Hope this helps board members out. Come on $400.



cheers GF.

nb, updated 2.30am wed.

Thanks goldfinger.I like the site and am getting great info from everyone here.I
can get my info quickly and often at the same time as getting other shares
so not as difficult as it appears-I have built up a long list of wwws and many
of them e.mail me info - they will e.mail anyone.Cheers ajren

Heres an interesting article on the state of play.

SAN FRANCISCO (AFX) - Gold futures tumbled as much as 12 usd an ounce
Monday, closing at their lowest level in nearly a week following a run that
brought the metal just shy of the key 400 usd barrier, dealers said.
December gold closed at 391.50 usd an ounce, down 6.50 usd on the New York
Mercantile Exchange. At its lowest point, prices fell 12 usd to touch 386 usd --
the biggest intraday decline since early October.
The contract rose to a high of 399.40 usd an ounce Friday, and gained nearly
15 usd for all of last week, but it hasn't been able to breach 400 usd -- a
level it has not seen since March 1996.
"Dealers are nervous buying in front of this milestone 400 dollar level,"
said John Person, head financial analyst at Infinity Brokerage Services.
"Short-term investors who believe they can get back on board the gold ride are
exiting after the market was incapable of trading above 400 dollars in overseas
markets," he said.
Still, there's a "good chance" gold may hit 400 usd this week, with the US
dollar trading "poorly in periods bereft of important economic data," John
Reade, an analyst at UBS Investment Bank, wrote in a report to clients.
On Monday, the dollar gained ground against the yen and euro, and major
stock indexes fell -- a backdrop that would usually be bullish for gold, if not
for its recent climb to seven-year highs.
All in all, gold investors' commitment to the gold market "stems from both
superb and compelling rationale," said Leonard Kaplan, president of Prospector
Asset Management in a note to clients.
Since the beginning of 2002, the dollar has fallen some 23 pct, "and is
almost universally though to be going lower longer term, he said. At the same
time, gold has climbed 36 pct.
General weakness in the equity markets, growing concerns over inflation, and
the "frightening geopolitical condition" related to recent terrorist activity,
are all reasons that the "gold market will continue its march to higher prices,"
he said.
Among the events this week likely to have the biggest impact on the trading
of gold, more economic data is due from the US, with much of it likely positive,
said James Moore, an analyst at TheBullionDesk.com in London.
Business conditions at manufacturers in the New York region improved
substantially for the second straight month in November, the Federal Reserve
Bank of New York said Monday.
US businesses also increased their inventories of unsold goods by 0.3 pct in
September, the first increase since March, the Commerce Department reported.
In addition to the week's data, "the continuing rise in terrorist activities
will also have an effect on the market, increasing the safe-haven premium,
particularly following the Bombing of Jewish Synagogues in Istanbul over the
weekend," Moore said.
But with the yellow metal "now challenging the psychologically significant
400 dollar level, expect more coverage and investor interest going forward,"
said Grady Garrett, chief trading strategist at EnergyTrendAlert.com, a
commodity information provider.
"The economic strength ... is setting the stage for a positive setup for
gold," he said.
"The reality of a sustainable recovery is going to mean a burst of inflation
should eventually occur," he explained -- an environment that is usually
positive for gold prices.
In other Nymex trading, silver futures dropped back along with gold, after
closing Friday at their highest level in three years.
December silver fell by 18.8 cents to close at 5.227 usd an ounce.
Last week, the silver market staged a "massive rally," to gain some 35 cents
an ounce. "The silver market is much thinner than gold, ... and just a bit of
speculative fervor was enough to catapult prices higher," Prospector's Kaplan
said.
"Silver prices have followed gold, almost slavishly, and this much be
considered a major benefit to silver bulls," he said, adding that he expects
this trend to continue -- "look for this correlation to strengthen as time
passes," he said.

cheers gf.

Is it getting ready to burst up?

GF.

Great news in my Opinion :-

Paragraphs :- 5,6,7 - especially good,10 and 13...ajren

ajren, which ones are you backing, I have Bema, Thistle (where I have taken some profits)and have been looking at others one being Tiger Resources TIR, well worth checking out, a bit similar to Golden Prospect. Only thing that puts me off is its penny price.

Would be interesting to hear your view and others on which they feel are the gold companys to invest in.

cheers GF.

Also,ref Treads Caledon resources and GOLD

Golden prospect is all you need! Its holdings -ie Centamin, are all good companies which IMO wont collapse if metals should plunge. I keep thinking i should get into individual companies......but then bottle it and top up in Golden Prospect. Anybody think its a good plan? or am i asking for trouble? cheers

Hi gf.I do not trade mining shares.Just happened to come across info whilst
looking at terrorist info.cheers.

GF,

I looked at AR. the other day, prospects look great, however, there are 3 things that stopped me investing:

a) Political difficulties i the Indonesian region

b) 40% of the company held by OCE who have performed very badly since floatation

c) I can never spell their name - Archipelago(?) Resources

Have a quick butchers mate, but personally I think it needs more time before investing!

If you think it's worth taking a closer look, I'll email my notes to you!

SB

Thanks gf as great as I like to get ANY info on ANY share

Re mining shares :-
IF I traded I would get in and take profits immediately.--just an Opinion.
What is your view ?

Price taking off again -- $395.50 now.

Ref my post of Nov 17/19.15/9 of 21

i.e.Info gave me Asset Managers to jump in below 390

Ajren, spot on, you dont mess about in this business if you are a short term investor.

If i go for a stock I will say long or medium as per usual or I will say its a gamble as per the Thistltle Mining Stock on Friday.

I tipped this at about 15.8p on another site early Friday, 2 to 3 hours later it was up 42.4% and i took profits. I still hold a lot of shares.

The big thing here is that investors should take profits , lets face it its your wage for the week and lets not forget staying in too long can lead to bad feelings. If you see a big return, cash in and take it, just forget about it, and move onto the next one. Never ever look back , its like life.

cheers gf.

GF,

Just noticed you're online, I can't sleep now cos I just witnessed POG go to $400/oz.

WOW - The excitement is too much for me my friend!

just sent you an email re: SC & TMG

SB

Wow, bloody brilliant, fantastic, your a good mate SB, one i have deep respect for and one I trust, more than anything else.

Please bang it on the gold related threads, on this site, lets have everyone having a chunk of the spoils.

Chheers GF.

Yep just checked the chart out above. F A N T A S T I C, BEMA IS THE ONE TO GO INTO IF YOU WANT A LONG TERM STORY, ie , BAU. Thistle and Golden Prospect run it close.

SB , lets have a jig and a song, ...... were in the money were in the money, were in the money and thats TRUE.

Wow Loads A Money, you do realise Im not gong to be able to sleep tonight. Over 1.8 million tied up here. Im so excited, I did tell you, and many thanks to Simon c, Evil Knieviel, cheers mate, yes you were right.

cheers GF.

Me too mate - I'm glued to the gold price! Just gonna cook me some food to sustain me through the night!

AVM, BAU, GOL, TMG

I hold all these thanks to your recommendations GF... I am likely to add in the morning if they're not all marked up by a few quid!

(Also hold OXS, CBM & CDN!)

GF

whats your views on OXUS GOLD?

It was tipped in shares magazine last week but has only went up a few pence since then. Its around 80p at present.

Market Commentary from Scotia Market Watch

Gold started the New York session around 393.00 and held steady as scattered buying interest was seen from a number of sources. Traders viewed the market stability as encouraging and bid further after trading as low as 386.50 the previous session. Resting stop loss orders were triggered when the metal passed through the overnight high of 394.00. The stop loss buying took gold to 397.00 where resistance finally appeared. Gold then traded sideways until the EURO rallied further, posting a new all time high vs. the dollar. Gold reacted positively to this news rallying to a session high of 398.20/398.60 before backing off at the close to 397.10/397.50.

Technical Commentary

Gold performed very well today, recovering to a high of 398.20/398.60 before settling 397.10/397.50. Expect further scale up selling from todays high to 399.00, however, a break above should encourage follow through buying. The initial upside goal should be 402.00 with potential to real 407.00. On the downside expect further buying to provide support from 388.00 to 386.50.

Scot,

Note OXS went as high as 88p on Friday (I think) and for a share to gain a few pence in these markets is pretty good. Almost every other small cap share is down a few pence or worse!

SB

P.S. Doh! Gold coming back down - now $399