Golden Prospect Precious... Share Discussion Threads

[diamond1] 11/5/2021 15:56

Honestly, how is this possible?

[papillon] 11/5/2021 01:27

Do watch both of these videos. This guy (Roubini) knows what he's talking about. He's the economist who predicted the credit crunch of 2007-2009 years before it happened. He was known at the time he was making his predictions as the "Prophet of Doom", but he was proved correct! The 2nd video is very interesting because he makes some acute observations on gold and is damning of cryptocurrencies, which he likens to Ponzi schemes.

[papillon] 10/5/2021 12:18

The gold price is rising nicely.

[papillon] 10/5/2021 12:17

I found Michael Gayed, illuminating, DIAMOND1, I suspect he's a mathematician which is presumably why I enjoyed the video.

[diamond1] 10/5/2021 09:29

papillon,

I have to say that I found that difficult to listen to. I really still don't know the what the guy was on about. Even David Lin, the guy doing the interview, sounded confused.

[papillon] 09/5/2021 18:02

Another very interesting video with some very illuminating charts shown.



I like the lumber to gold ratio chart and lumber to gold ratio vs VIX index.

[papillon] 09/5/2021 13:46

Good spot DIAMOND1. I do hope they are correct because that would be excellent news for my GPM shares and the SOLG and PUR gold mining shares I bought very recently following the big share buys by all their directors.
My charts have turned bullish.

[diamond1] 09/5/2021 08:53

Forecasts of $1,900 Gold by the end of next week.



That would surely help the share price here?

[papillon] 09/5/2021 00:20

Bedtime reading!

[papillon] 08/5/2021 18:59

The wrong cryptocurrency chart in the header. Should be Ethereum rather than Bitcoin! Ethereum currently up over 9%. Almost 3900. Mkt Cap 440bn. Not bad going for something that doesn't exist apart from on a computer. How long before it surpasses the Mkt Cap of Bitcoin?

[diamond1] 08/5/2021 10:54

papillon,

Watch the video in my comment above. Keith Neumeyer, the CEO in question, makes the point that for every ounce of Gold mined last year, only seven ounces of Silver were mined, yet the price ratio remains around 70 to 1.

It's hard to know what to believe with so many opposing views, but I still think we could see $50 Silver later this year.

[diamond1] 08/5/2021 10:48

oooff,

You'll agree with the CEO of First Majestic Silver then?



Start watching at 8 mins 45 seconds.

[papillon] 07/5/2021 20:35

One for you DIAMOND1.



This guy thinks silver will go to US$300. He says he's not crazy!

[papillon] 07/5/2021 18:52

I don't subscribe so can't access the video.

[papillon] 07/5/2021 18:23

Looking at the daily gold chart in the header it wouldn't surprise me if the gold price soon dropped back to 1820.

[oooff] 07/5/2021 17:52

Diamond1 regarding a silver glut. London has stocks but they are mostly accounted for by ETF's etc.
Ronan Manly on 14th april explained the current situation quite well. His article had the title below:

LBMA Acknowledges "Buying Frenzy" in silver and silver shortage fears.

[papillon] 07/5/2021 14:29

There is a massive, potentially bullish, Cup & Handle pattern building up on the long term gold chart (around 10 years), DIAMOND1. If it forms, which will depend on fundamentals, then a likely target for the gold price is circa $3000. That would be tremendous for the GPM share price

PS As your link shows, DIAMOND1, fundamentals are shaping up well for the gold price.

[diamond1] 07/5/2021 13:51

Gold and Silver's coat tails on fire after very weak US jobs report.

[diamond1] 07/5/2021 10:26

papillon,

There isn't a shortgage of Silver at the moment, there is in fact a glut. London has vast stocks but the the problem has been shipping it to where it needs to be due to Coronavirus. The big Mints worldwide have very little Silver and because of that, a huge premium has built up on small bars and 1 to 10 oz coins.

This may change in the fairly near term as the West recovers from Covid, but another problem is adding to the shortage. Shipping costs have tripled in the last six months as demand for goods accelerates post Covid. Sooner or later this will ease, and when it does, all goods will come down in price again, including Gold and Silver.

I think that the main driver for precious metals will be inflation, and that risk is increasing all the time. Things are now slightly different because of the world's banks embracing Modern Monetary Theory (MMR) but I don't think that will last.

Countries like China and Russia are divesting themselves of Dollars and looking for alternative ways of transacting business. If the Dollar loses it's 'Reserve currency' status (And it could happen.) then America will become a third world country overnight with it's massive debts.

That's why America is always at war. To protect the status of the Dollar. Iraq, Iran, and Libya all wanted to sell their oil in Euros. If they had been allowed to do so, other countries would have followed suit and accelerated the Dollar's demise. Therefore, all sorts of excuses were made to get rid of their leaders, or make them pariah states.

The BIG picture is an old and ugly one.

[papillon] 07/5/2021 00:33

Well both the gold and silver prices went above the cloud on their respective Ichimoku charts which is positive. They now need to breach resistance levels to keep climbing. Here's their respective Ichimoku charts.

[papillon] 07/5/2021 00:11

You'll love this video, if you haven't already seen it, DIAMOND1, bearing in mind your silver dealings

(717) This Is Why Everybody Should Own A Kilo Bar Of Silver!!! - Andy Schectman - YouTube

[papillon] 07/5/2021 00:06

I didn't follow you around. Are you crazy? Why would I want to follow an old git like you? I've got better things to do with my time. You mentioned BCOG.L and HOT on this thread. I'd never heard of them before, but I was interested because they are investment companies so I had a look at them. Why recommend them if you don't want people to find out about them?

I DIDN'T dismiss your opinions. I just countered your arguments with my own opinions. You're very touchy. bitgold? Hypersensitive! Chip on his shoulder! Filtered!

[bitgold] 06/5/2021 22:06

No I did not, read back some of your earlier dismissals of opinions you didn’t agree with. Then the following me around to other posts was just weird.

[papillon] 06/5/2021 20:36

You mentioned "become cleverer" first, bitgold! I just batted it back. If you think I "denigrated" you I apologise. However did you not denigrate me first? I just retaliated. Perhaps you should apologise to me!

[bitgold] 06/5/2021 19:00

I am amused by the "become cleverer", myself Papi. Having being a big buyer of gold since it was £250, I don't feel any need to become cleverer either. We all find our different ways to play the game, and that shouldn't involve denigrating anyone else who sees a different way to achieve it. Sometimes it works out, sometimes it does not. I'd expect you've seen plenty silver false starts to prove that. The one thing we can agree on, if silver flies we profit, but what then, what do we do with it?