Golden Prospect Precious... Share Discussion Threads

[papillon] 15/3/2022 14:12

👍 fordtin, Steve73 & atlantic57. You have all posted very interesting comments.

[atlantic57] 15/3/2022 13:05

This smaller cup and handle formation is not confused with the larger, super bullish one, but it does project to an upside target of nearly $2500/oz.


Furthermore, in our two previous examples, Gold, after correcting from the previous all-time highs in 1978 and 2009, went on to rebound 46% in six months and 42% in seven months.


The implication is that the weeks ahead could be your last chance to buy quality gold and silver stocks at cheap or reasonable prices. The next move higher has the potential to be spectacular.

the above is a quote from Jordan ray Byrne

[steve73] 15/3/2022 02:39

Whilst I can easily see Gold at 2.5k (or even much higher), I really can't foresee Oil at $50....

..Unless there is a MASSIVE demand destruction (as during mid-2020)... and if this were to happen again in such quick succession it would signal that there had been a major global catastrophe... and gold would then be MUCH higher..

JMHO..

[king_baller] 12/3/2022 03:24

Davebowler, with all due respect the reason most here are invested in goldminers is because we expect significant upside in the gold price short term, and gold miners are a call on that. I don’t think it’s overly ambitious for GPM to double from here within months. A low growth company renting out drills on a forecast dividend yield of 2.4 percent according to sharepad doesn’t really compare. Why not buy a ftse 100 tracker if you want a regular yield?

[fordtin] 11/3/2022 15:27

Hi Papillon,

I’ve been watching that cup forming for several years now. Looking back I guess it might have influenced my decision to rotate my PM shares into high div shares.

Looking at the charts 2 years ago, I didn’t expect the handle to develop until 2023.

Time will tell if I’m being premature, but I’ve recently started buying back into PM shares. GLTA

[king_baller] 11/3/2022 12:10

Gold is dipping on fake Putin ‘compromise217; headlines. Just as Putin starts bombing the West of Ukraine. Western media give the unrealistic impression Ukraine might win this war. They won’t, and it looks to be very prolonged. Putin is popular in Russia. The markets are getting completely manipulated by headlines. Quite funny really. Buy the dip in gold. Sell the rip in the US markets.

[davebowler] 11/3/2022 11:30

CAPD looks a cheap way into precious metals via the 'picks and shovels' route on a P/E of 6.It takes stakes in miners in part payment, too.

[papillon] 11/3/2022 00:15

Good article. Well worth reading.

[papillon] 10/3/2022 12:31

free stock charts from uk.advfn.com


I forgot to post this gold chart last night. This linear long term chart shows the bullish Cup & Handle pattern forming.
The target price is given by the depth of the "Cup" (around 1000) plus the gold price (over 2000) when the pattern finally forms. This gives a target price of over 3000. If one uses a log chart then the target price will be over 4000.

[king_baller] 10/3/2022 10:52

Miners were relatively strong yesterday considering the gold price move yesterday on ‘peace’ headlines and profit taking. Next leg up now?

[atlantic57] 09/3/2022 13:43

Well Done papillon for seeing this.

[papillon] 09/3/2022 13:23

👍 Jordan Roy-Byrne's analysis only confirms what I was posting before Christmas; namely that a bullish Cup & Handle pattern has been forming on the Gold long term chart. On a linear chart a possible target price is £3k. If one uses a log chart the target gold price is much higher. Well over £4k.
I'll post my long term charts again this evening.

PS the "handle" started to form after the initial big rise due to the Covid pandemic.

[atlantic57] 09/3/2022 12:51

You can subscribe to the channel for free .You get a lot of detailed information for free.If you sign up for the channel you get very detailed coverage of a number of companies.

[1hercule] 09/3/2022 07:06

search for him on youtube, hes done a video and is predicting $4k gold. Cant check now but think its on Palisade radio on youtube.

[papillon] 09/3/2022 00:49

I don't subscribe so can't read the article, but Jordan Roy-Byrne is the preeminent gold and silver chartist and his price predictions based on his charts and a looming stagflationary recession make sense.

[vacendak] 08/3/2022 18:09

Decent performance, but not that much of a gearing effect (Gold and Silver up strongly too), not yet back to 60p and still 10%+ discount.

Still, nice direction for the share price at the moment.

[davebowler] 08/3/2022 17:48

hTTps://www.shareprophets.com/views/61091/golden-prospect-still-a-buy-as-gold-heads-higher

[steve73] 08/3/2022 15:49

$2060 just hit... GPM was over 72p in 2020 when gold was previously this high..

[diamond1] 08/3/2022 15:46

Up again and a new record high.

[diamond1] 08/3/2022 15:45

Up again and a new record high.

[diamond1] 08/3/2022 15:12

Gold dropping back for now. All time high is $2,067.15

[diamond1] 08/3/2022 15:09

Gold hits $2060. No wonder this is up. All time record just over $2060 in sight.

[papillon] 08/3/2022 15:06

Gold and silver are shooting up. GPM share price heading to 60p in the short term.

[diamond1] 08/3/2022 15:02

Gold hits $2040. No wonder this is up. All time record just over $2060 in sight.