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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 32.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.50 | 32.50 | 32.50 | 32.50 | 32.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
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Posted at 30/4/2024 20:52 by papillon "It's going to be a massive week for the stock market""It's a big week for the stock market with a deluge of economic data set to be released. A Fed press conference, the April jobs report, and quarterly earnings will be closely watched by investors. Here are five major events to keep an eye on this week, according to Raymond James' chief investment officer." |
Posted at 27/4/2024 15:58 by papillon "Gold Price Forecast – The Bull Run in Gold Miners is Just Starting""Key Points: After years of going nowhere, gold launched into the next stage of its bull market. While inexperienced investors might feel inclined to capitalize on recent profits, such a move could prove detrimental in the long run. Gold and silver miners have underperformed the metals for years - recent evidence suggests that may finally be changing." "Gold Monthly The monthly gold chart confirmed a major breakout, and we think prices could test $3000 in 2024. By 2030, we see prices trading over $8000." "Conclusion The gold bull market is in full swing, and sub-$2000 prices may be forever in the past. Gold miners are on the move and have a lot of potential. Silver could rip to the upside once it gets above $30.00. AG Thorson is a registered CMT and an expert in technical analysis." Some nice charts (the Gold monthly chart is a log chart). The article is well worth reading. This guy knows his stuff. |
Posted at 09/4/2024 15:36 by papillon They are definitely not delayed trades from a day or two earlier, weyweyumfozo.They are small and relatively small trades dated today. My personal opinion is that they are ignorant PI's selling when the bid price hits their previous buying price. They are probably just PI's who see the opportunity to exit GPM without incurring a loss. We could see this kind of behaviour all the way up to 72p as PI's who bought during the Bull run of 2020 (and subsequently) sell when the bid price matches their buying price. Unfortunately not all investors are rational and understand what is happening to Gold and Silver. Lots of PI's who dabble in shares are not clued up, unfortunately. |
Posted at 05/4/2024 18:39 by papillon 99% of my money is in GPM. Just have 3 very recent very small punts in EST, ARCM & MILA.My long term GOLD price chart turned Strongly Bullish at the start of 2023 (Golden Cross). My GOLD price chart has remained Strongly Bullish ever since then despite the volatility of the GOLD price in 2023. Gold & Silver miners are out of favour with investors, but that is slowly changing. Miner's sp's invariably lag the Gold & Silver prices when they go off on a Bull run! My short term targets for Gold & Silver are $2600+ & $34+ respectively (Bullish IH&S patterns). |
Posted at 24/3/2024 10:26 by papillon Take notice of what people do, not what they say! During the last 25 years Gold has advanced from circa $250 to the current circa $2150. What's wrong with that? It went from circa $250 to peak at circa $1800 10 years later, before falling back to circa $1000. It then rose back up to circa $2000 in the summer of 2020, a doubling in around 4 years! It's been going sideways since then, between circa $1625 and circa $2100, in a consolidation pattern, but has recently broken out to the upside. The Gold price is likely to drop back down to confirm that breakout.There's nothing wrong with Gold's performance over the last 25 years. The trouble is with the Gold miners! As a sector Gold miners are completely out of favour with investors. Will that change? I've no idea, but I'm hopeful. I go by my charts and my longer term Gold price chart turned Strongly Bullish at the start of 2023 and it's stayed Strongly Bullish ever since. Like I say I go by what people do and not what they say! What people do is reflected in my long term charts. Currently my long term Gold price chart is Strongly Bullish, but my long term GPM chart is still Bearish! I ignore what the so called experts say and JRB's convoluted charts and believe my charts instead. PS I've posted my Strongly Bullish Gold price chart and my Bearish GPM chart many times over the last 15 months. I'm hoping that my GPM chart soon turns Bullish 🤞🤞. |
Posted at 21/3/2024 11:17 by king_baller Can someone summarise, in layman terms, what the GPM subscription shares are, who gets them, how many, when, and at what price? For potential new investors looking in here. As they’re going to be a huge bonus in the coming gold bull market. |
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 05/2/2024 12:50 by papillon The EMA's on my longer term Gold price chart turned strongly bullish at the start of 2023 so I started buying GPM shares even though the EMA's of my longer term GPM chart remained strongly bearish. With the benefit of hindsight that was a mistake. My longer term GPM chart has remained strongly bearish. Why? Because junior Gold miners are out of favour with investors and have been for sometime. I should have waited for the GPM chart to show signs of bullishness before buying. That will only happen when the Gold price finally takes off and breaks out above $2100 and starts heading for $3000. When that happens junior Gold miners will again attract the interest of investors as a geared play on the Gold price and the "herd" will start buying them again. |
Posted at 01/12/2023 10:36 by different world I think investors are missing the story here.1. Equity markets, particularly the Dow/S&P are now overvalued. Both indices are well up this year, and this ahead of a certain recession next year. People seem to be chasing up the market in the US, and likewise at the moment in the UK, for no sane reason. When it finally cracks, a "santa rally" notwithstanding, there will be a torrent of cash looking for a home. Some of that will go into gold and silver. 2. Three wars currently raging around the world, Israel/Gaza, Ukraine, Yemen - are all in the end inflationary. Reconstruction, particularly in Gaza and the Ukraine will have to be paid for. More borrowings, more money printing, more eventual inflation. And a recession to boot. Investors will then run scared and want a home for their money. Some of that will go into gold and silver. 3. Central banks continue to buy and keep gold. China bought over 100 tons last month alone - we are coming into another buying season in Asia also. There is a recession on the way, and those same central banks who have been buying gold in large quantities for the past 18 months or so and continue to do so, will eventually be forced to slash rates to stave off the same recession they are causing now. When rates start falling, probably within the next four months or so investors will start looking for homes for their excess money. Some of that will go into gold and silver. 4. As far as GPM is concerned, we are offered currently at around 28.5p. Our NAV is around 35p, we have a gearing of around 17-20% and our portfolio is just starting to come off rock bottom as far as valuations are concerned. The words "coiled spring" come to mind here. |
Posted at 06/11/2023 14:15 by papillon You're just stating the obvious, FABIUS1. Junior miners are always high risk hence the attraction of GPM & GDXJ because the risk is spread across many companies.Junior gold miners will only become attractive to investors again when the gold price makes new high and investors believe that the gold price will continue to rise. You could be lucky and the GPM share price could drop back to below 20p. Will it? Who knows? It depends on the gold & silver price and investors attitude towards GPM. Things we have no control over. I'm hopeful that the gold price will breakout of the bullish ascending triangles that my charts indicate. I'm hopeful that the breakout will happen before the end of 2023, but if not before the end of 2024. 🤞 as always. |
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