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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Golden Prospect Precious Metals Limited | GPM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 1.59% | 32.00 | 08:34:30 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.50 | 31.50 | 32.00 | 32.00 | 31.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 09/4/2024 00:31 by papillon The GPM sp, ValueHurts, is directly linked to the Gold price. When the Gold price goes on a bull run, the GPM share price follows suit (albeit there's always a time lag before the miners and hence GPM respond to the rising Gold price).I can see the shares that GPM currently holds in it's portfolio and their weighting in the portfolio by looking at the most recent GPM data sheet and the annual report, but as I know absolutely nothing about Gold and PM mining I don't know if they will turn out to be good, or bad, investments. I have to trust the judgements of the fund managers. I believe GPM have around 65 shares in their portfolio. However they do pick the odd dog; PUR was a classic example. As has been mentioned by others many of the so called experts have been bullish on Gold for ages, but their predictions have turned out to be wishful thinking and have proved to be completely wrong. I have based my buying of GPM on my GOLD price charts and not the predictions of the so called experts, who are often just talking their own book! I have also ignored my Strongly Bearish GPM chart ( it has only turned Strongly Bullish within the past week, or so). |
Posted at 08/4/2024 18:30 by papillon free stock charts from uk.advfn.comA Bullish "Golden Cross" (50 day EMA rising above an already rising 200 day EMA) has appeared within the last week on my GPM longer term chart. The GPM share price has already risen by almost 50% since the February 2024 lows. Hopefully this "Golden Cross" indicates that the rise in the GPM share price has much, much, further to go and the rise will continue for a long time! |
Posted at 05/4/2024 09:19 by papillon "The only concern for me is a general stock market selloff which will drag everything down."That happened in March 2020, 1hercule, at the start of the COVID pandemic. GOLD, Silver and GPM tumbled down along with everything else as punters panicked and sold everything. However GOLD, Silver and GPM quickly recovered as GOLD and Silver resumed their bull run. GPM went on to triple in less than 4 months before peaking along with the GOLD price. |
Posted at 24/3/2024 14:35 by papillon The above chart shows that GPM is worth buying when it breaks above a bottoming 200 day EMA (which often acts as support soon after to the GPM sp). GPM was obviously oversold when it dropped to 20p just over 15 years ago, when the 200 day EMA was over 40p. You'll notice that the GPM share price invariably goes back towards the 200 day EMA so when the GPM share price dropped to an oversold 20p at the end of 2008 was also a good time to buy.Similarly when the GPM share price rises far too high above the 200 day EMA (in other words it spikes up and it's overbought) it's a good time to sell! I can't predict the future, but history has a habit of repeating itself! That's mainly because humans are creatures of habit and invariably repeat the same mistakes again and again ad-infinitum! |
Posted at 24/3/2024 13:18 by papillon The "herd" need to start buying junior Gold miners and explorers again, Atlantic57. We need FOMO again in this sector.My GPM log chart shows that the declining 400 day EMA proved tough resistance that the GPM share price was unable to break above in H1 2023. The GPM share price is similarly unable now to break above the declining 400 day EMA. In fact there might be a small double top forming on the chart indicating a possible small fall in the GPM share price The RSI is also declining. However I can't predict the future, so let's see what happens. |
Posted at 21/3/2024 12:52 by arbus5000 KBaller - the subscription rights are an annual event, occuring at the end of every november.If you hold GPM shares on that date this year, you get the right to buy (or subscribe to) 1 more share of GPM for every 5 that you own at around 35p. If the GPM share price at that time is higher than 35p, it makes sense to use your right to get the extra shares. the price at which you can subscribe to shares is also set every year - for example that 35p price was based off the NAV of GPM last november, and the NAV this novemeber will be used to calculate the subscription price next year. |
Posted at 19/3/2024 13:14 by papillon 👍 arbus5000. I wonder why they don't trade in GPM? I remember last year that interactive investor suddenly stopped trading in GPM shares. I contacted the GPM fund managers and they sorted the problem. Evidently their "agent" hadn't passed on necessary information to interactive investor. Once that was rectified interactive investor started to trade in GPM shares again. |
Posted at 21/2/2024 17:31 by papillon free stock charts from uk.advfn.comAs you can see, seagreen, from this log chart comparing the share price performance of GPM vs Gold from mid 2015 to the end of 2018 and from the start of 2021 to the current day whilst the Gold price went sideways during these 2 periods the GPM share price plummeted. In fact history shows us that the GPM share price plummets when the Gold price falls, or goes sideways. Only when the Gold price rises and rises relatively quickly does the GPM share price take off and become a geared play on the Gold price! History has a habit of repeating itself!! Only time will tell if my bullish expectations for Gold (and hence GPM) become reality. I'm confident and that's the most important thing for me, seagreen. |
Posted at 15/2/2024 21:33 by 1hercule Sorry paps I meant GPM divided by the gold price but thinking about it as GPM is in pence it should be GPM/xauukp not used.Probably easier to do gdx or gdxj/xauusd |
Posted at 15/2/2024 20:39 by papillon free stock charts from uk.advfn.comGPM/XAUUSD long term log chart. You can see that the GPM share price only goes on a bull run when the Gold price does, 1hercule. At all other times (when the Gold price is declining and going sideways) the GPM share price falls. Hence I believe investors should view GPM as a short term investment, rather than a long term one. |
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