Golden Prospect Precious... Share Discussion Threads

[professor pettigrew] 09/9/2016 21:49

Still trading around 22% discount to NAV.

Although gold has slipped around $10 tonight in the USA, already people have lined up on CNBC saying that gold is set to go sharply higher.

Theory now is we are into the Sept/Oct bad season for stocks, and a Sept rate hike is being priced in. It won't happen of course, but the only sector that will see a sharp rise in price is gold and gold stocks. The stock markets in general are headed for a correction of between 7-10%.

Not my words, but those of David Tice, Tice Capital, and some others.

We could either find gold starts moving up again Monday morning, or the expected fall in the share price here is a mere penny or two before another move back over 50p.

[highly geared] 08/9/2016 16:46

23.25% discount to NAV. Price drift suggests market expecting miners to fall.

[bamboo2] 08/9/2016 12:50

$gold price has reached the triangle apex I mentioned last week. Will be interesting to see if it turns. It's co-inciding with upper trendline [red] which has historically proved strong resistance...

[professor pettigrew] 07/9/2016 22:17

If you are looking at these over a 3 year view, it's always good to be able to accumulate £1's for 80p at a time.

[highly geared] 07/9/2016 20:27

NAV C. 57P SO BACK TO OVER 20% DISCOUNT,THIS WILL CLOSE AGAIN SO ANOTHER GOOD BUYING OPPORTUNITY...

[professor pettigrew] 07/9/2016 17:30

Your choice of course bamboo2. Obviously, you haven't researched the gold market very well.

[bamboo2] 07/9/2016 16:14

All out now

[stevieweebie2] 06/9/2016 21:04

Just a bit lol

[robo21] 06/9/2016 18:50

Strong feeling these will be higher tomorrow :-)

[professor pettigrew] 06/9/2016 15:24

Take a 3 year view chaps. Not specifically a trading stock in my view.

By 2020 - $3000 gold and GPM £5.

[bamboo2] 06/9/2016 15:08

Added on DXY fall

[mad foetus] 06/9/2016 13:56

Gold moving solidly above 1330, time to buy in again - last time I did I made 20% in 8 days...

[dilbert dogbreadth] 06/9/2016 10:50

you can buy 35k at 45.6 at the moment which suggests they have a few to get rid of but that can change very quickly.

[scottishfield] 06/9/2016 10:48

Also the trades are deceiving. I just had some more & down as a sell.

[dilbert dogbreadth] 06/9/2016 10:42

For a trade it looks tempting with gold trying to break 1330 but I do think we have a seller at the moment. Someone has been dumping 50Ks

[papillon] 06/9/2016 00:55

bamboo218 Aug '16 - 09:51 - 379 of 442 0 0
Just sold the last of mine for now.
Had to place order, which I thought odd.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How very prescient.

[luckymouse] 04/9/2016 15:00

ITs often lag by a day or so - NAVs posted late - its handy! gives a bit of thinking time

[professor pettigrew] 04/9/2016 14:58

bamboo2 - I noticed that too. Between 1-2 days behind. Still trading at a 17% NAV discount.

[panic investor] 04/9/2016 14:50

thats interesting indeed - thx

[bamboo2] 04/9/2016 13:32

PanicI, I trade GPM using the $gold chart.
Usefully, GPM lags.

[panic investor] 04/9/2016 12:24

Bamboo can you really chart with this as it's entirely pegged to gold and secondary stock performance ?

[bigdazzler] 04/9/2016 12:04

I was looking for 40p however after the non farm pay roll figures were published and at the time GPm was still nigh on flat on the day I increased my holding. This was in the anticipation that the chat about US interest rate increase would be cooled and thus helping gold.

We will see.

[eeza] 03/9/2016 22:23

Some interesting gold commentary.

[stevieweebie2] 02/9/2016 14:43

Yeh
glad a added yesterday albeit a small amount. job figs are pants, lets see 1330 go and get the show back on the road ladies and gents

[brucie5] 02/9/2016 11:36

I've sold down all my pms for time being, except JLP, which is a particular story around platinum. I don't don't doubt that PP will be proven right in the longer term,and I continue to think that GPM will be an optimal way of riding that. Will continue to look in.