Golden Prospect Precious... Share Discussion Threads

[papillon] 07/3/2021 16:59

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

Not the first time he's predicted a bottom. Let's hope he's right this time!

[papillon] 06/3/2021 14:46

Gold futures chart. If support at circa 1700 fails, then there is even more support at 1600 and if that fails then there is support at circa 1500. Hopefully we'll see a bounce back up from current levels, but it's in the lap of the God's! Be nice to see some upwards movement from the RSI & MACD.


free stock charts from uk.advfn.com

[atlantic57] 06/3/2021 10:54

Well worth listening to ,challenging the traditional views on inflation/gold

[ian_2] 05/3/2021 15:12

Cheers bdr. Much appreciated.

[bigdazzlerreturns] 05/3/2021 15:04

Ian_25 Mar '21 - 08:26 - 609 of 612
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Hi bigdazzlerreturns,I've recently started buying in here, good points you make regarding the gold chart.Do you have a view on the silver chart?





Ian personally speaking I can still see weakness in the silver chart and at some stage this year I can see us get much closer to the $20-21 range.

However keep in mind these are my current views on price and if the technicals on price change so will my view and thus my trade plan. Also I do get trades wrong I’m definitely not a fantasy trader.

Very long term I am a silver bull and I think as the economy expands fundamentally silver price will rise due to increase demand.

[bigdazzlerreturns] 05/3/2021 12:53

papillon5 Mar '21 - 09:30 - 610 of 611
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bigdazzlereturns, you say you can easily see the POG dropping towards 1700 soon. I've got news for you; it's been there for days!
Of course the POG could drop back down to 1200-1400. Equally it could return to last year's highs. Unfortunately, though I do use charts, charts can't predict the future. They are historical records only. Admittedly history has a habit of repeating itself, but fundamentals and how investors view that fundamental news will drive the POG. At the moment it's impossible to know the direction of the POG. Support and resistance levels are acknowledged as the most important chart indicators of future price movements and at the moment support around the 1700 level is holding as my gold chart last night shows.






Excellent papillon, I thought if you use TA /charting you would analyse in detail?

Have you seen when I posted? The date is a clue. I thought this was a serious thread as gpm is imo a serious investors stock.

As for TA being a thing it is it makes me a living. It’s all about positive expectancy with trades. Which yes means you can be wrong as many times as you are right, in fact you can be wrong more times than your right with trade calls and still make a profit just by keeping your losses small and your winners big.

However I have scaled in a 1/3 holding today as I can see a bounce. However I am concerned I’m being too much of an eager beaver.

[papillon] 05/3/2021 11:32

The rise in the GPM share price this morning indicates (to me) that some investors believe that support for the POG at around current levels will hold. The GPM chart I posted last night also indicated that the GPM share price was testing support. Again that support seems to be holding, but none of us can predict the future as eminent chartist, Jordan Roy Byrne, has proved over the last few months with his erroneous short and medium term chart based predictions.
Another consideration to ponder is the sheer irrationality of investors. The irrational rise of Bitcoin from 4k to 60k in less than a year highlights that. However even irrationality doesn't last forever as the current Bitcoin price is showing.

[papillon] 05/3/2021 09:30

bigdazzlereturns, you say you can easily see the POG dropping towards 1700 soon. I've got news for you; it's been there for days!
Of course the POG could drop back down to 1200-1400. Equally it could return to last year's highs. Unfortunately, though I do use charts, charts can't predict the future. They are historical records only. Admittedly history has a habit of repeating itself, but fundamentals and how investors view that fundamental news will drive the POG. At the moment it's impossible to know the direction of the POG. Support and resistance levels are acknowledged as the most important chart indicators of future price movements and at the moment support around the 1700 level is holding as my gold chart last night shows.

[ian_2] 05/3/2021 08:26

Hi bigdazzlerreturns,I've recently started buying in here, good points you make regarding the gold chart.Do you have a view on the silver chart?

[atlantic57] 05/3/2021 08:19

bigdazzlerreturns

Most advfn bb ony want posters who have the same view to post on the bb.

When things look bullish everyone wants bullish posts when things are bearish everyone posts bearish comments.

[bigdazzlerreturns] 04/3/2021 23:35

bigdazzlerreturns25 Feb '21 - 17:58 - 562 of 605 Edit
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Pog on the daily turning negative again.

Something that no one seems to mention is the long term gold chart looks very negative.

Macd on the monthly chart is not looking rosy, the macd lines are about to cross confirming negative momentum. However the averages I use are still pointing up and the faster average is still above the longer average so that’s still a case for the bulls.

However I could easily see POG dropping towards 1700 soon and I do see a case much longer term for price heading back towards the congestion zone of 1400-1200.

For me there is no way I want to be a overweight in gold stocks at the moment with a long term view, anything but. I think the long term sales are coming and it will be cheap.






Said all this recently but no one seemed interested.

[papillon] 04/3/2021 23:34

I hoping that the gold price and GPM share price wont drop below these support levels, but I could have overdosed on Prozac! 🤣


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[podgyted] 04/3/2021 22:58

FWIW - my model suggests a NAV for today, to be reported tomorrow, of 51.5p.

That said I can't see Oz doing anything other than falling tomorrow so by then (?) sub 51p.

GPM still gives a substantial discount at this level - but what should the discount be when the NAV is falling quite fast because gold/silver miners seem totally out of fashion?

I have no idea.

[atlantic57] 04/3/2021 22:00

Jerome Powell has now boxed himself into a corner it will be+interesting to see what he does about getting himself out of the corner.

Markets have not bought his mild inflation comments

[papillon] 04/3/2021 19:10

The sh*t has hit the fan, podgyted!

[podgyted] 04/3/2021 19:02

What a ridiculous uncrossing trade tonight.

However, in hindsight it may be prophetic as the US goes through the $1,700 mark for gold and, who knows, potentially the $25 for silver.

Top 10 NA shares literally nose-diving at the mo.

[atlantic57] 04/3/2021 13:09

If Only !

I wish i had your skills to read the charts ahead of events.
i tend to follow the commentators and with regards to my gold holdings i am now a beached whale :))


It is a good time to buy gold shares because sentiment is against them , however how long you will have to wait is another matter...

[papillon] 04/3/2021 12:53

I ignore all the so called experts with vested interests, atlantic57.

Look at the gold chart for last year. There was an awful lot of resistance in the 1700 to 1760 range during April, May and early June following the sell off in March and rapid recovery in the gold price. That 1700-1760 resistance has now turned to support. Will it hold and if it does how long before gold breaks out again? If only I knew!! 🤣

[atlantic57] 04/3/2021 10:40

12 String

My post 592 sums up my view.

I agree with your final line .At some point the fed will loose control of the situation.
However if you have the ability to preDict when this will happen ,then you are a head of all the commentators.

Jordan Byrne is the best of the bunch for me.He calls it as it is without an agenda.

I increasingly find these you tube videos extremely irritating . The guys interview the same old faces Peter Shiff Jim Rickards and various gold bulls the interviewers never ever ask them why they have been consistently wrong .The guys on Sprott money are selling gold and therefore have a vested interest in permanently painting a picture that the world is about end and gold is your only hope.

One day Rodders...

[highly geared] 03/3/2021 21:28

RSI through the floor. Should bounce on technicals..

[noirua] 03/3/2021 21:07

Hopefully, the time to buy is now whilst so many are bearish and to hold on to Gold and silver stocks. The Bitcoin bulls are working overtime and the price is gyrating and Bitcoin shares are now yoyo stocks.