Golden Prospect Precious... Share Discussion Threads

[hazl] 12/2/2016 13:14

is a 'w' forming on the gold price?
wizard 8-)

[wizard7] 12/2/2016 13:06

hazl- absolutely my point. Nothing against some individual share exposure but this ticks all the boxes while spreading the risk.

[hazl] 12/2/2016 13:01

certainly more than yesterday mtf..... you may well be right

[my retirement fund] 12/2/2016 12:18

I'm guessing today the NAV will be 27 pence ?

[hazl] 12/2/2016 12:11

be interesting to see the nav todayy

[hazl] 12/2/2016 12:06

well its sure gone up a lot lately!
Only natural to have a bit of a waver before consolidation.
imo

[my retirement fund] 12/2/2016 11:47

Price of gold looks to be turning up again at the minute.

[hazl] 12/2/2016 10:35

WIZARD a good reason perhaps to hold a fund as well as the odd individual shares.
The fund has a good selection as you can see.
imo

[wizard7] 12/2/2016 09:57

I held rrs from £10.44 to £60 something last time round - fab. I would only caution geo-political country risk as a reason not to be massively overweight in it this time around - whatever gold does it only takes a few nutters with beards to impact on single country, single company risk and that consideration wasn't in play last time around. Just a thought.

[hazl] 12/2/2016 08:31

I see that RRS has gone blue after Blackrock announcement of holdings still above 15%

[hazl] 12/2/2016 08:26

will the gold shares be the only shares left standing I wonder at some point?

[hazl] 12/2/2016 08:04

thanks bamboo

[weyweyumfozo] 11/2/2016 22:53

Update of Jesse's sloping cup POG chart:

[mozy123] 11/2/2016 19:49

If this is the big "reset" make sure you sell your gold at the top and buy S&P dividend aristocrats when they are trading at 2-3 times earnings :) thats my plan anyway. Watch out buffett im after some coke :)

[brucie5] 11/2/2016 19:41

A fantastic day for GPM, though a dire one for the general markets, so I can't feel very triumphalistic about it. In fact I'm quite worried about the reswt of the market. However, from the way GPM, a collective investment vehicle, has moved (16.5%) is extremely encouraging. For example, FRES only managed 5.4%, and HOC, a 'mere' 14.9. But HOC is far higher risk. So what gives?

I think anyone trying to find exposure to pms will be taking a second look at this, which will presumably have an effect on the discount. Plus of course, it is able to leverage. But that's only part of the story. Paul Singer said last year that gold should be part of every portfolio, 'maybe five of ten percent'. My understanding is that it's currently around 1% of invested funds. That's the shift that needs to take place, for a real recovery in pms. A move to just 2% would have a very marked effect. But let's face it, with zero or negative interest rates, where else are you going to park your money?

[weyweyumfozo] 11/2/2016 18:32

Not sure what you mean bamboo.

what I should have added was that the right hand side of a sloping cup could go to 27p (which is the same as your target), before a handle forms.

[bamboo2] 11/2/2016 18:17

weywey, I'm sure this is a reversal, rather than continuation chart pattern we are seeing here. Cup/handle is more often a continuation pattern within an uptrend. Not an exact science though!

hazl, the target is a minimum, based on the size of the confirmed pattern. If/when it completes to target, I expect we will be seeing another pattern with a different target.

[weyweyumfozo] 11/2/2016 18:01

There are always plenty of chart possibilities - another one could be a sloping cup and handle:

[hazl] 11/2/2016 17:41

I might be greedy but I was hoping for mor e than that....IMO

[bamboo2] 11/2/2016 17:11

Double bottom confirmed at close. Target 27.6
Also closed above upper trendline.

[hazl] 11/2/2016 16:19

there's the NAV and as gold miners rise likewise here,imo

[hazl] 11/2/2016 15:17

this looks safer though imo

[hazl] 11/2/2016 15:17

Phew! Back from taking dog out.
Yes got several now.
Still looking for opportunities.