Member Info for Phoebus

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

Huge trades indeed. Bought in earlier. The SP has been largely stationary for weeks. Time for a big move :D

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.

is the Fed rate decision at 7pm tomorrow. If they fail to raise as seems likely given the awful jobs data we should see a breakout in gold and a major surge here to 50p and beyond. GLA

moving up nicely again today and GDXJ gold mining basket about to set a new 21 month high. Why on earth are folks selling?

Oh dear.

Not if they are asleep.

That's not strictly correct.

Guess W got his entry price.