Member Info for Phoebus

I think your final figures is totally wrong. Probably confusing pence and pounds. I guess you mean 5.37p. Could you check please. Thanks.

about 3.2p by my reckoning and company saved. SP should rocket IMO.

Pass me the tramadol.

Either that or the metals are indeed about to move lower and the rise in SP is to help offload some shares nearer to the move high of 49.29p set the other day. If that's the case, I would expect this to move lower quickly on any further drop in the metals prices. Need to see how the metals move in the next few days to have a better idea.

Best day since the two days post Brexit. No obvious catalyst and against the grain. A tad ridiculous.

Not sure what's happening here. Gold and silver moving lower again and miners sliding, yet up goes GPM. Very odd.

Looks like the US has ponied up a suitably 'positive' jobs data release just in time to prevent a further PM price breakout. Unless the metals turn back up ASAP I have a feeling this may be the start of a medium term retrenchment across the sector as the US jawbones about raising rates at the next Fed meeting in about 6 weeks. A bit of retrenchment and consolidation here would not be a bad thing. It might explain the under performance here the last month.

And US employment data is worse than expected. Up we go. RRS now up about 8% off day lows.

reaction by gold to UK QE and rate cut. USD resuming its slide against JPY also. Reaction to US unemployment data at 1:30 will be interesting. A less than stellar data point may be enough to push gold to a new multi-year high at $1375.17. Only $12 to go.

sets new 1 month high. No resistance now until 25 month high at 21.14 from July 4.

By my calcs, a further 1.8% move up in the gold miners and the NAV here will be 60p. May well see that after the N American open at 2:30 if not before. Only been a bigger discount at close in GPM on seven occasions.

are up about 7% since Thursday evening and GPM NAV is now almost 60p, yet GPM is down. Anyone else feel like the market is taking the ****? The 13-15p upside to NAV is ridiculous. This should be in the 50-52p range at least now.

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

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.

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

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

just sold at 43.5p, with NAV currently 32.5% higher. Thanks for the top up price MMs.