Golden Prospect Precious... Share Discussion Threads

[papillon] 29/4/2021 01:25

Gold & silver continuing to rise. Could bode well for the GPM share price today.

[papillon] 28/4/2021 20:15

Gold & silver currently hitting intraday highs. Should be beneficial for the Australian miner's sp's overnight.

[papillon] 28/4/2021 16:38

Well, podgyted, the GPM Ichimoku chart turned Strongly Bullish on the 19th April on a normally reliable signal (Senkou Span Cross) and I'm happy to hold GPM and hope that this is the start of another trend upwards. Of course it could just continue to go sideways. Nothing is guaranteed, but I'm content to hold based on the Ichimoku chart. It's my decision.

[papillon] 28/4/2021 13:44

My target sp, for gold, of circa 1790 was reached after the "double bottom" formed.
There is support on the gold chart circa 1740, if it drops that low.
Gold appears to be going nowhere. Hopefully that will change. Only have a 20k share exposure to GPM.

[podgyted] 28/4/2021 00:32

I'm sure they are - for every winner in a takeover scenario there is normally a loser. However both lost tonight by over 4%. Fortuna now down over 20% - are the BoD going to held to account on that or is it just another one of the 'lifestyle companies' in the PM sector.

GPM looking less and less attractive by the day. Especially as gold range-bound and major miners (Barrick, Newmont etc) falling considerably tonight on little fall in the gold price.

Still watching but would have to about 50p to get me involved again. A 5-6% discount in the current PM market is really, really not good.

[papillon] 27/4/2021 00:24

I bet Roxgold shareholders are drinking champagne instead of "spitting blood", podgyted as the Fortuna offer price represents a 42% premium to the closing Roxgold share price!!

[podgyted] 26/4/2021 22:36

I'd be spitting blood if I was a Fortuna shareholder - down 18% on the purchase of Roxgold. Empire building managements can be costly.

[papillon] 26/4/2021 18:09

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

Shareprophets continues to plug gold. Let's hope they are correct!

[arbus5000] 26/4/2021 17:42

Roxgold and Fortuna Ssilver mines have announced merged. The former is up 15% but the latter down by the same amount

[papillon] 26/4/2021 13:34

Bitcoin currently significantly up, gold down! I want to see the opposite happen! 😂

[fordtin] 23/4/2021 17:14

Golden Prospect Precious Metals Limited March 2021 Investment Commentary


"Gold sentiment has struggled against the backdrop of a stronger US dollar and lifting treasury yields. The gold price itself has pulled back from the >$2,000/oz highs of August 2020, but still remains at a very healthy level for producer margins. The sentiment shift has weighed on the miners’ market caps, with many sitting at attractive valuation multiples versus historic levels, especially on a P/NAV and cash generation basis, with sector AISC of $940/oz according to Metals Focus.

This sentiment shift hasprimarily been in financial markets, with the known gold ETF holdings continuing to decline. They are now down 10% from the peak last year. This is important as ETF demand has been the largest marginal swing factor in demand. Central banks also shifted tobeing net sellers, although the selling was primarily led by Russia and Turkey who were looking to fund Covid-19 programs and defend their currency respectively. Other Central Banks broadly remained net buyers. The last few months have also shown encouraging data on Jewellery demand, with India up 103% for February YoY, up 36% on January 2021. As more economies exit Covid-19 restrictions and consumer confidence returns, the outlook for consumer demand looks positive, especially around the Indian wedding season.

The World Platinum Investment Council predicted a third consecutive year of deficit in 2021, although significantly lower than previously stated at 60koz, with supply recovering all of its previous year losses (+17% YoY) while demand picks up another3% YoY with demand growth driven primarily by the recovering auto sector (+25% YoY)within which thesaleof heavy duty vehicles in Chinahave beena key supporting factor, amid the need to comply with the tighter emission standards brought about by the China VI legislation to be put in place later this year.

The Fund used the pull back in overall valuations to add some investments, participating in a few equity placements, which in themselves we viewed as de-risking events. These included Red 5 an Australian gold producer, Calidus Resources an Australian gold developer In addition, exposure to some existing names we believed had pulled back too far, including West African Resources."

[steve73] 23/4/2021 09:57

I hope your right about G&S (and GPM)... they owe me big time, and I have much more riding on PM's than CCs...!!

[papillon] 23/4/2021 09:46

Lucky for those who bought Bitcoin at 5k a year ago, Steve but not good news for those who bought at over 60k last week for the first time! What happens when the price drops below 20k? The crypto bubble is bursting. Good news for gold and silver!

[papillon] 23/4/2021 09:03

Bitcoin currently crashing, Steve. Currently down over 7% and back under 48k.
😂

[steve73] 23/4/2021 06:30

Excellent Gold vs. Bitcoin debate hosted by Stansberry Research.



Bitcoin vs Gold: The Great Debate with Michael Saylor and Frank Giustra

[podgyted] 22/4/2021 23:52

The value of its investments are falling in NA and will probably continue in Oz tomorrow morning - know it's irrelevant - just thought I'd mention it.

Won't be back for a while.

[papillon] 20/4/2021 16:17

There is another little IH&S forming on the daily gold chart in the header. 1785 possible target price.

[papillon] 20/4/2021 12:35

The little bullish IH&S predicted the gold & silver price as I mentioned in my last post. You can predict the hourly direction of the prices by these little chart patterns that appear on the daily charts.

[papillon] 20/4/2021 11:30

Little bearish H&S and bullish IH&S patterns forming all the time on the daily gold and silver charts shown in the header. The latest is a little bullish IH&S.

[podgyted] 20/4/2021 02:14

Its good to talk.

As I speak gold down along with the three Oz constituents of the top ten.

[papillon] 20/4/2021 00:05

5 year Bitcoin Log chart showing my parallel trend lines. It points to Bitcoin having peaked. I sincerely hope so because I believe that Bitcoin is viewed as a replacement for gold by some. If the Bitcoin price collapses like it did in 2018 then I believe that can only be good for the gold price and hence GPM.


free stock charts from uk.advfn.com