Golden Prospect Precious... Share Discussion Threads

[my retirement fund] 11/2/2016 14:51

Gold miners have had since 2013 to wind back investment and production.2016/2017 could see a short fall in meeting demand.I think therefore the price of gold has turned a corner.Its feasible that gold miners could have a bumper few years ahead particularly given there largest overheads are often energies put into processing.Are you buying any individuals?

[hazl] 11/2/2016 14:34

equities move before the underlying commodity so I see that gold miners are off their lows now.
thanks for the chart.
imo

[my retirement fund] 11/2/2016 14:30

free stock charts from uk.advfn.com


36 pence and above broken would be a convincing trend change.

[hazl] 11/2/2016 14:26

exciting presently

[hazl] 11/2/2016 14:25

I don't work like that MRF I let the market dictate.

I might expect a pullback though, if the dollar is bought up when some debts are unwound.
I suppose what I am saying is that I certainly hope it gets back to somewhere near its former glory at some point this year and I am prepared to wait.8-)

[my retirement fund] 11/2/2016 14:20

A staggering increase in liquidity here in recent weeks.

I would expect with the huge rise in liquidity a premium to NAV is possible, especially ig gold breaks its $1250 resistance.


Do you see this breaking 40p hazl - have you a target?

[hazl] 11/2/2016 14:13

Gold up 43 ....3.49%!

[hazl] 11/2/2016 14:08

Any NAV released today will not reflect today's rises of course in fact RRS went down yesterday from memory leading upto Yellen's speech.
Looking good



8-)


imo

[mozy123] 11/2/2016 11:53

If only i bought more at 20.3p :)

[hazl] 11/2/2016 11:10

RRS well up today every little helps!

EDIT
For clarity FRES in fund not RRS as far as I know.

imo

[dogberry202000] 11/2/2016 10:44

Gold on its way to $1350 and the HUI to 210 before any meaningful pullback?

[hazl] 11/2/2016 10:29

Just got a few of these this morning.....looks a good way to play the gold interest

IMO

[brucie5] 10/2/2016 17:10

Thanks Mozy. I am arithmetically challenged but this looks correct.

In other news, it seems that pos/pog don't want to go back into their boxes. Just yet.

[mozy123] 10/2/2016 16:51

26.06 - 21.50 (to buy) = 4.56
4.56/26.06 = 17.49%

[brucie5] 10/2/2016 16:12

NAV 26.06. Someone do the maths on the discount!

[brucie5] 10/2/2016 14:10

Every chart needs to retrace, to check support, in this respect we are no different. Whichever way there is no certainty, only a balance of probability. We should see how pms play put from this chart, which should also prove less volatile.

[jimbo55] 10/2/2016 14:01

Just to add to my last post, I think a few minutes of perusing Raoul Pal's twitter feed is of infinitely more value than watching an hour of Cramer ranting:

[brucie5] 10/2/2016 09:59

Forget the rising pennant, this is what I call the Loch Ness Monster signal - which as the name suggests, while positive, is not yet wholly unambiguous, as She could decide to dip her head back under the water again. PMs on the retrace this morning ahead of Yellen's speech. I guess tomorrow we may find out whether this has been another false dawn for pms. I suspect not. I'm also happy to be in a diversified fund that doesn't blow about with every breeze. Though risks remain.

[llef] 09/2/2016 15:37

fwiw, on CNBC this pm, Jim Cramer said that he thought that Gold could go much higher than here, and that junior gold miners could double and no one would notice (he didn't elaborate why, but I think he meant as the sector is so unloved, held by so few, and because its fallen soooo far).

Just need that thought to get into the US private investor's mind.. and it might be self-fullfilling...

[mozy123] 09/2/2016 14:51

Cheers Jimbo - Kyle Bass, Stanley Drukenmillar and Soros all on this trade apparently. Reminds me of black wednesday when the UK was fighting to stay linked to the Mark.

The world is short of $'s since the debt of the world has increased many trillions, people need them to pay back debt.

Capital flight from China is a real danger to its over leveraged banking system.

They have already devalued 2%, Japan 50% since QE Abeonomics.

Back on topic 25.77 NAV!

[tromso1] 09/2/2016 11:36

Better upwards momentum now.

[brucie5] 09/2/2016 10:54

Playing catch up, now. It usually restricts itself to advances in the afternoons.