Golden Prospect Precious... Share Discussion Threads

[rougepierre] 11/3/2016 18:03

Simple moving average Golden Cross on 8 March; Exponential yesterday...

Onwards and upwards....

[jimbowen30] 11/3/2016 08:14

Just bought in this morning to diversify my PM exposure (main holdings are CEY and Sandstorm). Discount looks attractive and will narrow over time, whilst I like the quality of holdings such as Silver Wheaton and First Majestic.

[brugen] 10/3/2016 21:30

Gold up again to 1271 but Brent also up to 4041. I think I'd rather buy GPM than BP. Central bank authority is now shot.

[highly geared] 10/3/2016 21:27

Nearly 20% discount to NAV and with gold/silver having a good day , let's see if GPM moves North again. Gold needs to get above $1311 for it to break the multi year downtrend but $1264 was a key objective that we're above again. let's see how POG/POS do tomorrow post Draghi/ECB Basooka!

[dilbert dogbreadth] 10/3/2016 10:58

Fres related

[highly geared] 09/3/2016 19:23

Dogberry ; agree entirely- it's effectively a PM "FUND".

If gold gets to $1500+ this year , this will 2-3 bag. If gold goes back to $1050 then high teens. $2000 gold and $50 silver, then a 5-10 bag

A good core holding for current times and not to be traded.

[brucie5] 09/3/2016 16:53

Agreed, Dogberry. I also hold HOC, which has proved to be a useful addition; and much smaller amounts of VED, KAZ and JLP, for additional risk, all of which seem still to be works in progress.

[dogberry202000] 09/3/2016 16:45

Now is a great time to buy. I won't sell a share of this until the first major retrace in gold. This one has got to be a core holding. There are hardly any other vehicles like it in the UK.

[brucie5] 09/3/2016 16:40

Oh, I'm not selling!

[stevieweebie2] 09/3/2016 16:34

Not so quick Brucie, doesn't look like the gold price wants to drop and with the spread you could easily get caught out having to buy back higher , just a thought

[brucie5] 09/3/2016 15:58

NAV. 31.08.

[brucie5] 09/3/2016 15:05

Retrace on.

[brucie5] 08/3/2016 18:56

NAV 31.75.

But I expect some retrace tomorrow...

[brucie5] 07/3/2016 18:02

NAV 31.30.

Into the 30s at last.

[stevieweebie2] 07/3/2016 13:04

Nice volume

[dogberry202000] 05/3/2016 19:27

Those were great prices at which to buy. I bought some at those levels and more on the way up. However, I bought significant amounts in the mid 40s and 30s, so I'm still way under here. But I don't mind as I am happy to hold as this is a diversified investor with some excellent holdings.

Most of my holdings are in US and Canadian miners. I've found miners on the AIM to be too dodgy, so I've only have a couple of those.

According to one of my favoured chartists the next "resting" place for gold is likely to be $1400 gold where it will likely form another flag before rising again to $1500 - 1530. Meanwhile companies like this one might well double or treble from here.

Trying to be too clever through trading could easily lead to have been bucked off one of the greatest bull markets in history. It sure will need a strong will to stay on this bull and resist the temptation to trade onself out of it.

[brucie5] 05/3/2016 17:17

Yes. This could be potentially a very powerful new trend, and I'm trying to resist the temptation to trade. My purchases so far have been all completed between 18.50 and 19.50, and went in with both feet. Since then I've diversified into some HOC, to get more silver, KAZ for copper, and VED for industrial metals, oil and Indian exposure. I already held some JLP, which I see as a potentially powerful play on platinum, if the company finally manages to produce. But it seems to me that GPM has everything you could wish for, in order to ride a pms wave from its historic bottom, without trying to be too clever, which I'm not! And you're paying for managers who will hopefully put their experience to work on our behalf, in terms of how they decide to finesse this market.

As dilbert says, look at the longer timescale and the gap goes to £1.20; but if silver & gold go to new highs, it could be a rally that you do better not to sell, like house prices between 1996 and the 2016. A twenty year up cycle. Which would be very nice!

I continue to think that it's a very simple proposition: in an environment where cash is being effectively taxed through negative interest rates, savers will need to made pms part of their asset base, and this could reach 5-10%, if Paul Singer is right. That would imply a complete revaluation of miners.

And I wouldn't need to work till I'm 78...

[weyweyumfozo] 05/3/2016 11:58

That graph has reminded me not to sell too early. Also, it shows the high volume of the recent rise.

[dilbert dogbreadth] 05/3/2016 08:46

To get perspective of this move pull up a 10 year graph

[llef] 04/3/2016 14:47

GDXJ up 4.8% now

RSI over 70 on both daily and weekly timescales

above the bollinger bands on both daily and weekly too.

enjoying the rocket ship for now tho...

[llef] 04/3/2016 14:40

junior gold miners up another 3% in states today...

[dogberry202000] 04/3/2016 09:33

Had to pay up to buy more.