Golden Prospect Precious... Share Discussion Threads

[atlantic57] 08/8/2020 10:50

Sorry if i have not pasted this properly but the link is to Sprott Money and an interview with Sprott.

he seems to be on steroids as he is talking gold 3300 by 31 12 2020 and silver at 75 i think.





hxxps://www.sprottmoney.com/Blog/after-an-incredible-week-huge-things-happening-in-silver-weekly-wrap-up-august-7-2020.html?utm_source=newsletter&utm_medium=email&utm_campaign=wwu_aug/7

[different world] 07/8/2020 20:47

LOL vacendak.

All is coming good imo, today was a healthy prelude to the next up leg.

[different world] 07/8/2020 20:45

Important to note that since gold sailed through $2,000 per oz to an intraday high of $2071, it has maintained, even tonight after a pretty sharp pullback, a consolidation range of $2030-2050.

It's still there as I type at $2032.78.

Again, I have to mention the average. The August average so far is $2025.

By far the highest on record, so those thinking that the peak has happened and GPM's plays maybe are over the top should think again.

It's when the results come in from our plays that the true value here will eventually be realised.

Never have these smaller gold and silver plays had income and potential profits like now.

[vacendak] 07/8/2020 20:21

Quick I need to buy myself some more gold and silver to hedge against the losses in my gold and silver miners. :)

[different world] 07/8/2020 19:33

Gold holding on at $2030 and silver above $28 so no big deal really.

Can't understand what the fuss is about to be honest.

[different world] 07/8/2020 17:01

Gold hammered down to $2030, profit taking is healthy.

This will only be temporary, next week it will make new all-time highs.

[phoebusav] 07/8/2020 16:32

Silver now up again since US jobs data report. GDXJ also looks to have bounced nicely off long term support. Expect some more healthy consoldiation before we more higher. This week the smaller PM plays like CNR, GFM, CGNR, ERIS, GDP, UFO, KAT and JLP seemed to have perforrmed very well whilst the more popular stocks have tread water.

[different world] 07/8/2020 16:07

Decent day I reckon - still excellent value with good entry point, and a pretty good bounce off the low, considering gold is weaker today.

Still in the range $2030-2050 though so no harm done at all.

[32campomar] 07/8/2020 15:39

Think I spoke too soon!!

[steve73] 07/8/2020 15:05

Well the buying started just about where we dropped under the diluted NAV..

Our ASX were mostly down today, and our TSX have all except 1 dropped on opening.

Perhaps the buying was a bit too hasty...?

....and the subs are now more equally priced.

edit.. Yesterday's NAV just reported as 65.37p

[qs99] 07/8/2020 15:05

Decent volume again. SC selling still? Provides us all with a nice dip and buy oppo!

Cheers

[phoebusav] 07/8/2020 14:44

Good old fake jobs report. LOL

[kenmitch] 07/8/2020 14:06

papillon

I don’t know where you got the idea that I don’t agree re your NAV point.

I’ve pointed out several times that the 65.5p latest NAV reflects the subs being exercised and the higher 75.16p NAV figure if they expire worthless/very few if any more exercised.

[32campomar] 07/8/2020 13:46

Yes, if ever you wanted a better signal of the strength of the gold bull market it's gold shrugging off the stronger job numbers.

[different world] 07/8/2020 13:38

Gold showing strong resilience, $9 up from the earlier low, down just $5 on the day now.

[32campomar] 07/8/2020 13:33

Better US job numbers might mean bit of a pullback for gold short term

[different world] 07/8/2020 13:32

Jobs created up 1.8m - 400,000 more than expected.

Gold down around $13, but unemployment rate slowing down, so although not specifically bullish for gold today as state lockdowns look to continue it will support bullion as the Fed are forced to keep interest rates at zero and carry on with further stimulus measures.

[steve73] 07/8/2020 12:04

yes - but he's been keeping the header upto date every month... and only very recently added the LOOOONG HL link

edit - thanks fordtin..

[noirua] 07/8/2020 12:01

fordtin last posted on 10 April 2013. Still around though it seems but refraining from posting.

[different world] 07/8/2020 11:57

My last batch was around 69p yesterday, but I'm tempted now.

Gold slightly off for the day, but whats $10-20 when it's riding over $2,000.

All eyes on the financial media at 1.30 then.

[ohisay] 07/8/2020 11:33

Mr Market gives me 63p offer .I've taken it ..

[different world] 07/8/2020 11:30

Could well be QS99 - a bit riding on the job figs in two hours though.

[qs99] 07/8/2020 11:27

is that the clearance?

[different world] 07/8/2020 11:02

The mm's seem to have filled their boots pretty cheaply today.

[greenrichard] 07/8/2020 10:58

Just bought £5k worth at 63.24. Small spread at the moment