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GGP rising as Brent Crude is dropping, gold price rising (inverse relationship) with a soupçon of US interest.

Large banks and Financial Advisers 'historically' advocated a portfolio of 60% stocks and 40% bonds. The US banks and others now advise 60% stocks 20% bonds and 20% gold. If investors take that advice then inflow into gold will push physical prices very much higher. Rick Rule, a banker now as well, has some choice advice regarding investing in bonds period.

Hi Speedy, 3% may be OK if you neglect the inessentials or 'non-core" elements such as Food, Energy, Rent and other non-descript items as Council Tax etc etc. Was in the fishing port of Brixham today where a roadside cafe was offering cod + chip at £24.95 (I took a photo to send to relatives). Cognoscenti advise that inflation will take off later this year - guess fish and chips will be off-menu at that stage.

Just for information since so many discussing gold/silver coins etc - one of the largest bullion dealers, Chards, recently received a consignment of 1oz 'Silver' Brits amongst which were a large number of base metal fakes - the supplier was the Royal Mint. This youtube video explains https://youtu.be/8yh0LXwdnrA?si=bAhPmghLTUKQSxVm

Charlie, the following might help - Greatland Gold is only required to name shareholders who own more than 3% of the company. Even if AJ Bell's total "nominee" pool exceeds 3%, they are often listed under generic nominee names (e.g., "Hargreaves Lansdown (Nominees) Limited") or subdivided into different internal nominee codes, which prevents them from appearing as one massive block.

After latest Trump posts gold price rising steadily.

Yesterday I posted 'The Ides of March' which included info that, since March 1, Gold had fallen 20% whereas the S&P had 'only' fallen by 6%. Gareth Soloway stated that this was because Gold was now being traded as an 'equity'. My point was that Gold was NOT being treated as he suggested given the disparity between 20% vs 6%. Others were confused that War in Iran should have raised the Gold price as a safe haven asset. Today a youtube video was published that I believe answers the original question - worth watching https://youtu.be/e2L8jIj4awY?si=gxvpQCMTZtJrNs07

A colleague of mine with closer and more detailed knowledge of Australian mining has just suggested Northern Star having a close look at GGP - I should have thought of that given SD's former association with NS and the problems the latter currently experiencing. Awaiting SD's Telfer RNS.

I am speaking from experience - just suppose eg Wyloo made an offer at these prices and guaranteed the jobs for current management (a scenario I have encountered many times before). Any offer of +25% would be considered 'normal' in the market and would be snatched by recent new investors in these uncertain times.

After listening to a broadcast discussing the potential further drop in gold prices in the likely event of a 'stock market crash' I looked at a few figures and the result put me on 'takeover watch' as I will explain... Since March 1 GGP has fallen 39%, Gold has fallen 20% and the S&P has fallen 6%. Over 50 years of investing I have experienced some of my holdings being 'snatched away' when about to rocket - usually bought by US Companies and often Private Equity. As an early investor in GGP I was hoping to see the Company progress to extracting Havieron at least. My fear now is that the next RNS may well indicate tremendous further potential for Telfer itself - at which time I believe GGP will be a no-brainer for a bargain basement opportunity for takeover by any number of predators. At £7+ I was looking forward to a Telfer upgrade. At £4 (or even lower) I have mixed feelings. The current Market Cap is 'peanuts' to many potential buyers at a time when the value of fiat currency is in decline.

Although the US produces a lot of oil nevertheless pump prices reflect world prices so, for example, in January national average price was $2.81/gallon this week it was, on average, $3.94/gallon - but at least they won't be rationed if the war continues unlike the UK. Also of interest travelling through the straits of Hormuz is Sulphur Helium and vast tonnage of fertilisers. Shortage of each and every one of these adds to serious inflation worldwide. Not sure Trump was aware of these ramifications when taking on Iran.

Hi Drover. It would be great if everything worked out for your scenario in Iran and 'normal' service could be resumed - to coin a phrase. The facts as far as we know them is that the Iranians have in the region of 1 million combat ready troops , including perhaps 190,000 IRGC who control the missiles/drones etc. Public demonstrations have been curtailed by what UN investigators have termed an 'Execution Spree' with thousands killed on the streets together with regular public executions - barbaric but effective. Trump was depending on a popular uprising to solve the situation. He knows that boots on the ground is not popular with his supporters and the prospect of US bodybags returning to the States would decimate the hopes of Republicans being elected in November. As for sticking it to the Chinese - that would certainly start WW111. I wish I could paint a rosier picture for everybody's sake but I think Taco Trump will walk away saying he's beaten Iran but leaving Iranians and the Western World in chaos.

Lotus attempts to 'defeat' Iran has been thwarted by the Hormuz strait and its chokehold on World oil supplies. Iran appears content ti allow oil through the straits if purchased in yuan. How do you get yuan? With Gold - China doesn't want bits of paper in exchange. I could talk about the Western World economies on the 'brink' because of their united belief that printing banknotes, unsupported by anything tangible and fungible is a great idea. Might as well play with Monopoly money. So, to abbreviate an extremely complex economic situation he/she/'them' (whoever) controls the oil, rare earths, metals controls the World. Currently that is primarily the Middle East, Russia and China. The latter holds sway over those Countries and is only willing to trade in yuan or Gold. Enough said.

Hi TT. My info is that the closing auction on asx tonight where most of the trading occurred (ETF buying etc) registered a price of 10.90 AUS$ -- having, in theory, exhausted all the sellers. Also predicted that the opening price on ASX Sunday night will be ~ 11.10 AUS$. We'll see what really happens as always.

Kent Man markets spooked in US as Feb PPI data came in at 0.7% which is HUGE and expected to get worse as oil shock gets added in March figures. US market selling everything - including metals to raise dollars. In due course, as inflation jumps, there will be an increase in safe haven gold which is par for the course.

Andy Schectman has an interesting angle on US Gold exports. His information is that they are sending Venezuelan gold dore bars to Switzerland for refining and then importing the product to Comex. From Comex, it is suggested, those bars are then exported to China in payment for rare earths etc. All this to disguise the 'fact' that the US Gold reserves are depleted. Whatever the truth something appears to be happening.

Apologies if already posted but Clive Thompson's video gives detail of GGP inclusion in two indices

https://youtu.be/qHDLCsER4s8?si=V85ymW569DKsRarf

Stock markets generally are falling as nervous investors reduce exposure to geopolitical risk. As a result the currencies released seek a relatively 'safe haven'. One of those, in extremis, is the US dollar. The 'value' of the dollar has been rising as shown by the DXY today. Rising dollar = reduction in gold price in USD. This is normal but, as I write, gold price still above $5100++ which is remarkably high in the circumstances. Gold miners are a leveraged play on the gold price so rising gold price 'should' grow miners even more. Similarly reduction in gold price should affect miners even more to the downside. All normal stuff, GGP still mining etc etc. and real 'investors' should follow Rick Rule's advice and add on weakness. Traders/speculators might be better served on boards dedicated to those short term techniques.

Jarden is currently one of the most bearish voices on Greatland. In contrast, brokers like Argonaut and Barrenjoey have maintained price targets as high as A16.00 – A18.50 as of February 2026, focusing on the massive cash flow generated by the Telfer mine in the current high-gold-price environment. Jarden's primary critique in 2025 and 2026 has been the "disconnect" between Greatland’s market cap and its fundamental net asset value (NAV). In early 2026, they noted that the market was pricing the stock as if gold would stay at record highs into perpetuity.

​Gold Price Sensitivity: Jarden uses a more conservative long-term gold price of US$2,400/oz for their modeling. Well there you have it. I have successfully traded physical gold over a number of years since, like most Centrak Banks, I believe gold will increase above present levels unlike the experts at Jarden whose gold price predictions haven't impressed si far.

My understanding is that the UK 'owns' 310 tonnes.