New Thread as requested by Wirral Owl.

6 Months Chart:-



10 Day Chart:-



Cheers

Ash

POG down to 353 but yanks still think its going to go through the roof. Strange situation. G

Hi G.

In all the blizzard of newsflow relatively little importance has been given to the Freddie Mac FRE management shakeout and SEC probe. Its the No.2 mortgage backed bond seller (after Fannie Mae FNM).

Criminal investigation in train...

http://biz.yahoo.com/rb/030611/financial_freddiemac_3.html

This is a Weds report after the Tue one about the SEC probe and the Mon dismissal of CEO and others.

This news seems to be trickling out in planned fashion... everyones been saying the mortgage bonds are the shakiest part of the Fed liquidity injection machine... in time (not very long) it will set the dollar off down again & be good for gold IMHO.

Regards Pat

http://www.mips1.net/MGLdn.nsf/Current/8525690B0032142042256DD700293F67?OpenDocument

Tipped in the Independant today.............

From today's Independent:
Avocet Mining was in demand, rising 3.5p to 77.5p, on talk that gold production at its Malaysian operations is running well ahead of internal estimates. Gossips reckon current market forecasts on Avocet may prove to be far too conservative

cheers GF.

AVM rising strongly today boosted buy the strength of the dollar and recent news signifting more reserves than first thought and the benefit on profits and revenues from leeching. Buys at 165000 more than doubled sells at 78000, should show strength again tomorrow as gold stocks become the vogue once more.

ehall,

AVM has been oversold, IMHO, and is now retracing towards a fairer value, and I'm happy to hold for the long term, as I feel they will soon become a 200,000 oz per year producer.

And don't forget AIM stocks held for over two years only attract 10% CGT!

ttt

results out on wednesday.............think this will go a lot higher than current price

these shares are going to go over 1 soon, IMHO. If u got on board when i told u, u would have made a nice wee profit already

up again today.........nice

AVM up again today.........hope u guys and gals bought some.

Gold back on rise too.......heading towards 450/oz this time i feel

and up again already. keep buying everyone, this is a wee baby that no-one talks about

Didnt move today but nicely up over the last week and with POG remaining in the $420s this one should move further north.

cheers GF.

if u r back in this goldfinger, u must have wished u didnt sell when it hit 60p and u thought it would fall further.

the gold shares are a long term hold IMHO, not a short term thing to hold onto

Scottie,

I agree, but if your gold shares are trading sideways, why not sell, and put your money in some stocks going up?

I did, and I now have a new position in AVM, and my funds did well whilst they were "out" of AVM!

I think we will be over the 100p mark soon.

Both methods work guys. Lets keep the fingers crossed these go up and up.

cheers Gf.

Nice move back up again today. Hoping these will really rip after the US elections. 2 massive budget deficits in the US can only mean one thing, a run on the dollar (devaluation) and POG moving upwards.

cheers GF.

chart indicates push up to about 110p anyway and probably 160p ish medium term

Just put the price up 1p with my 10,000 buy.

It as dropped a little but buys bigger than sells.

cheers GF.