Golden Prospect Precious... Share Discussion Threads

[rougepierre] 18/4/2018 16:52

very strong silver today...short squeeze?

NAV today represents a 21.5% uplift on the closing price...ridiculous...

the last time silver was at this price GPM was 12% higher than today...

Beautiful 'cup and handle' forming in the silver price...Gold/silver ratio already falling (below 80 now)...much further to go...

If silver drags gold with it, we're off to the races because gold/silver miners are very depressed relative to precious metals prices and every dollar rise adds a dollar directly to the bottom line...

AIMHO as usual...

[cl1nt1] 18/4/2018 12:32

PM Miners on fire today. This time I hesitate to say feels different from all those other false dawns in the PMs

[rougepierre] 18/4/2018 11:34

Silver is breaking out and there are at least four major players in this portfolio...

[cl1nt1] 18/4/2018 09:35

Miners seemed to have turned so I have bought a few more.

[rougepierre] 16/4/2018 15:56

15k 15k ad 20k today are all my buys...between 30.25 and 30.295...

Massive discount to today's NAV of 36.1p...

Silver at highest for 2 months...bashing on the door of a 10 week high and then we're off to the races...

Will JPM let it go this time...?

[dogberry202000] 08/4/2018 13:17

Cots crazy bullish in silver. Best set up "since records began in 1987" Daily Gold.
GPM has several silver miner holdings.

[stevieweebie2] 05/4/2018 16:01

Nav little changed why the sell off ?

[ohisay] 27/2/2018 02:03

To recap, gold companies are seeing a stable AISC, drastic improvements in balance sheets, growing cash flow and expanding margins. Yet the HUI is nearing double bottom territory and almost 40% below its 2016 peak, while GLD is less than 5% away from hitting new multi-year highs.

At this point, the risk/reward is far more attractive in the gold stocks compared to GLD. GLD just isn't appealing right now.

[dogberry202000] 14/2/2018 16:42

Just hold on. Things will come right, here. It's been the same with all the PM complex. The second half of this year is likely to be a good one. Patience is required and a three to five year outlook is what I've always held. BTW the volume since January has been exceptional. Things are changing here and the underlying shares should enable that change this year and next. The moving averages are also converging and this should lead to volatility in the share price.

[stevieweebie2] 13/2/2018 12:37

me too BD
Ive 3 years without profit, no divvy, need 43 just to B/E and 3% inflation aint helping, its not been a good invetment.

[brugen] 23/1/2018 19:42

dogberry, thanks for that. Very interesting. Like you I'm long in pm miners and also gold through physical and ETFs and I'm very optimistic about the next couple of months. The only fly in the ointment that I can see is the silver price which seems to be under performing compared to gold. Once that starts to move I'll feel a lot more confident.

[dogberry202000] 23/1/2018 19:16

brugen, just before NY opened someone, probaby bankers or hedgefunds, took down silver by 1.35% and then gold fell back by four dollars or more, dragged down by silver. If you check today's chart in silver the short attack is pretty stark. I can only imagine that they wanted to pull gold down much further in line with the talk among many gold investors that they expected a pull-back, with some thinking as far as the 1290 but most thinking around 1310 or so. The real motive for doing this, when the Dollar was toying with going under .90, would most likely have been to shake investors in gold and silver shares out of their holdings by picking up the same shares several per cent lower. I think "they" did this because it chimed with investors' bearish expectations, so the banks or whoever could trip these investors' stops, buy their shares and then ride the next wave up in PMs into February and possibly March. I think that this rise could be surprisingly extensive. There will probably then be a significant pull back in PMs possibly sometime in March or April into an intermediate cycle low.

All this, of course, is impossible to prove, so it's an opinion and, yes I could be wrong. But I've held my GPM shares and my US miners and rode out the attack this afternoon (our time). Using the evidence of my own portfolio I was down almost $10,000 dollars this afternoon but this loss shrank during the day and the last time I checked my PM and uranium stocks were UP around $1000.

[brugen] 23/1/2018 15:44

dogberry, could you expand a bit on what happened in New York this morning?

thanks

brugen

[dogberry202000] 23/1/2018 15:06

After a pretty transparent attempt to scare out weak hands this morning in New York I think PM stocks are now in store for one hell of rally! The Dollar is literally on the cusp of falling under .90 - and then it's "Good Night Vienna" for several weeks.

[anthony16731] 17/1/2018 11:18

Just waiting for the next move in USD after this pause in selling. NAV Here moving up still - miners are being bought.

[essential] 16/1/2018 12:35

Opened position this morning - looks like technical strength and breakout

[davebowler] 15/1/2018 13:08

Chart breakout I think.

[anthony16731] 15/1/2018 12:30

Agree. USD sub 9100, weak outlook. This should do well.

[ohisay] 15/1/2018 11:38

Classic Weak Dollar trade - I've been accumulating since the start of the year .

[invisage] 15/1/2018 11:08

Nice breakout here chaps