Golden Prospect Precious... Share Discussion Threads

[melloteam] 12/6/2021 18:20

Just to let shareholders and prospective investors know that Golden Prospect Precious Metals, Downing Renewables & Infrastructure Trust plc (DORE), BB Healthcare Trust plc, Impax AM, Sterling Investments, Antler and Vietnam Holding will be presenting at Mello Events Trusts and Funds webinar event on Tuesday 15th June at 4pm-8pm.
There will be over 600 investors attending and these are very popular shows with the latest insights and analysis from investment managers, research professionals, analysts and experienced investors. You can get 70% off your ticket using the code TF70OFF.

[gateside] 11/6/2021 17:56

papillon... any charts you post are much appreciated. Cheers!

[papillon] 11/6/2021 17:48

Gateside 👍. If you're interested I'll post some charts over the weekend.

[gateside] 11/6/2021 16:03

Papillon... Been reading your previous posts. Informative stuff. Cheers.I've done very well out of POLY and looking to add another play on gold/silver. This complements POLY very well. Also no Stamp duty which is nice.

[papillon] 11/6/2021 15:56

There is support at 1850 for the gold price. At the moment the price appears to be consolidating before deciding whether to carry on rising, as it has been for the last few months, or drop down below that 1850 support. I'm gambling the gold price will continue to rise, bwtfdik?

[gateside] 11/6/2021 15:25

Been looking to invest here, as they hold a good range of PM miners, but gold looking weak this afternoon.

[papillon] 10/6/2021 21:27

I go by my charts, 12string, which only reflect investor sentiment, which in turn reflects the fundamentals. Obviously US inflation running at 5% is a serious fundamental and will affect how investors view gold and silver, which in turn will be reflected in my charts of gold, silver & GPM.
I'm very glad I topped up in GPM late yesterday.

[12string] 10/6/2021 19:11

US inflation came in at 5%. what else do we need to know?

[12string] 10/6/2021 19:11

US inflation came in at 5%. what else do we need to know?

[papillon] 10/6/2021 16:49

Who knows the reason, 12string? All I know is the Gold Ichimoku chart is still strongly bullish and while it stays that way I'm happy to hold GPM and occasionally add.

[12string] 10/6/2021 15:50

Interesting price action today ... overnight some more selling pressure brought silver down to below 2770. Then at the stroke of 13:30 a sharp move down to below 2740 to be followed by an equally sharp move back up to 2780 ... all within 5 minutes. The price has stayed positive on the day trading now at 2787.

Same thing with gold ... weak overnight down to 1877 by 13:30 when a sharp move down to 1870 followed by a very sharp move back up to 1886 all by 13:35. Price now at $1890.

Commercial banks trying to create weakness so they can close their shorts?

[12string] 10/6/2021 15:37

Over 7% discount to NAV. Not only does this look good value, the fact that NAV is remaining fairly stable says a lot for the trust management's choices.

[papillon] 10/6/2021 14:59

Nice recovery in the gold & silver prices within the last few hours.

[papillon] 09/6/2021 17:56

Probably wasting my money! Should have bought Bitcoin yesterday instead! 😂 Hindsight is a wonderful thing! 😁

[papillon] 09/6/2021 14:56

Just bought another 2500 GPM. Back up to 25000.

[papillon] 09/6/2021 14:48

Silver has bounced back up sharply.

[papillon] 08/6/2021 16:55

It didn't stay above 1900 for long! 😂

[papillon] 08/6/2021 13:41

Gold back above 1900. Will it stay there this time?

[papillon] 07/6/2021 20:33

The gold price has just managed to get above 1900 again.

[diamond1] 07/6/2021 15:26

papillon.

I like Rick Rule, he talks a lot of sense. He's very much a Silver Bug and he holds a lot more physical Silver than me, even though I hold a lot.

All miners should do well over the next five years, although it's personal choice which ones will be best. I prefer UK listed companies, purely because exchange rates aren't an issue.

[papillon] 07/6/2021 12:53

I did buy, ALS, DIAMOND1. Another, far bigger company, with a similar modus operandi to LSE:ALS is Altius, also with the same ALS ticker, but listed in Canada and not in London. They did a big deal recently. They were tipped by Rick Rule last week on a video interview he did.
There is another royalty company listed in London called Trident Royalties (TRR). Evidently that was tipped by somebody writing on Shareprophets a few weeks ago.
The TRR share price has quadrupled within the last 2 years.

[diamond1] 05/6/2021 19:45

papillon,

Gains for miners are inevitable if Gold rises. They are already making huge profits, so any further price gains for Gold will go straight to the bottom line.

That's why I'm holding these and ALS. (A royalty company that also has it's own production assets.)

[papillon] 04/6/2021 23:38

Jordan Roy-Byrne, the gold chartist, goes for gold to take off later in 2021, DIAMOND.

I saw a video he did from earlier in the week; he highlighted charts that indicate that the share prices of the gold miners will outpace the increase in the actual metal price this time round.

[diamond1] 04/6/2021 22:08

No need to watch You Tube. Just go to www.kitco.com

Gold will rock and roll around until Wall St crashes, or until inflation becomes a clear issue.

I'm still sticking to October time.