Golden Prospect Precious... Share Discussion Threads

[tonyfleming] 25/8/2020 17:19

The influence of the man! GPSS up on record volume while GPM was down on well below average volume.

[papillon] 25/8/2020 15:25

Simon Cawkwell, AKA Mr Blobby! 🤣 He gets fatter and fatter! One day, like Mr Creosote, he'll explode!

Good news that he is still very keen on GPSS.

[noirua] 25/8/2020 08:21

EVIL KNIEVAL: 24 August - Includes GPSS

[phoebusav] 21/8/2020 16:40

Think about the time frame I'm referring to. The last three days has seen the strongest move in the dollar in about 2.5 months. Unless this reverses PM's are likely to move lower. Given that the dollar has moved down in an almost straight line since late March to the lowest since May 2018 it has room for a significant rebound.

[highly geared] 21/8/2020 16:26

The $ index was 100 three months ago, so at 93.32 currently, it’s hardly “ soaring “.

[phoebusav] 21/8/2020 15:06

And the NAV is driven by mining share prices, which are driven by PM prices, which at the moment are being driven primarily by the rising dollar index. If the dollar has bottomed out for the time being then we may get a deeper correction across the PM sector.

Also with only 10 weeks until the US presidential election the markets may well sell off to put pressure on Trump. Dollar up > equities, PM etc down. It's hard to know how it will play out, but I expect volatility will pick up over the next few weeks so there may be some excellent entry points across the markets. GLA

[noirua] 21/8/2020 13:51

It takes nerve and foolhardiness to trade as gold and silver move as the big hitters and US banks reposition. Silver looks as if it will eventually reach $50 and gold $2,400 but not without a switchback ride in the meantime.

[phoebusav] 21/8/2020 13:33

If GPM is tracking GDXJ then GPM and GPSS both look very fully valued despite the pullback as NAV should be around 66.0p, and diluted NAV around 59.35p, which puts GPSS at around 13.2p. Gold and silver are getting hammered as $ continues soar after FOMC and Eurozone data. We have to hope the $ reverses lower or I expect the miners will be heading lower.

[noirua] 21/8/2020 13:27

Bought shares back again at 13.6844p.

[atlantic57] 21/8/2020 13:10

thanks noira that probably expalins gthe sharp fall for those left holding the baby.

[noirua] 21/8/2020 13:00

Sold shares bought yesterday for 15.4p and 15.33p.

[noirua] 20/8/2020 12:48

Bought back in further at 14.7p.

[phoebusav] 20/8/2020 10:17

2 more late reported sells of 50K at 15p from 09:16.

[noirua] 20/8/2020 10:05

Bought back some sold previously at 14.9p.

GPM may have bought into ASX:ENX on their cash raising: They were up 90% overnight in Australia. A nearology stock to a big gold find in WA. I cant imagine GPM were asleep on that cash raising.

[phoebusav] 20/8/2020 09:57

Wouldn't say these were on special offer. Given the drop in miners since the last NAV report GPSS looks to be sat bang on NAV. All hangs on whether Fed's FOMC comments last night are enough to cause further rises in the dollar which would hit PMs and miners.

[steve73] 20/8/2020 08:35

Plenty of these on special offer this morning.. 15.44/15.02 Buy/sell.

[32campomar] 19/8/2020 22:15

Sharp drop in gold and silver tonight

[phoebusav] 19/8/2020 16:33

Bit of a gold shake ahead of FOMC minutes this evening. Silver not phased.

[phoebusav] 19/8/2020 14:07

Silver on the march again.

[phoebusav] 18/8/2020 14:29

$ breakdown has now occured. Dollar index is now at the lowest since May 2018.

[phoebusav] 18/8/2020 07:34

Gold above $2000 again and $ index very close to major brakedown through 28 month low, which would drive metals higher.

[highly geared] 17/8/2020 17:18

Gold storming back up. Strong support now above $1900.Expect $1900_$2000 to form new support area prior to a move up to $2300 by year end.

[noirua] 17/8/2020 10:26

Hopefully brokers will deal with the conversion making it easier before 30 November. ISA accounts make the matters easy if sufficient cash is in the account. Trading accounts can be more difficult if an investor has other T20 trades that have not cleared yet.
My own holdings are in a SIPP and an ISA. Would need to come up with £36,912.00. That is down a bit as I sold the sub shares bought at 13.7p for an average 18p.
Gold and silver are looking good today and hopefully bad news from America will revive interest together with the big purchase of Barrick shares by Warren Buffet'.