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POG CHART. Gold looks like its on the Rise. (POG)     

goldfinger - 06 Aug 2004 16:15

Chart.aspx?Provider=EODIntra&Code=POG&SiChart.aspx?Provider=Intra&Code=POG&Size=http://www.kitco.com/charts/livegold.html

cheers GF.

gold.gif

Greyhound - 28 Sep 2007 16:48 - 125 of 2076

50dma about to head up through the 200dma for a nice golden cross. Heading higher to test to all time highs ahead?

cynic - 28 Sep 2007 17:09 - 126 of 2076

all time high was actually 1700 in mid 2006 .... long long way to go to challenge that

Greyhound - 01 Oct 2007 09:59 - 127 of 2076

Tipped in Telegraph on Saturday and Sunday Times yesterday.

cynic - 01 Oct 2007 10:18 - 128 of 2076

tried to top up at 1230 this morning, but could not and was not prepared to chase

Greyhound - 01 Oct 2007 10:37 - 129 of 2076

I haven't seen anything on the apparent 20 Merrill target, and not sure how reliable my source is.

cynic - 01 Oct 2007 10:58 - 130 of 2076

it's true .... it was a note put out 2/3 months back

Greyhound - 01 Oct 2007 11:16 - 131 of 2076

thanks for that

cynic - 01 Oct 2007 15:49 - 132 of 2076

just topped up at 1242

Greyhound - 05 Oct 2007 09:02 - 133 of 2076

Well it's picking up again so profit not so far away. Goldman end of Sep issued target fo 1450p. (To keep it balanced I should mention the Alfa Bank 1248p and Aton ?? sell 914p). I prefer the Goldman/Merrill big boys!

Greyhound - 05 Oct 2007 12:40 - 134 of 2076

The issue of $150m with a Gold option looks to be well received by the financial community with funds to be used to progress Malomir and Yamal. We've had a year long consolidation period so now it's time to be heading swiftly much higher in my opinion.

Greyhound - 08 Oct 2007 08:36 - 135 of 2076

Now we've clearly broken this congestion zone for year highs to press ahead for 1600p and the all time highs. Good comment too in the weekend press regarding the bond issue.

Greyhound - 11 Oct 2007 08:32 - 136 of 2076

So finally looking as though we could be heading north of 1300 soon. All looking good for the future with further development to come imo.

Greyhound - 11 Oct 2007 08:38 - 137 of 2076

HSBC came out with a neutral stance on this one yesterday, target 1300p but there are rather some mixed opinions:-

Merrill 23/4 2000p buy
Canaccord 21/9 1400p buy
Arbuthnot 24/9 950p neutral
Citi 24/9 1800p buy
Goldman 27/9 1450p buy
Aton(?) 913p sell
HSBC 9/10 1300 neutral

I'd rather stick to somewhere between Goldman and Merrill.

cynic - 11 Oct 2007 08:53 - 138 of 2076

if gold continues its upward trend as seems most likely, then POG will be a serious beneficiary ..... though there is "Russian risk", POG is one of if not the cheapest producer in the world .... furthermore, it is a solid and very long-established company with an equally long history of dealing with the Russian hierarchy and gov't prevailing

Greyhound - 11 Oct 2007 09:33 - 139 of 2076

Not forgetting the senior management Russians able to oil the wheels...

cynic - 11 Oct 2007 09:39 - 140 of 2076

exactly that .... which is partly why i have gone back into TIO ..... go look

Greyhound - 11 Oct 2007 10:47 - 141 of 2076

Will check it out cynic, although my exposure in that part of the world is perhaps at its maximum.

ZAO Omchak, a venture between POG and Russian miner Susumanzoloto, won an auction to develop a gold deposit in east Siberia. The deposit holds 10.5 tons of gold.

Greyhound - 11 Oct 2007 12:02 - 142 of 2076

Golden Cross now taken place as well to start retargeting the all time highs.

cynic - 11 Oct 2007 12:14 - 143 of 2076

i am not certain of the "potency" of a golden cross (50 dma crossing with 200, both being on an upward trend) but for sure it cannot be bad! .... anyway, i post below the 2 year chart really just to highlight the all-time high at 1700 ...... long way to go, and plenty of sneezes en route for sure! ......

Chart.aspx?Provider=EODIntra&Code=POG&Si

Greyhound - 11 Oct 2007 12:35 - 144 of 2076

I quite agree on the long way to go, but have a look at graph from 2002ish, I think this just substantiates a good solid 2/3 year hold and who knows if they get taken out at some point in the future.

Your sentiments on Golden Cross are completely justified, you never know the true effect. This last happened in POG in summer 04 below 6.
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