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

cheers GF.

A whopping 90 analysts say gold will hit at least $5,000/oz. Read their projections and rationales. http://t.co/WItGpp5

POG on a forward P/E of just over 8 to 2012 far to cheap IMO. Should be at least double that.

Hemscott Premium.


Petropavlovsk PLC

FORECASTS WIRES 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Evolution Securities Ltd
27-06-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53
Edison Investment Research
03-06-11 None
Numis Securities Ltd
13-04-11 HOLD 197.37 81.78 7.99 201.67 84.85 7.99
Fairfax IS [R]
27-01-11 BUY 66.15 9.89 124.11 18.62

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 211.31 79.24 8.92 216.88 93.56 10.87
1 Month Change 0.53 1.54 0.01 0.58 1.74 -0.05
3 Month Change -11.73 2.35 -0.56 -12.79 -6.94 -2.11


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS -48.25% 171.26% 18.08%
DPS % -10.84% 21.92%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 144.77m 280.33m 292.57m
EBIT 97.86m 233.35m 246.70m
Dividend Yield 1.31% 1.17% 1.43%
Dividend Cover 2.92x 8.89x 8.61x
PER 26.07x 9.61x 8.14x
PEG -0.54f 0.06f 0.45f
Net Asset Value PS 361.44p p p

One of the latest broker forecasts...Petropavlovsk
FTSE 250
Basic Materials
Buy
1150
717
60.4%
Canaccord Genuity


Target 1150p 60.4% upside.

Lovely chart breakout...

Weekly candlestick chart is for a Buy.

http://www.britishbulls.com/weekly/StockPage.asp?CompanyTicker=POG&MarketTicker=Basic Materials&Typ=S

Not long to go and I can see the SP riding up to the update...........

A more detailed breakdown of the Group's production during the first half of the year will be provided in the Company's Trading Update, which is scheduled to be released on 21 July 2011.

http://www.investegate.co.uk/Article.aspx?id=201106210700098017I

what odds on the management having learnt some lessons on accurate or even conservative predictions?

As I pointed out earlier the bullish inverse head and shoulders pattern on the chart........

The unhedged gold producers just have to go up.....POG,CEY,HGM,AVM...all worth a look.....

.

From Investors Inteligence.....

UK Chart of the Day: 13 July 2011

Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.

The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.

Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.

Petropavlovsk PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Evolution Securities Ltd
11-07-11 BUY 223.04 83.46 9.22 229.67 86.04 9.53

Hemscott premium.

Gone long LDK USA. Sola energy company. 2 big contracts won today.

GF - I saw that - some achievement selling to the Chinese!

Oooops posted on wrong thread sorry about that.

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8635523/How-to-invest-in-gold.html

Investors Inteligence tip this morning...

Petropavlovsk - The long-term downtrend may be coming to ending. One, no more lower highs. Two, a relative base breakout (see right). Overweight short-term.

Broker Recommendations from Digital Look. SP here looks way undervalued......

Date Broker name New Price Old price target New price target Broker change

21-Apr-11 HSBC Overweight 910.00p - 1,200.00p New Coverage
25-Mar-11 Citigroup Hold 1,070.00p 1,290.00p 1,100.00p DownGrade
22-Mar-11 Evolution Securities Buy 1,046.00p 1,600.00p - Reiteration
14-Dec-10 UBS Buy 1,151.00p - - Reiteration
07-Dec-10 Arbuthnot Securities Buy 1,165.00p - - Upgrade
24-Nov-10 Bank of America Buy 1,072.00p - 1,700.00p New Coverage

.

Newsletter - Issue 27, July 2011

Gold at Record High - You Ain't Seen Nothing Yet!


So we have seen a new record high for gold. You aint seen nothing yet. In a few months time $1590 the peak seen this week will be a distant memory. We expect $1700 to be topped this year and $2,000 in 2012. Others are far more bullish than that.

So what has caused the recent jump in the gold price. In the US ,the Federal Reserve gave a leg up with talk that some members are potentially in favour of additional monetary policy accommodation if economic growth and unemployment fail to improve. The latest US Jobs statistics were the worst since the 1930s. Meanwhile Congress and Obama are still in deadlock over whether the US Government goes bust on August 2nd. Of course the current $14.3 trillion debt ceiling will be lifted but it will do so via shoddy compromise and everyone will know that it is a shoddy compromise. US Government finances are bazookered!

Meanwhile over in Europe, the EU debt crisis worsened as credit rating agency Moodys sent yet another Eurozone member to the Junkyard. Ireland followed both Greece and Portugal to non investment grade status shortly before the close of the US markets on Tuesday. Where is next? Italy? Spain? This crisis is not over and will only end when the Euro as it now stands is scrapped.

The Irish downgrade is one thing, the majority of astute investors realise that as the country is insolvent and all but frozen out of the debt market, a second EU bailout will be needed at some point. However, Italian debt whisperings should be seen as a developing problem likely to rattle global markets further as debt contagion will now inevitably be likely to engulf the country, followed by Spain. It will be interesting to see the results of the stress tests on the 91 EU banks which are set to be published after the close of the EU markets today. Taking this into account the big three rating agencies are still reeling from the bad press received following the fall out of the 2007/8 crisis, and their rating AAA rating of toxic debt, so it is more than likely that all three will take a harder stance this time around. We have just seen S&P follow Moodys by putting the US on credit downgrade watch.

Certainty is currently short lived and it is likely that some of the focus on Europe will transiently dissipate when the earnings season across the Atlantic gets fully underway. We saw on Thursday how Bernankes comments to the Senate let some air out of the stimulus balloon. But the elephant in the room (which is not going away) is the developing US debt crisis. If the debt limit is not raised by 2nd August the Worlds largest economy will quite simply default on its debt. This will send the global markets into madness, lending will dry up and we will almost certainly enter a period of complete uncertainty in regard to the future. In reality this will not happen as the debt ceiling has already been raised circa 90 times since inception, and once a year since the beginning of the century. What should, and inevitably will, be realised is that, like the indebted EU nations, the US has a structural issue. Put simply it spends far more than it earns. 40 cents of every Dollar spent is borrowed.

This is not to mention that in June unemployment ticked back up to 9.2% but in reality more than 15% of the country is unemployed. US jobless claims did in fact surprise on the upside this Thursday but put in the context of the continued lack of robust hiring (the majority of hires have been on the low income side which will generate lower revenues for the Government) an additional 18,000 jobs goes no way to remedying the issue. Over the past year in the US, private employers have added 1.7 million to their bank role. However the net result of 659,000 cuts in government jobs (roughly half of those were temporary Census workers) means total U.S. payrolls were up by only 1 million over the last year. This leaves the country with 7 million fewer jobs than when the recession started in late 2007. This subpar job growth will continue to restrain domestic consumer spending, preventing the US economy from gaining any real traction. A jump in US inventories again on Thursday, coupled with declining sales indicates this clearly.

Less than one month after the end of the last bond buying programme there is already whisperings and hope for a third bout of stimulus. Although Bernanke has stated that there is no immediate plan to widen the Fed balance sheet further we suggest that this is an act of containment. The Fed knows too well that any uttering of QE3 will see the next sugar rush ensue. In reality in one form or another we can expect the US to step in to hold up its economy and subsequently equity markets.

Despite the price of Gold having consistently held above $1,500 throughout the past two months mining equities have struggled. Markets are short sighted and despite an uncertain environment and a developing global debt crisis, as we have detailed previously, the valuation gap between Gold itself and the rating of equities has continued to widen dramatically. We have subsequently seen the valuations of a number of our holdings marked down by forced/panicked sellers with buyers relatively nonexistent, sitting on the side lines. According to Barclays Capital, July is set to be the worst month in regard to trading volumes so far this year, with year on year volumes down 23% (arguably even more across the small cap market)! This has simply compounded the issue over the last two months but we have very recently enjoyed an uplift in the prices of the majority of our holdings. Over just the last three trading sessions we have seen our NAV tick up by 3.4% (Source: Financial Express). The key point however is that the value in this sector is now, in our view, quite stunning. You do not get to buy gold producers on less than two times cashflows. You can now.

Erste Group recommends that in a typical scenario five to ten percent of a portfolio should be allocated to Gold with scope for further diversification into mining equities, citing currency devaluation and negative real interest rates as the main drivers for pushing Gold higher. We would argue that even on the upper side of this range a portfolio would be underweight Gold/mining equities given the wider risks to investors currently. Admittedly the argument that Gold does not provide an income stream is valid but we believe that in this inflationary environment the modest yields offered by even the big FTSE payers are not adequate. Strong capital growth is far more attractive and this is what we aim to provide.

Despite having ticked up over the last few days the team at T1ps Investment Management (IoM) remains of the view that, having absorbed a lot of downward pressure over the last two months, the portfolio is significantly undervalued. We have purchased more of what we already own, notably Ariana Resources, and just yesterday Senior Tom Winnifrith took taken advantage of the low valuations and made a further investment into the Fund at a personal level. We are confident that we are invested in the right places and that the outlook for our underlying investee companies remains bright.

Ross Jones