

Lol !!!

Gold heading higher each day & the NAV and share price of GPM heading the other way. NAV now 51.3p

[mad foetus] 24/2/2017 08:25

Gold at 1255. Some of the charts starting to indicate the next leg up.

[bigdazzler] 23/2/2017 16:31

Yes I've corrected my above post which should of always said

'as long as you don't buy at the point of metal fever....'

[dogberry202000] 23/2/2017 16:23

I agree. This is one of my main core PM holdings, too. I also think it will bail out anyone who bought higher over the next few months.

[bigdazzler] 23/2/2017 16:05

One of my core metal holdings this one.

As long as you dont buy at the point of metal fever this one will never let you down.

[dogberry202000] 23/2/2017 16:02

With $1250 now punched through things could get very interesting for GPM. Oops. It's fallen below again! I wonder if they pulled it under for the London close, only for gold to go over 1250 afterwards?

[jitters3] 23/2/2017 14:19

Topped up today

[dogberry202000] 23/2/2017 13:56

$1250 gold is a nice round number I'd like to see taken out before I'd have greater confidence in the current move in gold/silver.

[dogberry202000] 23/2/2017 13:52

The Dollar is down and Gold and Silver have popped up. The daily cycle low in the mining stocks has been playing out over the last few weeks and may even have a day to two left to go. (They are not as strong as they should be today). I've seen it mentioned that the Dollar is likely to make its real move after the State of the Union Speech early next week. I'm holding here, waiting for the new cycle high sometime in April. The issue now is has the Dollar topped and is it on its way down to 97? If so, roll on 72p + for GPM.

[davebowler] 23/2/2017 13:46

Net asset value as at 21.02.2017 of

Golden Prospect Precious Metals Ltd

(TIDM: GPM):

NAV-bid........... : 55.24 GBp

[mad foetus] 23/2/2017 13:34

Looks like the MMS are all out to lunch and have left the computers in charge. share price should be up a penny at least!