32 days ago
Gold has had another good week, closing at $1880 – up from $1831 a week ago. ShareProphets’ favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com had been targeting up to $1850 as a point of overhead resistance and it seems that the line has been crossed – seemingly quite easily.
60 days ago
Gold and gold shares continued the recent northward run this past week but hit the buffers as the yellow metal attempted to get over $1800 per oz to close the week at $1777 per oz – back where it started the week. Likewise, Silver ended up almost back where it started too, but did manage to post a very modest gain to close a faction over $26 per oz.
70 days ago
It was announced today that Chairman of Golden Prospect, Malcolm Burne, has opened his wallet and bought 25,000 more shares at 50p a pop. Now sometimes boardroom buying is just a spoof and the amount inconsequential, but I would suggest readers take this director purchase a little more seriously.
73 days ago
It is normally a bad sign when a company releases its FY results late in the afternoon, but yesterday’s issue of numbers from fully-listed Golden Prospect (GPM) at 4.26pm were quite reassuring. I wonder if it might have been better to wait for the following morning to avoid triggering cynics like me!
74 days ago
I noted two weeks ago that Gold had gone nowhere for two and a half weeks. Then the Gold price was $1734, down from the previous week’s $1745 and here we are a fortnight later with the Gold price at $1744 – it is like watching paint dry! But there looks to be some signs of hope that there are northward stirrings heading this way.
102 days ago
Last week I sensed that we were near the bottom of the correction in the Gold price at $1700 per oz. This week I see that Gold has risen to $1728: things are looking up! So have we finally seen off the grinding correction which started last August?
109 days ago
Back in August the Gold price peaked at $2063 and it has been more-or-less downhill ever since. On Friday the Gold price closed at $1700 – a 17.6% drop in around seven months. So is the Gold bull story all over? My answer is definitely no. But as a Gold Bull, I would say that, wouldn’t I!
135 days ago
I noted a few weeks ago that ShareProphets’ favourite technical analyst, Jordan Roy-Byre of TheDailyGold.com, has called the end of the Gold correction which started last August. It was a very rare error. Now, noting that making declarative statements does not necessarily add value for the reader, he has called the bottom for gold miners and juniors. I hope he is bang on the money this time!
142 days ago
As I write, the price of Gold seems to be going nowhere: it has been hanging around $1850 per ounce pretty much for the whole of January and is still there (more-or-less) now. Silver, on the other hand, has been all over the place. One might have therefore assumed that fully-listed Golden Prospect (GPM) – as a gold mining investor – would have been a very quiet place to be. But it hasn’t been.
170 days ago
I am almost speechless with rage at Bonkers Boris’ latest lockdown. There is a huge debate to be had, with professors, (academic) doctors, journalists and others all with an alternative view to the one peddled by Bonkers. But they will not be heard, are junked and now TalkRadio has been removed from Youtube in an outrageous act of censorship and denial of free speech. There ARE hard questions which need to be answered. George Orwell wrote 1984 as a warning, not a blueprint. But amid all this, and all the uncertainty caused by yet another lockdown (if at first you don’t succeed, defy logic and try again) something is definitely turning my way..
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