Golden Prospect Precious... Share Discussion Threads

[papillon] 10/4/2021 21:34

There have also been a number of placings to "satisfy investor demand" recently, oooff.

[oooff] 10/4/2021 18:42

Geiger counter GCL , announced a rights issue plan recently. GPM may do something similar, as both had similar subscription shares.

[oooff] 10/4/2021 14:08

There will be hybrid cars for a long time that will still need a cat. The loading of precious metals in the cats could increase if emissions regulations are tightened further. Maybe hydrogen cars, but most likely most large vehicles, HGV's , buses even planes are looking to run on hydrogen which will need platinum.

[papillon] 09/4/2021 21:55

There are potentially bullish IH&S's forming on both gold and silver intraday charts. Will they form? Probably not!

[papillon] 09/4/2021 21:52

Yet another opinion on the direction of gold.

[papillon] 09/4/2021 18:00

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Well platinum has definitely performed much better than gold since August, oooff, rising by over 20%. However according to the Ichimoku chart it may have peaked.

PS. Will the market for platinum in catalytic converters disappear as petrol cars are gradually replaced by electric ones?

[oooff] 09/4/2021 17:34

I would like to see GPM have more platinum exposure. Approx 30 times rarer than gold.
10000 tonnes estimated to be all platinum ever mined, works out at around approx 361.5 million troy ounces. Mined Supply of 200 tonnes a year = approx 6.5 million troy ounces.
Over 70% mine supply from South Africa, about 12% Russia, neglible other countries mainly Zimbabwe. Can not really increase mine supply easily. Around 1.2 million ounces from recycled car cats per year which will be stagnant and more than offset by future demand.
Around 3.5 million ounces in ETF's which is not a lot.
Bitcoin @ 1 trillion cap is currently valued at approx 3 times more than all the platinum ever mined.

[papillon] 09/4/2021 12:43

There is resistance at 50p on the GPM chart. A close above 50p and 57-58p is my next target.

[papillon] 08/4/2021 21:30

Uranium has been a great performing metal so far this year, DIAMOND. On the back of uranium's rise the investment trust, Geiger Counter (GCL), specialising in the shares of uranium miners, has risen from 15p to a current 42p in just over 4 months!

Thanks for mentioning ATM by the way, DIAMOND. Currently 6.3p it was only just above 2p 4 months ago! The Ichimoku charts for both ATM & GCL are both strongly bullish and have been for around the last 4 months.

Hopefully the strong performance tonight of gold & silver will be reflected in the GPM share price tomorrow.

[papillon] 08/4/2021 18:59

I wish now, DIAMOND, that I had been following copper and other metals instead of gold since last August as copper, for example, has risen substantially (over 60%) since August whereas gold has fallen substantially.

[papillon] 08/4/2021 16:09

👍 Good post, DIAMOND1. Very good observations. I agree with you 100% on copper (Cu) and tin(Sn).
Looks like the bullish double bum (bottom!) could have formed on the gold chart. Could be looking at 1825+ for gold soon. I'll have to look at the silver chart later.

[diamond1] 08/4/2021 14:29

The commodities 'Super Cycle' is only just starting to get going. As the world comes out of lockdown, there is going to be a tremendous surge in demand.

Silver in particular will see massive upside and it's likely to happen towards the end of this year. Why? Because as things stand at the moment, there are 350 times as many paper contracts completed every day, as there is physical Silver. When traders start to want actual physical delivery, the preverbial, will hit the fan.

Copper and Tin are also going to be hugely in demand. People don't really consider Tin normally, but as technology gets going after lockdown, more and more Solder will be needed for circuit boards, and Tin is a major component of Solder. Have a look at ATM (Afritin)for a play on Tin.

All in my very humble opinion of course.

[12string] 07/4/2021 17:34

Shorting gold and gold miners? Methinks the it's getting a bit late for that. Shorting the DOW promises to be fun!

Anyway, GPM is now on sale for 15% discount to NAV. Look at the fundamentals; the Fed is spinning the tale of low price inflation and even if we get a bit, it won't last for long. People are starting to realise the spin. The Chinese national debt is 2.5 time GDP and the govt are no longer prepared to support failing companies. Chinese product prices are rising 7%. US is pouring $$$ into the labour force with more trillions to come

[atlantic57] 07/4/2021 15:29

UST 10YR – Consolidation Signal here as well with the UST 10YR Yield finally correcting towards the low-end of the refreshed 1.60-1.79 @Hedgeye Risk Range (1.65% last); next catalyst is the USA’s Producer Price (PPI) Inflation #accelerating report on Friday; good spot to be re-shorting both Gold and Gold Miners (GDX) post the recent bounce.


Commentary from another talking head

[papillon] 07/4/2021 12:54

Well the gold price never got to 1750. Such is life! 😁

[papillon] 06/4/2021 19:15

The gold price needs to rise above 1750 before a bullish double bottom has formed. It's currently close, but not quite there. You can't predict a double bottom before it has formed, something the article doesn't make crystal clear.

[papillon] 06/4/2021 17:01

Who posted last week that we should ignore the gold (and silver) prices and instead concentrate on the miner's in the GPM portfolio? Evidence today, if ever needed, that strength in gold & silver is soon reflected in a rise in the GPM share price Perhaps we might soon see that bullish double bottom form on the gold chart? Fingers crossed!

[papillon] 06/4/2021 15:42

Gold and silver doing well. GPM now following with a 1p rise.

[papillon] 06/4/2021 14:20

Well the gold & silver prices are trying their hardest to rise.

[papillon] 05/4/2021 18:20

I don't trust broker and banker target prices. They are just guessing.

[papillon] 05/4/2021 15:37

Another, opposite, opinion expressed in the Times!!

[papillon] 04/4/2021 11:36

There is a potentially bullish Inverse Head & Shoulders (IH&S) forming on the Bitcoin chart. Possible target price is 65k+.
PS You can't predict an IH&S, or any other chart pattern for that matter. You have to wait for it to form. It has a 70% chance of successful outcome IF it forms.
There was a successful IH&S formed during mid February to early March.
I don't own any Bitcoin. I suspect it's madness and the price will start to crash one day, but when and from what peak I have no idea.


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[papillon] 03/4/2021 23:16

arbus5000. These 2 year charts of GPM and the Price of Gold show how closely correlated they are. The managers of GPM are well paid to research and then pick the right mining shares, whereas I'm not paid to do so! That's why I'm invested in GPM and not the individual miners. I have neither the time, inclination, money, or knowledge, to pick and manage a portfolio of gold and silver miners. However I want the gearing effect of investing in the miners rather than the metals themselves, hence why I've stuck my money, rightly, or wrongly, in GPM shares.


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