Golden Prospect Precious... Share Discussion Threads

[dilbert dogbreadth] 31/8/2016 21:37

I'm not going to pretend I understand that bamboo but thanks for posting. Are you saying turn date 5th at about current price or way down at 1230-1240?

[bamboo2] 31/8/2016 20:02

dilbert, the first apex [vertical black line] is on Monday 4th Sept. The second one [vertical red line] is on October 14th 2016.


edited for clarity

[bamboo2] 31/8/2016 16:11

yes, will do sometime after Nymex closes around 6.30pm [bst]

[dilbert dogbreadth] 31/8/2016 16:04

Can you post it Bamboo?

[bamboo2] 31/8/2016 14:06

dogberry, thanks for noticing!

re, $gold chart, We've got another of those potential, historical triangle apex, price turns comming up early next week. Looks like Monday 5th September [pm]. No guarantee, but they seem quite reliable so far...

Look for a reversal around then.

[brucie5] 31/8/2016 12:50

dogberry - £11: that's an ambitious call! £5 would do me.

[dogberry202000] 31/8/2016 12:25

Well done, bamboo2 on playing the recent top. It's not something that I am good at but I bought the 10% that I sold earlier at 53.5 for 47p yesterday and I'm comfortable with that.

Professor, £5 would be great for investors in GPM. I realise it might seem outrageous but my own ballpark figures for the final top for GPM during 2021 to 2024 is between £11 to £15 a share depending on whether we see a HUI/XAU at 3 or four times the final top in gold. That's based on gold at $10,000 an ounce. Given GPM is so heavily invested in silver miners even these figures for the share price may be deeply convervative! Hopefully, I'll be around to see it!

[brucie5] 31/8/2016 12:21

Yes, so far buying the dips has been a successful strategy. The last dip has been the most pronounced. I've lightened on my other pms; not yet on GPM as that's a core holding.

[professor pettigrew] 31/8/2016 11:45

It's very simple. Just buy the dips.

If you believe the gold story, then over the next 3 years these are a steal.

I believe gold will reach $3000 by 2020 and these will be trading at £5.

IMHO and DYOR, but everything points to my being correct.

Short-term though, we will go below $1275 and 40p. That's the time to shovel these up.

[eeza] 31/8/2016 11:39

How about 44.5p.

[chinese investor] 31/8/2016 10:24

How about 46.5p ?

Professor Pettigrew (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[highly geared] 31/8/2016 09:05

NFP numbers on Friday are key. Another good set of numbers may see rhetoric of a September rate rise reach fever pitch or at least signal a December rise after the elections is nailed on.
Gold likely to be under pressure short term.
A European bank failure however will do the opposite...

[terry barnett] 31/8/2016 08:37

Agree bigdazzler. After the inverted H&S was expecting it go to around 1280.

[bigdazzler] 30/8/2016 22:01

I was thinking gold to retrace to 1300 or on a deeper retrace 1250.

They are scenarios I'm taking into consideration at moment.

[brucie5] 30/8/2016 19:34

55.33. Patience being tested.

[highly geared] 26/8/2016 15:42

Just in for 35k. Yellens speech a non event and the market sees a December rate rise at worst. Miners bouncing, silver/ gold have whip sawed but look good for another push upward. Expect GPM back above 50p in short order as npv moves back toward 60p.

[scottishfield] 26/8/2016 08:55

Yes, great buy currently @ this price imo Gymratt; Edit, just got some (more)

[gymratt] 26/8/2016 08:52

48.375p is the 'buy' price at the moment, showing as sells on the trade page.

[chinese investor] 25/8/2016 20:06

How about 48.5p ?

Professor Pettigrew (GPM) 15 Aug '16 - 21:12
Bought a very small amount last week for inclusion in my ISA, but will be topping up regularly between 50-55p.

[professor pettigrew] 25/8/2016 19:55

I'm just quite happy to add a few on each dip, be it 48p, 50p or 55p.

The long-term here will see this break £5 by 2020 as gold tops $3000 per oz.

[eeza] 25/8/2016 13:33

Inv H & S at NCYF, Bamboo?

[bamboo2] 25/8/2016 13:16

Confirmed H&S targets 1279, triangle apex nails the price turn, again!

[bigdazzler] 25/8/2016 10:22

My target for adding is around 42p. If we don't pull back to this level so be it.