Golden Prospect Precious... Share Discussion Threads

[ian_2] 12/4/2022 14:06

Spiked on US cpi 8.5%

[papillon] 12/4/2022 13:59

A sudden big spike up in the gold & silver prices

[papillon] 12/4/2022 00:24

free stock charts from uk.advfn.com


Breakout of a bullish pennant formation. Gives short term target of 57p

Bullish "Golden Cross" (50 day EMA rising above an already rising 200 day EMA) appeared on the chart at the start of the month. Bodes well for the future.

[papillon] 11/4/2022 14:16

Yes, stevie, we have broken up from the long term 50p resistance level. It was broken just over a month ago on the spike up in the gold price on the start of the Russian invasion of Ukraine, but that breakout failed. This breakout looks far more promising. The GPM share price has been in a sideways rectangular chart pattern since July 2021, circa 40p acting as a support level and 50p as the resistance level. My short term target is circa 60p, then it is onwards and upwards and a retest of the 2020 high.
The gold chart has been bullish for sometime and when that 11 year bullish Cup & Handle pattern on the gold chart finally forms watch the gold price motor!! I can envisage the GPM share price multi bagging.
What applies to gold will also apply to silver. Perhaps more so!

[stevieweebie2] 11/4/2022 11:05

by the way Pap, as you like charts.
would you look at the top right chart in the thread and draw a line on what looks like August 2020 to date and see if we have broken out yet please. Im not sure we have.

[stevieweebie2] 11/4/2022 10:50

Lol KB.
I must have been in here 12yrs either Heavy or light over the years.
currently have 100k of these sat in my ISA. your last post was definately on point by the way.

[king_baller] 08/4/2022 16:27

I think it’s just you and me here papillon. The only thing that matters is the NAV will be rising again. Once we get consistent NAV rises, and the crowd realise there’s a gold bull market on (which will be evident from this board being popular) the discount will turn to a premium. As one would expect in a gold bull market. The upside really is huge in small gold miners right now. So far only GDX has broken out, GDXJ and GPM will be next.

[papillon] 07/4/2022 15:27

A bullish Golden Cross (50 day EMA going above an already rising 200 day EMA) has appeared on the GPM chart this month. A bullish signal. Up, up and away we go!!

[papillon] 05/4/2022 15:50

Spoke too soon! 🤣

[papillon] 05/4/2022 14:33

Gold price on the rise.

[podgyted] 04/4/2022 10:20

Bought a few this morning.

PM miners had a good day in NA on Friday - I estimate NAV on Friday to be @60p - for a discount to NAV of 20%.

Reasonable morning in Oz which has my figures going out to a 21% discount.

Could be right could be wrong, time, as always, will tell.

[papillon] 30/3/2022 21:54

A long term GPM log chart. The GPM share price has been in a downtrend since the summer of 2020, inline with the miners it invests in. However I believe the GPM share price bottomed at just under 40p and is poised for a breakout above that upper downtrend line. I'm bullish on gold and silver.


free stock charts from uk.advfn.com

[king_baller] 29/3/2022 15:28

Relative strength in the miners today despite Russian peace headlines and an end of month gold snash. GDXJ flat on the day and making a big higher low.

[fordtin] 29/3/2022 15:13

Cheers papillon, shame we can't give the share price a thumbs up.

I'm surprised someone gave you a thumbs down on such a quiet thread. I've balanced it with a green thumb.

[papillon] 28/3/2022 22:03

👍 fordtin

[papillon] 28/3/2022 10:51

Pure Gold is definitely not going in the right direction today! 😁 In fact it could be going under! 😁

[fordtin] 27/3/2022 13:56

Portfolio shuffle complete?

28 February 2022 ... The Company has exposure to 64 issues

31 January 2022 ... The Company has exposure to 49 issues

31 December 2021 ... The Company has exposure to 62 issues






"Golden Prospect Precious Metals Limited
Investment Commentary

Markets, and especially commodity markets, were driven by the tragic events in Ukraine. The
uncertainty has primed investor demand for safe havens such as gold with physically backed ETF gold
holdings rising 1.2Mozs during February, contributing to the 6.2% rise in the gold price over the month.
The price of silver, which is typically more volatile than gold, rose 8.8% over the period.

The Fund NAV gained 10.3% in February, slightly behind gains of between 12.5% and 14.1% registered by
the GDXJ and GDX respectively.

Global retaliatory sanctions against Russia, while having a meaningful impact on their economy, have
abruptly removed even more raw materials from a global market already lacking adequate supply,
accentuating upward commodity price trends. Notwithstanding the rise in geopolitical risk, the rise in
raw material input costs remains inflationary. This is showing up most acutely in the current global
energy crisis, with material negative ramifications across the broader economy.

The possibility of a protracted conflict in Ukraine is filtering through to CPI inflation forecasts, with
consensus expectations for the US index shifting towards a more sustained rise above the 6% level
during 2022. While this provides the Fed with a reason to retain a hawkish bias to interest rates, the
situation is very different in Europe, where a reliance on Russian energy supply has exposed risks to
regional growth, forecasts for which are already decelerating. The decline in the EU’s industrial
competitiveness brought about by higher energy prices is already feeding into the ECB’s mind set, hence
little surprise that ECB monetary policy has become less hawkish. This has prompted some increased
attention on precious metals.

Precious metal valuations remain attractive and exposure continues to provide cheap insurance should
the tragedy in Ukraine escalate further, while also protecting against stagflation risks should raw material
prices remain high despite decelerating demand growth."

[podgyted] 24/3/2022 22:18

(Disclosure : I flit in and out of here but at the moment I'm out.)

The gold and silver situation looks good at the moment but the PM shares are not going in the right direction.

In NA today:-

Fortuna -7%
Adventus -4&
Calibre -3%
MAG and Oceanagold - static
Silvercrest +2%

[stevieweebie2] 24/3/2022 10:16

results/annual statement out now. I didnt pick up anything that isnt usually in there but intersting reading all the same. bullish tone and MB will be adding.

[king_baller] 23/3/2022 21:08

GDXJ up 2.5 percent in US today, and the whole sector looks almost ready to go. There were sellers below 48p this morning. Seriously? The NAV will be >60p now, and gold miners haven’t even got going yet. It wouldn’t be a mistake to make GPM your biggest asset allocation right now IMO!

[king_baller] 18/3/2022 14:53

Net asset value 58.93p. Available to buy 48.1p at the beginning of a gold bull market.

[atlantic57] 17/3/2022 21:21

Interesting Interview with Jordan ray Byrne after the recent pull back in gold.

[king_baller] 17/3/2022 12:31

Bank of England all but admitting we’re at the end of the rate hiking cycle despite high inflation. Economy is shot. Stagflation it is, with a risk of deflationary collapse if rate hikes continue. Cable dropping. Not sure how GPM is so under the radar. Couldn’t be a better set up. Over a 20% discount before today’s gold move… LFG!