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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.
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GDXJ junior gold miners ETF just hit brand new 3 year high at 50.325. How long can this price hold?
within1% of near 3 year high.
And GDXJ is now surging. NAV per share here now about 58.7p according to my spreadsheet, about 25% above current SP. Buckle up :D
figures just announced, which makes three hugely dollar negative announcements in 2 days, no Fed rate increase and no BOJ stimulus being the other two. With options expiry passed on Wednesday and Thursday this is all extremely positive for gold and silver. We should see a major move here very soon. GLA
54p
Indeed. Judging by the metals and GDXJ price action the NAV per share should hit rally highs later today all being well. Hopefully the SP can hit the high of 52p also. Best of luck.
Looking good so far. Fully expecting this back to 50p and above where it should be v soon
moving back to near their multi-year highs, this should be close to 50p by now. Looks like yesterday was probably the start of the next leg. GLA
Think the pullback was due to happen after they've ll had a big run this year. That and confidence moving back to none commodities interest was the reason imo but towards the end of the week with earnings and loada of uncertainty politically and economically esp uk people will move back so we should see a nice bounce on gold silver etc next week. As for GPM not much to say than its undervalued and will bounce on a texhnical and fundamnetal basis. Gla
the PM sector pullback is complete yet. Gold, silver and GDXJ all falling back towards yesterday's low. Options expiry and cycle lows both next week, so perhaps we will see lower prices next week. GLA
With an emerging bull market in gold and silver to face into its a surprise it's not trading well ahead of the NAV rather than at a massive discount. In real terms the gold and silver prices are still very strong despite recent pull backs, this will continue to hit the bottom lines of the miners that GPM are invested in and can really only see the NAV lying strong and rising from here. Anything sub 55p looks decent value to me at today's G/S prices.
just sold at 43.5p, with NAV currently 32.5% higher. Thanks for the top up price MMs.
let me get this right. GPM NAV is higher than on the 6 July when the GPM SP peaked at 52p, yet the GPM SP is 12% off the highs over the same time period. MM jokers strike again. With 25% upside to the current NAV this is a strong buy. SOU also worth a look with major news flow due by end of month. GLA.
at 46.25p is around 22%, beaten on only 10 days since launch according to NAV data available from CISE. Looks far too cheap, especially with GDX and GDXJ touching multi year London session highs this morning. GPM NAV up but shares down. Silver also holding strong and about to have another go at 20.5 MA. GLA
shrug off US jobs report and GDXJ hits two day high. Hope folks bought at 47.75p. Current NAV about 57.1p. Plenty of upside. GLA
available to buy on quote and deal is only 750, less than £400. Seller beware.
in gold breached late last night and PM mining sector is now off to the races. NAV per share around 55.5p here based on the move in GDXJ since the last report. Some solid 5% plus gains in the major PM stocks already this morning. Some smaller PM producers also doing nicely, notably AVM, OMI and AUE. GLA
performance for silver overnight and gold moving ever closer to Brexit spike high. Last reported NAV per share for GPM was 48.69p, which given the moves in GDX and GDXJ should now be around 50p..
another joke move in the GPM share price. Underlying assets and gold have hardly moved and yet GPM bid is down 14% in a few hours. Folks do realize the max you can buy at present on quote and deal is a mere 1000 shares or £400. Good luck buying back in if you sold out.. The EU superstate plan being revealed this afternoon should see anti-EU sentiment soar and gold take off once again. GLA http://www.zerohedge.com/news/2016-06-27/eu-officials-unveil-ultimatum-blueprint-final-solution-european-super-state
Gold up most in 42 years. http://www.zerohedge.com/news/2016-06-24/gold-soars-most-42-years-british-buyers Major gold stocks up massive amounts with heavyweight Randgold up 17.2%. GPM NAV was already very close to its highs before the open and GDXJ is up another 7% this morning. Systemic risk has just exploded so gold should have a massively strong safe haven bid now. Buy if you can get liquidity. After adding as much as possible at 34p this morning the next price I was offered was 38p, even small limit orders were ignored. GLA.
Sorry, looking at the wrong column in the spreadsheet. Last time SP was this low NAV was about £20.5M.
Last time SP was this low NAV was less than £18M and now it stands at nearly £23M. Upside to NAV is about 30%. The 10% drop this morning was on the back of a 0.4% drop in the gold mining sector and no change in the silver price. Clearly another massive overreaction. Fill yer boots.
gold down about 0.75%, GDXJ gold miners basket down 0.6%, and yet GPM bid down about 8% from late Friday. NAV now about 20% above current SP. Ridiculous overreaction. GLA
Gold has set a new 22 month high this morning and all major LSE listed gold and silver producers are moving up nicely. With Brexit result due in a weeks time there will likely be continued flight to gold and some serious upside potential here. GLA
Any down move in the metals ahead of the decision is merely to guard against the possibility of gold immediately leaping to a new 23 month high on the rate decision, which would light a fire under the next stage of the rally. Last published NAV is about 17% above the current SP. Plenty of running room. Don't get shaken out or you will find it hard to get back in again on Thursday.