Golden Prospect Precious... Share Discussion Threads

[x54v] 15/4/2021 15:15

Gold price moving strongly today. The start of a new swing up perhaps.

[papillon] 15/4/2021 15:15

Gold and silver are taking off. Bought more GPM. Ichimoku chart turning bullish.

[papillon] 15/4/2021 14:17

No problem, x54v. There is a small bullish ascending triangle forming on the GPM chart, x54v. Target price 55p+

[x54v] 15/4/2021 13:22

No probs papillon. I didn't scroll back before posting.

Good to see Malcolm Burne buying at this level. He must be confident for a move up from here.

The price certainly looks to be breaking out above the 50p level.

[papillon] 15/4/2021 13:06

I've bought back, today, most of the GPM shares I sold earlier this week (in a fit of pique) . The time to sell was last August /September, not now.

[papillon] 15/4/2021 12:27

I posted that link 2 days ago x54v. 🤬

Shareprophets having been ramping gold and GPM for ages. Let's hope they are right this time!

[x54v] 15/4/2021 09:11

"Golden Prospect – FY20 Numbers released: still a buy, shares will double in value"

[x54v] 15/4/2021 09:02

Director buying

[papillon] 14/4/2021 14:47

Just when it looks like the news is rosier for gold, podgyted, the price falls again!!

At the moment Bitcoin and the other cryptos are the only game in town. That's where all the action is. I still think we'll have to see Bitcoin come off the boil and the price crash back down before gold takes off again.

PS The Bitcoin Ichimoku chart went Strongly Bullish around a year ago and it's stayed Strongly Bullish ever since! I'm hoping and praying it turns Strongly Bearish and soon! Fingers crossed.

[podgyted] 14/4/2021 14:29

Been there, done that and most definitely have the T-shirt.

[podgyted] 14/4/2021 00:32

Alternative investment style.

I don't look at gold charts (except to see whether it's moving up or down that day) but look at the prices of the shares held by GPM as disclosed in their top ten.

So today I re-entered at 47.879p (amazed I was offered this but if you request quotes on GPM as often as I do every so often you strike it lucky) - discount was @15% and at the time and gold was rising. Don't know whether this will work or not but it was a good starting point.

My model is currently giving a NAV to be reported tomorrow of 58p and this is without my current expectation of increases in Oz in the morning.

It might all go pear-shaped, but if you buy in low enough (wrt NAV discount) your downside is limited.

Trying to predict where gold is going is a mugs game - where are all the analysts who where predicting $3,000 - $5,000 but a few months ago?

But, each to his own. GLAH

[papillon] 13/4/2021 12:57

I admit I got Bitcoin completely wrong. I should have believed my Ichimoku chart! The Bitcoin Ichimoku chart went strongly bullish around a year ago and it's stayed strongly bullish ever since then.

[papillon] 12/4/2021 22:32

3 GPM charts. All bearish. The 2nd shows a potentially bearish H&S chart pattern. The 3rd shows a potentially bearish "death" cross.

I sold half my GPM shares today. Unsure about whether to keep the others. Whatever I do I'll buy them back when the Ichimoku chart turns strongly bullish again like it did at the start of April 2020. I've been ignoring my bearish charts in the hope that gold will shoot up again like it did last year, but my patience is wearing thin.

[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

free stock charts from uk.advfn.com


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.