Golden Prospect Precious... Share Discussion Threads

[fordtin] 23/1/2021 10:36

Quote from December fact sheet; HTtps://ncim.co.uk/wp/wp-content/uploads/2021/01/CQS-New-City-GPPM-December-2020.pdf "Precious metals continued to perform well with rising Covid-19 cases from the new more infectious strain, raising the prospect of tightening restrictions on global movements and increased government stimulus. Rates are expected to remain ultra-low and global aggregate negative yielding debt reached a new high of over US$18trn, as measured by the Bloomberg-Barclays Aggregate Index. Over the month, gold rose 6.8%, while silver, which has gained focus for its use in environmental stimulus (such as its use in photovoltaic solar panels) as well as its use in other electronics (such as the roll-out of 5G communications infrastructure), rose 16.9%. Against this backdrop all outstanding Golden Prospect subscription shares exercised with a resultant £13m inflow of funds. The Fund’s NAV increased by 12.2% compared to Sterling returns for the Gold Bugs and Philadelphia Gold and Silver Index of 5.8% and 4.8% respectively, while the GDX and GDXJ equity ETFs returned 1.2% and 7.7% respectively. Silver-related equities made strong contributions to the Fund’s performance, most notably from producer Fortuna Gold & Silver and developers: Sabina Gold & Silver, Silvercrest and MAG Silver. Proceeds from the share issue were invested into some more liquid names that had traded down into the end of November together with some additions to existing holdings. This included participation in a placing by Australia gold developer Calidus"

[papillon] 22/1/2021 22:22

3 month GPM chart. Well we've had a complete Elliot Wave Up Cycle (waves 1/, 2/, 3/, 4/ and 5/) and an a/, b/, c/ corrective downward phase. Will we get another a/, b/, c/ downward corrective phase before the GPM share price starts another EW Up Cycle to retest July's high? Whether we do, or not, a retest of July's high is on the cards and fundamentals and the bullish chart forecast last July's resistance level will be broken and the GPM share price will achieve new highs in 2021.. free stock charts from uk.advfn.com

[papillon] 22/1/2021 22:14

3 month GPM chart. Well we've had a complete Elliot Wave Up Cycle (waves 1/, 2/, 3/, 4/ and 5/) and an a/, b/, c/ corrective downward phase. Will we get another a/, b/, c/ downward corrective phase before the GPM share price starts another EW Up Cycle to retest July's high? Whether we do, or not, a retest of July's high is on the cards and fundamentals and the bullish chart forecast last July's resistance level will be broken and the GPM share price will achieve new highs in 2021.. free stock charts from uk.advfn.com

[papillon] 20/1/2021 23:02

The GPM chart looks bullish to me. Similar 50 & 200 day SMA positions to around 9 months ago. History has a tendency to repeat itself! free stock charts from uk.advfn.com

[papillon] 20/1/2021 22:56

The GPM chart looks bullish to me. Similar 50 & 200 day SMA positions to around 9 months ago. History has a tendency to repeat itself! free stock charts from uk.advfn.com

[ultrasharp] 20/1/2021 15:32

The Gold chart is still very bullish (unlike the Bitcoin chart: the Bitcoin price has risen too high, too fast). It wouldn't surprise me to see the GPM share price soon retesting it's last summer high of over 70p. I had a small GPM top up yesterday morning. I also had a small top up late last week, but I was a bit early with that. ATB PAPILLON. I use the nickname of ultrasharp when posting using my mobile because advfn informed me papillon was already in use when I tried to use it on my mobile! As if I didn't know!! 😂

[diamond1] 20/1/2021 15:18

podgyted, Wall Street has just woken up to the fact that Trump has finally gone. This move in Gold and Silver is hopefully just the start.

[podgyted] 20/1/2021 14:17

I don't know though !!!

[podgyted] 20/1/2021 13:10

It was all going so well until the Americans woke up.

[papillon] 19/1/2021 19:36

hTTps://www.kitco.com/lfgif/au3650lf_ma.gif hTTps://www.kitco.com/lfgif/au0365lf_ma.gif Couple of charts showing that the Gold uptrend which started around 2 years ago is still intact. My target price is US$3000 Unlike the Bitcoin price, the Gold price never drifts too far away from the 200 day moving average. The Bitcoin price will crash back down to it's 200 day moving average.. It's done that before, around 3 years ago.

[papillon] 19/1/2021 19:29

hTTps://www.kitco.com/lfgif/au3650lf_ma.gif hTTps://www.kitco.com/lfgif/au0365lf_ma.gif Couple of charts showing that the Gold uptrend which started around 2 years ago is still intact. My target price is US$3000 Unlike the Bitcoin price, the Gold price never drifts too far away from the 200 day moving average. The Bitcoin price will crash back down to it's 200 day moving average.. It's done that before, around 3 years ago.

[oooff] 18/1/2021 22:18

davebowler - Would prefer a PGM miner ETF or fund like GPM to spread risk. Rhodium is around 100 times rarer than gold. Just over 20 tonnes are mined each year. Works out to about 800 and something thousand people could each buy a 1 troy ounce bar each year without any industrial demand. Probably more scarce than bitcoin.

[davebowler] 18/1/2021 15:19

hTTps://www.investmentweek.co.uk/news/4025944/russian-firm-mining-company-launch-metal-etcs?

[davebowler] 18/1/2021 14:32

oooff -I presume you've looked at Sylvanian Platinum and Tharisa then??

[noirua] 18/1/2021 13:54

NAV = 61.20p Share Price 52p (discount 15% to NAV) Offer price 53p (discount 13.3% to NAV)

[podgyted] 18/1/2021 01:02

As I watch the Oz shares are down quite a lot tonight/tomorrow morning. WAF - 4% WGX - 2% CAI - 5% Bed time - hope its better tomorrow.

[podgyted] 18/1/2021 00:38

Might well get to below 50p without the discount widening. Gold/Silver shares definitely out of favor currently.

[podgyted] 18/1/2021 00:33

Not looking good in Oz tonight so far.

[ultrasharp] 16/1/2021 15:10

hTTps://moneyweek.com/investments/alternative-finance/bitcoin/602605/bitcoin-fools-gold-or-the-new-gold

[noirua] 16/1/2021 00:50

Hopefully, there will be a chance to get back in again below 50p if the discount widens again to near 20%. Max Kaiser sees Bitcoin at $220,000 in the fall of 2021. Hasn't said what he is holding in Bitcoin but probably in excess of 5 billion dollars as he was around in the market in the 10c days.

[podgyted] 15/1/2021 23:45

Bad night in North America. When they report on NAV on Monday it will be the 7th straight day of falling value.

[oooff] 15/1/2021 17:31

Max Keiser recent tweet saying if bitcoin gets to $200000 will buy gold and bust the gold market [...] Bitcoin getting slammed. I bought a chunk of GPM in 2016 @ around 20p. At same time I was buying 1 ounce Rhodium bars for just over £700 with VAT. Rhodium now £150000 an ounce ex VAT. No futures contracts with Rhodium unlike Gold. Shows what could happen to Gold if bullion banks loose control of paper futures Gold market.

[diamond1] 15/1/2021 11:11

Bought into these yesterday ahead of the Biden stimulus announcement, which was actually a little disappointing. Stimulus payment to Americans topped up to $2,000. Add that to his likely spending plans, (Infrastructure etc..) it could be just the first of several packages. All good for Gold.

[ultrasharp] 15/1/2021 09:59

hTTps://www.theguardian.com/us-news/2021/jan/14/joe-biden-coronavirus-stimulus-package US$1.9trn Biden stimulus package MUST BE GOOD NEWS FOR THE GOLD PRICE!

[atlantic57] 15/1/2021 09:51

hTTps://www.sprottmoney.com/blog/Stimulus-on-Steroids-Cometh-David-Brady-Jan-14-2021 Interesting Balanced article