Goldplat Share Discussion Threads

[sea7] 04/6/2020 13:30

lowtrawler -].. it is also better to leave just before the rush.

[michaelfenton] 04/6/2020 12:32

Lowtrawler - true who knows when it will happen. I wish I did.

[lowtrawler] 04/6/2020 11:56

As per discussion previously, a crash is inevitable. However, my experience suggests it always happens months after you expect it to. It makes it very frustrating to sit and look at the market going up and your portfolio sitting stagnant. Don't be surprised if the crash doesn't happen until next year.

[michaelfenton] 04/6/2020 08:53

A V shaped recovery seems impossible to me. The news of job losses grows daily. I now have only 2 non gold shares TSCO (people have to eat and expected 50p special dividend) and VOD (5G prospects). Sitting on some cash and looking to BUY back in when the my expected crash arrives.

[michaelfenton] 03/6/2020 12:29

I believe there will be a crash somewhere down the road? Anyone agree or not.Market looking forward is overvalued for me. But not GDP.

[lowtrawler] 03/6/2020 12:16

Yep. The money being printed has to go somewhere and in recent years it all seems to end up in the market inflating share prices (excluding GDP).

[kimboy2] 03/6/2020 12:10

I think it will help the economy somewhat, but it is probably why the FTSE is so high.

[michaelfenton] 03/6/2020 10:58

Oh Kimboy you think QE will help? Hmmm.

[michaelfenton] 03/6/2020 09:23

A slightly unrelated question. Anyone have any thoughts as to why the FTSE is still advancing? Poor results will eventually follow and possibly a depression and certainly a rough period for many businesses? Does not make sense to me and I am starting to offload but not my Gold shares.

[sea7] 01/6/2020 20:17

total trades value is about £38k - not massive and you would assume there probably is that amount at 5p available. Annoyingly.. if someone sells even two quids worth, they drop the price by a quarter penny.

[avsome1968] 01/6/2020 20:10

All buys today share price didn't budge hmmmmmmm

[terry508] 30/5/2020 21:02

Posted on POGFrom USA Gold Report: Incrementum is out with its widely-anticipated In Gold We Trust annual report. It offers the prospect of a bright future for gold in the coming decade: “Our forecast, or rather our conclusion from last year, that gold was in a new bull market, has come true. The strength of the trend was accentuated even further last year, which is why we assume that new all-time highs will soon be reached in US dollar terms. For us it is obvious that the gold price â€" against any currency â€" is about to enter a golden decade, i.e. the purchasing power of EUR, USD, etc. measured in gold will continue to fall. … Last year we took a clear position and concluded that we were in the early stages of a new gold bull market. This thesis was confirmed with the breakout above the resistance zone at $1,360-1,380 and the subsequent start of the rally. However, this significant price rise should be taken with a grain of salt. To reach the inflation-adjusted all-time high of 1980, gold would still have to rise to $2,215.â€? Ultimately, Incrementum sees gold reaching between $4,800 and $8,900 by 2030. hTTps://ingoldwetrust.report/wp-content/uploads/2020/05/In-Gold-We-Trust-report-2020-Compact-Version-english.pdf

[michaelfenton] 29/5/2020 10:53

Lowtrawler - I concur. Resist we must but some will not. Assuming POG remains in our favour the future is bright? But the road will be bumpy.

[lowtrawler] 29/5/2020 09:52

The reason for my post 8081 was to express the view that a crash is inevitable but it might take a lot longer to come than we might consider reasonable. We would be in the crash now if markets were acting rationally. I believe the irrational behaviour could continue for the remainder of this year. Yes, when the crash comes GDP and others like it will also initially fall but gold will surge and GDP will go up with it. Until the crash happens, we will see other shares rise giving us FOMO which will be difficult to resist, but resist we must.

[michaelfenton] 28/5/2020 20:41

I am in Cyprus for now and there is a Gold merchant nearby where you can buy Gold and Silver bullion with no problems at reasonable rates.

[avsome1968] 28/5/2020 20:13

M/F

avsome - an interesting read which mirrors my own thoughts in general. I am just about to go out and buy some physical silver which I believe will do better than gold.

Who do you deal with to purchase physical silver.

[lowtrawler] 28/5/2020 12:12

I was in FRES last year shortly after the collapse in their price. I rode it up for a short period but then got out. I think they are poorly managed and have more structural issues than they can handle. However, a rising silver price will paper all over those problems, at least for a short while.

[michaelfenton] 28/5/2020 11:07

avsome - an interesting read which mirrors my own thoughts in general. I am just about to go out and buy some physical silver which I believe will do better than gold.

I am also in FRESNILLO which has not done well for me but mines both Silver and Gold and if they both continue to rise will do fine for me as will Goldplat. Fresnillo is a recovery miner much on the mend. Goldplat is a minnow and unknown to almost everyone, has a chequered past but again is a recovery stock. Otherwise I am slowly cashing in my portfolio wherever possible as a firm believer that stocks are way over valued. Yes it is all a gamble but you have to follow your gut feeling?

[avsome1968] 28/5/2020 09:17

Free book great read worth down loading

[sea7] 27/5/2020 20:19

well said avsome

I have built up cash over recent months and not added to any positions since the covid crash. I added to one or two in the carnage earlier though.

all this money being pumped in isn't going to stop the credit contraction and subsequent deflation event taking place.

bailouts on this scale are an anti deflationary effort - which they aren't talking much about.

[avsome1968] 27/5/2020 19:46

Personally think the market way too high, 2nd quarter results are going to be shocking i would put my house on it that the market will slide middle June results unemployment figures are going to be truly dire.
gold may test $1681 but be surprised if it drops below lots are in gold long term, gold producers are making serious cash while 70% of company's been losing cash and relying on bailouts. All i would say don't have everything in the market now have at least 30% plus cash on the sidelines ready to dive back in.

[sea7] 27/5/2020 18:00

One company I know has told all working from home staff, that their previously dedicated desk space is no more and have been cleared in their absence. All desks are now available for booking in advance, for your office day - the rest of your time is going to be working from home permanently.

The number of desk spaces has been reduced also, to ensure a permanent two metre distance.

All future meetings will be held by zoom/microsoft teams and unless absolutely necessary, there won't be any more large scale attended meetings in the boardroom.

fundamental change to corporate functioning.