Golden Prospect Precious... Share Discussion Threads

[mozy123] 13/5/2013 14:43

Wong resigned......

[mozy123] 08/5/2013 16:55

Just wait for the stock market and bond market crash - there is only one place im investing. GOLD.

[stevieweebie2] 08/5/2013 16:43

Wow

sick sick sick, you could average down forever here!

[wizard7] 30/4/2013 07:29

It would be nice if there was anything to those charts weywey - who knows?

[weyweyumfozo] 29/4/2013 20:48

A nice looking HUI chart in the following link:

[wizard7] 25/4/2013 17:51

Gpms looking very cheap! Mine are down 90% but I only had a few...

[wizard7] 25/4/2013 14:55

Started topping up.

[stevieweebie2] 25/4/2013 07:28

Yes
and I may even top up (average down) :( in half an hour

[wizard7] 24/4/2013 20:47

We might even go up tomorrow!

[wizard7] 22/4/2013 23:03

lol - I think we are all with you on that one!

[geckoman] 22/4/2013 21:36

I've got 30 years on paper but if my wife finds out how underwater I am, I probably won't last a day...

[wizard7] 18/4/2013 18:28

I have 10 years - not worried about that although could live with gold going up again - 03-11 was great!

[mozy123] 18/4/2013 16:47

hmmmm tell me about it. Im young, i can wait 40+ years till i need the money....

might have to wait that long at this rate haha.

[tonsil] 18/4/2013 10:35

Mozy
deep pockets, nerves of steel and lots of patience required

one thing is for sure there are no short term traders anywhere near this

[wizard7] 17/4/2013 22:52

...thus eventually supply declines and price goes up...

[mozy123] 17/4/2013 22:24

HUI gold ratio is back below that of the 2008 crisis levels.

gold stocks priced to go bust.

[mozy123] 17/4/2013 19:07

Hmmm - keep averaging down or is that chucking good money after bad?

Feeling very annoyed with myself at my overweight positions in miners and gold.

50% loss means 100% gain to break even.

Capitulation seems to be ever lasting in this sector.

Hoping the Us debt ceiling is raised soon. Think we about 1 month off them running out of money.

[wizard7] 17/4/2013 17:45

yes - I have 50% losses on several accounts - not just from this - but that's from the peas in 2011. Pretty dreadful but not dead yet!

[mozy123] 17/4/2013 15:15

The rot continues - massive paper loss here :(

[wizard7] 29/3/2013 08:12

I held RRS from 10.44 to just under 60.00 - it certainly went well when gold was going up!

[stevieweebie2] 28/3/2013 16:59

Wiz
My other Gold holding RRS issued a good update today, I feel that both this fund and RRS are ready to move up on the smallest change in sentiment on the Gold Price, trick is when this will be and with respect if I knew that I would be sat here posting on the forum.

[dupree] 27/3/2013 10:49

I noticed these trading around and sometimes over the NAV. That was back at the higher prices when I first saw them tipped. To think that it was common talk back then to expect a revival in mining share prices, in relation to precious metal prices.

If you want to bet on an upward share price movement and also a timely closing of the gap betwen NAV and GPM share price there seems a good rationale. Except, it's a similar rationale to the one that gold mining shares would go up because they were lagging the gold etc prices. Ha ha.

I certainly hope it all goes a lot better in good time to add value to the subscription right shares that I hold. It seems a long way back for GPM from 60p to say 100p, let alone to the former highs of 120p.

I guess it's a reasonable aspiration that some of the stocks in GPM portfolio will double over next 12 months. Asking the experts, is there much sign of the M&A activitythat has been cited as potentially boosting the sectors valuations? My other gold stock has performed just as badly.

[kickstart] 26/3/2013 13:45

Stevie,
I agree this is a great way to buy a fund which is lower risk than just individual shares at a massive discount to current value. it was only a short time ago they were trading at NAV even slightly more at one point. If gold takes a major leg up as I believe it will , these will end up at a premium to NAV imop. No brainer IMOP.