Golden Prospect Precious... Share Discussion Threads

[papillon] 09/12/2024 23:27

Good article; well worth reading.

[papillon] 09/12/2024 19:08

This guy puts Lawrence Lepard to shame! He's predicting $36k GOLD! He's obviously been studying the Macrotrends 100 year inflation linked GOLD log chart and my target price from the 44 year Cup & Handle pattern that formed earlier this year on this Macrotrends chart! 🤣🤣

[papillon] 09/12/2024 18:52

"A more recent Lawrence Lepard video: Big print coming - fully expect $5k Gold and $200k BTC"

[papillon] 09/12/2024 18:39

"Video: The Debt Doom Loop and the New Era of $4K Gold, $100 Silver, & 200K Bitcoin"



"Investor Lawrence Lepard makes some massive calls."

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I haven't watched the video, but I suspect that Lawrence Lepard has been looking at my log charts and target prices! 🤣🤣

[papillon] 09/12/2024 17:28

GPM closed up 2.07%, whereas GDXJ closed up 5.27%

[kickingking] 09/12/2024 15:12

Strange thing to say, people sell for many different reasons. Maybe they sold and bought into another company that has risen more since.

[m24xp] 09/12/2024 14:57

Wow, at least 3 of our stocks up 9-10%+ already!

Those 36p subs not looking so bad now :)

[12strings] 09/12/2024 14:48

So with Papillon's link to other PM price sensitive factors, we might just see the PM miners start to break free. I also hope that the GPM portfolio being so small, it won't take a shed load of buying to raise the share price significantly. 0.25 up - could this be the beginning of a happy new year for GPM? !!!

[m24xp] 09/12/2024 14:44

38.5p to buy in any quantity now. Wouldn't like to be one of those people bizarrely selling at 35p last week, today!

[12strings] 09/12/2024 14:39

Significant moves up in both gold and silver today. Methinks Trump's warnings to any country that supports a BRICS currency have brought the BRICS proposal for a periodic inter-country trade-settlement "currency", BACKED BY GOLD, to centre stage.Personally I think he shot from the hip and will be heavily criticised for exposing what the BRICS have already successfully piloted

[papillon] 09/12/2024 14:32

"Solid price gains for gold, silver after busy news weekend"

[arbus5000] 09/12/2024 12:27

Small top-up this morning with the discount still at 25%.

I wouldn't object if gpm used the subs proceeds to invest in silver or PGMs, both are undervalued wrt gold at the moment.

[bitgold] 09/12/2024 11:19

Platinum also having a little kick up today, along with silver. I hope GPM are deploying more into this area, as on the long term chart Platinum has massively lagged gold - all of my life, it's been drilled in that Platinum is more expensive than gold, but now it's close to a third of the value.

[12strings] 09/12/2024 11:16

Silver looking as though it might break out of consolidation, maybe a better short term bet than gold? Could be linked to more positive economic news from China? Come on GPM! HOC's chart looks good and with positive growth prospects, I've now got a small position in HOC. GPM is my only other much larger PM shareholding.

[liberace pickles] 09/12/2024 10:00

Cornwall ?

[different world] 09/12/2024 08:56

Welcome back Pap - didn't look in over the weekend as away.

Good to see gold up $15 this morning too. As M24XP has rightly observed above there is less dilution now, and the Nigel Somerville article was again very positive. Somex extra funds available now whilst the miners are still cheap.

It's a whole year away but the 48p subs price next year really now could look cheap.

[papillon] 08/12/2024 22:15

👍 12string. I only have one share and that's GPM. I won't be buying either FRES, or HOC. I know almost zero about either company, but their charts look interesting. At the moment both FRES & HOC, from their charts, look to offer more short term potential than GPM, but that's probably due to their link to SILVER.
Of course investing in individual miners can be dangerous as RSG and PUR have shown.

[12string] 08/12/2024 22:02

Thanks pap, I'll be looking at FRES and HOC again. Obviously if silver and gold strength continues, all miners are going to benefit. FRES CEO didn't impress me in a recent webcast with Q&A. Volume is shrinking, they have a reputation of promising more than they actually deliver and offered little to address the longer term growth issue. They gave no indication of being serious about an acquisition. So the shares trade very cheaply. Paradoxically their bottom line profit may be likely to benefit more (as %) than well run more profitable outfits. And they're big, less risk. JP Morgan tipped them to 900p if I'm not mistaken. a few months back.

I'll look at HOC first I think.

[papillon] 08/12/2024 20:48

The FRES & HOC charts, 12strings

[papillon] 08/12/2024 20:42

👍 12strings. You make some very good observations.

[12strings] 08/12/2024 20:22

I fully subscribed to the offer and though we may see some short term volatility, I see the long term uptrend in gold and silver continuing.I sold both FRES and HOC near their recent peaks, but am now so overweight PMs, I'm likely to hold what cash I have left, just in case we have a black swan event that causes a 'sell everything' reaction. It's amazing that the price of oil for example went to zero when COVID struck

[12strings] 08/12/2024 20:13

Central Banks are surely going to continue accumulating gold. The BRICS balance of trade settlement proposals will continue to be developed. Trumps threats will only embolden them and I can see the US$ continuing to weaken. Neither can I see the USA selling gold to buy BitCoin. What would that do to US$ strength?!!! Trump has today indicated that he won't try to oust the present Fed chair.

[12strings] 08/12/2024 20:05

Great posts Papillon! Hindsight often makes us look foolish. Like you I realise through past experience that it's wise to take profits when there are plenty of buyers. I didn't either! The sentiment towards gold and silver couldn't have been stronger, and miners were still under-valued. So we should forgive ourselves? I too think that 36 on the bid is going to prove a buying opportunity!