Golden Prospect Precious... Share Discussion Threads

[brugen] 25/2/2016 13:28

tromso1

Any idea why there has been no move in the offer price which remains at 25.50p?

[tromso1] 25/2/2016 13:23

Delayed trade there from this morning.

Someone happy to pay 26p to buy 100k shares.

[hazl] 25/2/2016 10:09

fresnillo FRES will help the NAV today judging by its rise...


imo

[labatie] 25/2/2016 08:46

I just did a dummy purchase of 2500.

Not offered.

[bamboo2] 24/2/2016 22:51

Potential golden cross on the chart, where a rising 200sma is crossed by a rising 50sma...

[brucie5] 24/2/2016 22:33

Yes indeed dd. Jim Sinclair suggested last year that au might prove to be the rally that you don't (ever) sell. In which case GPM might be the share that you are better off just holding.

[dilbert dogbreadth] 24/2/2016 15:39

People are so used to selling into every rise it might take a while to catch on that we are back to the old fashioned buy and hold investing strategy.
I have tried to trade a couple of my more liquid holdings expecting a retrace and lost out every time. Look at a long term chart of the xau and hui to see how far we have to go.

Note to self buy and hold, buy and hold, buy and hold.

[tromso1] 24/2/2016 15:19

Latest quoted NAV now 29.06p.

And that doesn't take into account today's likely gains given that the gold price is very firm.

[robo21] 24/2/2016 14:09

It's happening !!!

[jimbo55] 24/2/2016 14:04

Gold appears to be on an upside breakout out of that penant, so I've bought a few more GPM shares here. A little nervous about doing so here given the MACD, but don't want to miss the next move up if it happens imminently.

[hazl] 24/2/2016 11:56

Funnily enough I sold half in a different goldie but decided to keep all of these!



These people seem to know what they're doing imo

Got some OVG yesterday that seems on the rise....also listed in Ireland.

IMO

[brucie5] 24/2/2016 11:20

Just sold down a small amount to get a proportionate holding in HOC, and so increase silver exposure. GPM seem not to be interested in anything (apart from FRES) which is not in anglo-saxon economies.

[hazl] 24/2/2016 11:16

Thanks dave....hey .....switched some to Independence group.
Surely that can't be IRG that rose so much this morning? I guess not.
Ah. Independence group.

Anyway they took advantage of the rises which is good.

[hazl] 24/2/2016 10:01

Gold seems to be on the up at the moment,anyway,we probably live it minute by minute and its not always wise imo

[hazl] 24/2/2016 09:21

It certainly seems to be on the cusp of change....gold itself seems unsure of direction.
agree with your sentiment brucie
imo

[brucie5] 24/2/2016 08:44

Jimbo,

I've decided to take a simple and strategic, though hopefully not simplistic approach to my investment here. Marc Faber the other day was urging people to diversify their risk, geographically and across assets, as we go into the uncertainty of the coming period. He actually said, 'What would you advise people on the Titanic', , with the answer 'not to be there' - but he's not known as 'Dr. Doom' for nothing. He also said that despite the rcent rally, (pm) miners were at historic lows. Whether pos/pog looks oversold is a legitimate concern if you want to finesse the recovery in pms. Trouble with GPM is that it's not that easy to trade, and you lose on spreads. My feeling is that folios across the globe will be putting at least some of their funds into au/ag, and while Singer recommended between 5-10%, an increase of only a few % will have a marked effect. So while we may always retrace, as we have been doing somewhat over last week, the trend is more likely to be up.

So overbought? Maybe in the very short term. But on a macro scale, still massively oversold.

imo, nai, dyor!

[bamboo2] 23/2/2016 21:44

The Flag that has formed on the rh side of the Double Bottom has a minimum target of 29.25

[brucie5] 23/2/2016 18:50

NAV 28.48.

Lovely chart action today. Just got to get through 25, to have the higher high. FRES continuing its march.

[stevieweebie2] 23/2/2016 16:21

looks like my ickle 5k top up this afternoon was well timed for a change ;)

[hazl] 23/2/2016 15:06

8-).........

[hazl] 23/2/2016 09:36

I work on the chart more than I did,and that's from observation over the years rather than learning about charting.

[brucie5] 23/2/2016 09:20

Well, given that FRES and KDX are at year highs, so, I feel, should we, though maybe our NAV was ahead one year ago. Clearly we're going to continue lagging the NAV until the investment climate changes.

The share price suggests that 23p was tested and is now support. 27p is next clear resistance, before the 30p threshold.

A bit artificial, I know, given that it could all change either way with the vagaries of pos/pog, but the chart works better for me than pretty much any other indicator, particularly on a collective investment vehicle, where you see the larger trend across a basket of shares in the same sector.