Golden Prospect Precious... Share Discussion Threads

[podgyted] 28/1/2021 01:08

Oz miners are indeed falling.

[ultrasharp] 28/1/2021 00:09

"Bitcoin is up over 600% over the last year or so"

I do know that robo21. I very much doubt if any chart could have predicted the buying frenzy that happened last year! I have never been tempted to buy Bitcoin. I never understood cryptocurrencies until recently. Those that did buy around 9-10 months ago and didn't sell when they had doubled in
price, congratulations are in order.

[podgyted] 27/1/2021 22:57

NA gold/silver miners have had a bad night against a background of gold and silver being down less than 1% probably closer to 0.5%. (Even Barrick and Newmont are down 4%).

I estimate a NAV being reported tomorrow of 57.2p - this does not include any falls in Oz overnight, which presumably is more or less nailed on.

[robo21] 27/1/2021 16:13

Bitcoin is up over 600% over the last year or so if only a chart had pointed me in that direction !!!

[ultrasharp] 27/1/2021 15:15

Gold is weak again today, but Bitcoin is in FREE FALL!

A small percentage fall in gold today, but a big percentage fall in Bitcoin. Cryptocurrencies are being hammered today.

[ultrasharp] 27/1/2021 15:12

Gold is weak again today, but Bitcoin is in FREE FALL!

A small percentage fall in gold today, but a big percentage fall in Bitcoin. Cryptocurrencies are being hammered today.

[podgyted] 27/1/2021 00:38

Market doesn't appear to like the prod'n update from WAF (still the largest holding at over 7%) - down 6% as I write.

[ultrasharp] 26/1/2021 12:26

The RSI and MACD for both gold and GPM are not yet giving buy signals. Just wait for these indicators to give buy signals. Look at the relevant charts contained in the intro of the bamboo thread for when to buy.

[ultrasharp] 26/1/2021 00:02

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[podgyted] 25/1/2021 22:11

Discount dwindling as NAV falls - not a good scenario. I estimate NAV at 59.5p today - to be published tomorrow.

Gold and silver are reasonably firm but mining shares are falling.

[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..


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[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!


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[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

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

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 14:32

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