The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
To generate above average capital appreciation of its investments through a selective portfolio of securities and other instruments in the precious metals, diamond and uranium sectors.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
after retracement from all time highs in nearly every currency. Markets done a great job of running the stops in the PM sector. All part of the consolidation before moving higher.
Same here. GPM is the second biggest faller in the PM sector. GAL down the most at 12% and then ARK at 5%, both illiquid tiddlers. Shows what a farce today's drop in GPM was. Thanks for the cheap entry. Gold down a whopping 0.7%. Panic! Panic!
No idea why we're 10% down this morning, NAV after all, is NAV and a 44p share price gives a 20% discount to yesterday's stated NAV.
Have therefore just added accordingly.
Good luck all.
Less than 10% of all the world's gold and silver mining stocks are listed on the LSE and most of the best ones are listed overseas in Canada, America and Australia. For silver in particular, there are only two silver miners of any note on the LSE, FRS and HOC, so if you want to invest in silver mining you have very few options on the LSE. Many UK investors don't have access to overseas markets so vehicles like GPM offer an excellent means for UK investors to gain exposure to the best companies in the sector. Even if you are able to buy foreign listed shares, don't be surprised if you are stung with nasty currency exchange fees every time you buy or sell. As GPM is denominated in Sterling there are no such costs in gaining exposure to these foreign listed shares.
3% is less than the spread on most AIM listed gold mining stocks. If you want to research the stocks yourself, trust your own judgement not to pick dogs and are happy to pay the dealings costs to manage a myriad of positions then fair enough. However, unless you really know how to pick good mining stocks and are willing to have a sufficiently diversified selection to mitigate alpha risk it would be sensible to put the majority of your gold sector investment in a vehicle such as this.
Not sure how GPSS work but with this fund they take about 3% of your total investment value as their fee. It's worth it right now but then any precious metal producer right now is a buy, why do you need a fund to pick them for you?
Silver also the main reason I’m here and the diversification. Silver due a major mark up as its historically very low compared to gold. Double whammy is the demise of £ to $. Aim is such a cess pit for the unwary, some people actually believe the Directors without supporting evidence. This lot appear to be kosher. Also got a stake in gpss as its in the money but still unbelievably cheap with 6 months left, to me a 50/50 bet with a possible payout of 10 to 1. Added again today at 7.3 so average at about 3p, so in profit at anything above 50p with 6 months left and gold and silver on the up. Anyway nice to realise I’m not alone.
Good morning both.
Bought in last week after listening to a Malcolm Burne interview, saves me the hassle of amateurishly researching dozens of pm miners & picking the wrong ones anyway!
Love the silver exposure too & will add as we go.
Good luck.
Harhoo you must be very lonely here, but the price helps. What’s your opinion on gpss to me seems a very sensible bet at the moment , in the money and with gold and silver rising, looking good for the near future.
and this goes up again. Crazy.
Why buy this share? Listed in 2006 @ 110p never paid a dividend to holders .... and doesn't look like it ever will.
EK a GPM buyer it seems:
https://masterinvestor.co.uk/evil-diaries/evil-knievil-all-to-play-for/
"Commodities brokerage SP Angel says gold is poised to enter a major bull market..."
https://www.kitco.com/news/2019-07-22/Gold-Silver-Precious-Metals-Daily-News-Briefs.html
"#Gold continues to blitz higher. Highest levels since May 2013. Gold producers in play again tomorrow"
https://twitter.com/barondaytrading/status/1151934692435869703
Hell that's a big discount.
Still in the region of a 30% gain required to reach NAV on open this morning.
very strong silver today...short squeeze? NAV today represents a 21.5% uplift on the closing price...ridiculous... the last time silver was at this price GPM was 12% higher than today... Beautiful 'cup and handle' forming in the silver price...Gold/silver ratio already falling (below 80 now)...much further to go... If silver drags gold with it, we're off to the races because gold/silver miners are very depressed relative to precious metals prices and every dollar rise adds a dollar directly to the bottom line... AIMHO as usual...
15k 15k ad 20k today are all my buys...between 30.25 and 30.295... Massive discount to today's NAV of 36.1p... Silver at highest for 2 months...bashing on the door of a 10 week high and then we're off to the races... Will JPM let it go this time...?
Surprised there isn't more interest here, given the free warrant distribution later this month
The fee was cut a year or two ago to 1.25%. The share is falling alongside the HUI, XAU, etc. with sellers thinking gold might go to $1245. I've been buying this drop and will go on buying if GPM drops further. I like the holdings and we will soon be at the seasonal period when PM stocks do well.
Looks like another AIM lifestyle enterprise which loses shed loads for PIs while the co rakes in >3% in fees for doing sweet FA.. Nice work for the City cronies and no surprises it gets ramped by sharemuppets.
After my previous post from February about GPM having "a decent run into the Spring and Summer" I've decided to give forecasting of any kind a rest. I still think that GPM is a good investment but the time scales are too difficult to confident about.
Buys picking up by the looks of it on the back of a rising gold price and the increased geopolitical tensions.
I suspect we will have a short pull back over the next week or so and then have a decent run into the Spring and early Summer. Hopefully, somewhat like last year's run with brief corrections along the way.
Is there a better way to invest in PM stocks across the globe than GPM? Their spread of companies is terrific and the managers earn their fees through their active management of their investments.