http://www.kitco.com/charts/livegold.html

cheers GF.

cynic, they have already down-graded their guidance, the share has already corrected, is cheap on cash flow, at this price people are fearful but there is a chance that the 27th will not be as bad as people expect.

Fairfax note out seems OK.

Time to get back in?

Petropavlovsk gold production up 51% in Q4
StockMarketWire.com
Russian-focused miner Petropavlovsk Plc said its total attributable gold production for 2010 was up 4% at 506,800oz, with fourth-quarter production rising by around 51% to 202,200oz.

Gold sold by the group, excluding joint ventures, in 2010 was 445,500oz, against the 2009 figure of 438,200oz. Average realised price increased by 29% to $1,253/oz from $975/oz.

Petropavlovsk said its conservative base case scenario for attributable gold production for 2011 was currently estimated at 600,000oz, representing an increase of about 18% over 2010.

It expected to benefit from cash flows attributable to at least 600,000 oz of gold sales in 2011.

Chairman Peter Hambro, 'We look confidently into 2011 when our fourth gold mine, Albyn, is expected to make its first contribution to the group's gold production.

'Construction works at the Albyn site, which is one of the most prospective assets of the group, are advancing well and we are currently on track to commission the c1.6-2m tonnes per year first-stage plant in H2 2011.

'Exploration works are ongoing and the group has acquired two additional prospective licences nearby.

'In 2010, the group was also successful in the acquisition of a number of licences in the Amur, Krasnoyarsk and Jewish Autonomous regions. We look forward to exploring these prospective assets in due course.'

New JORC reserves and resource numbers were expected to be announced in March.

Shares were up 28p at 1060p.
Story provided by StockMarketWire.com

CP - i already hold (1089), but the chart is scarcely encouraging and gold is still decidedly lacklustre ..... if sp were close to 10.00, then perhaps a stronger case for buying

The good thing, at least I hope, is that the gold price having dropped by over $100 an ounce is now near the 200 day moving average. In the past 18 months ,whenever this has happened, the gold price has always rebounded strongly. I'm expecting this time to be the same,though I shan't be betting my shirt on it (maybe just my pullover!)
Current political tensions,especially in the Arab world must be positive (for the price of the yellow stuff!)

The price of gold spiked up by $23. yesterday ($1,335.)
I rest my case.

CP - pretty special circumstances made this sharp recovery inevitable would you not agree ..... certainly nothing to do with "real" demand and whether or not the recovery will continue or fade once things settle down in egypt, remains to be seen

btw, i'm not quite sure why US would allegedly want mubarak out -see telegraph front page c/o wikileaks

cynic pretty obvious US trying to avoid another Iranian situation.

haven't had a chance to read the paper yet, but "iranian situation" in what respect? ..... takeover by the fundamentalists? ..... if so, how does this fit in with the current scenario?

cynic the US won't get any thanks for continuing to prop up the obviously unpopular mubarak after the new regime takes over.

and what's the betting you'll find egypt going fundamentalist within the next few years? ..... bit like aesop's fable of the frog king

cynic the americans are only concerned about who controls the suez canal.

and you think a fundamentalist egypt will be a safer bet?

Other countries in the region will obviously be taking note on what is going on. Unfortunately,too,there is no quick fix.
Egypt , I suppose is somewhat different from most others in the region, in that the racial mix is rather more diverse. The problems ,though, are the same for everybody.
So, some sort of quick solution is needed to reduce the unrest. Getting rid of Mubarak would be a good start.

.

CP - frog king to you old son! ...... i think a fundamentalist state in egypt is a racing certainty within say the next 5 years, and that is another regime that has never heard of democratically elected gov't

POG is looking better, results which did not disappoint (for once)and a stronger gold price which responds well to news..

Cynic-you are obviously a critical reader of The Economist?

never read it, though my younger son does

I saw Peter Hambro this morning on Bloomberg, talking up business prospects with China.