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

cheers GF.

JPS - thanks for posting, no I hadn't seen that, interesting stuff!
Maybe a tad ambitious but if he's proved right, I wont complain!
Although an explorer CDN results or up-date on on-going exploration in China
still going well, company still in the red but that's to be expected
really. Over 1M shares traded today but no price movement.

RRS still in the blue, but has dropped back a fraction - miles too
cheap right now IMHO.

(non of the above are recomendations, DYOR, yack,yack, etc etc!)
:>)

As a newbie, I am more than a little surprised to see no threads on this excellent mining company for about a year ...... Laregest gold producer in Russia; excellent management with more than proven track record ...... Having suffered a recent but very temporary setback, sp has rocketed in the last week but there may still be more to go for ...... Results are due within the next fortnight

Gold is still on a stroong upward trend ...... POG is still by far the cheapest producer in the world at $133 per ounce of gold ...... the great unknown and potential problem is that all their assets are based in Russia and thus very susceptible to vagaries and greed of the powers that be ..... for all the peter hambro and his family have a long history of working closely with the assorted russian governments and i would be surprised if the "upset" of the other day ultimately had long term implications.

Chart below is now of debatable value as sp has plummeted through all dma trends ..... on the other hand, it could be argued that there is at least a fast buck to be made on the rebound.




black = 200 dma
red = 50 dma
green = 25 dma

nice to call one right for a change ...... until all goes pear-shaped later in the day!!

well i hope some of you guys followed my advice ...... been in; now out and thank you very much indeed says the bank manager! ...... if sp falls back again, could well buy once more

cynic, well done old chap.

I take it you bought before the rebound?

bought at 969 (bottom was 946); sold at 1030 (top was close to 1050)

not too happy to see the chart forming a dead cross at about 1150 ..... and don't forget the overhanging issue of unknown reality of licencing objections ...... however, sp is beginning to look oversold again ...... well worth watching and perhaps a little dabble

i did (992) and still not too late tho now 1017 ..... rsi is still <40

sorry chaps ... looks like a wrong call ..... no news and sharp fall may be just general unease following Shell/Sakhalin story ..... on the other hand, it may be that the Russkies are cooking up a more serious story re POG's licencing "misdemeanours" so they can steal the assets ...... have cut my losses but will continue to watch

heads up: RTRS - Russian Agency to check ALL of POG's licenses. Sorry to be the bearer of bad news.

am already out .... took my own advice for a change and took the hit at 889 when sp looked sour for no obvious reason

Just tore thru the 800 mark without even touching the sides ... maybe the writing's on the wall for investing in ANY remotely-Russian-related resources (took a hit on Oxus for the same reason) ... looks like a general land grab to me.

didn't have the balls to short, but never mind ..... did not even have "known reason" when i cut

RTRS just out - they're going to do a Shell/Sakhalin job on POG - meeting today to "define options for possible cooperation btween Rosprirodnadzor and Peter Hambro Mining".

no surprise there, though i guess that explains the partial recovery in POG ..... however, all POG's assets are in Russia and any deal (odds on there being one) cannot be exactly advantageous to POG - i.e. i personally see no reason why recovery should continue; indeed prob the opposite

despite yesterday's massive recovery, it is with regret that my view is that this intrinsically excellent company's shares should be avoided at least until the extent of Russian greed is truly determined.

POG seems to have resolved its differences with the Russian bureaucrats ..... excellent trading statement in the last few days.

POG is a top quality company and is, i am almost certain, the cheapest gold producer in the world.

Gold itself is, IMO, a good medium/long term investment, and i for one have a position both in bullion and have also bought back into here within the last week.

red = 50 dma
green = 200 dma

good to see that break through 50 dma has not only been mainmtained, but some increased upwards momentum ...... next obvious pause is likley to be when 200 dma hit currently at 1200, but if through that, then perhaps up to 1300

i feel like the prophet in his own land