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

cheers GF.

God knows - well someone must!

Wonder if its bottomed. Suppose thats on gold price?.

Actualy out fishing so limited to what I can do on this poxy lap top.

Any idea what other brokers are saying?.

Skinny that big turd above is it the same one someone posted to Winnie?. LOL.

23 Apr 13 Liberum Capital Buy 138.60 429.00 - Resumes

23 Apr 13 Canaccord Genuity Buy 138.60 600.00 600.00 Reiterates

23 Apr 13 Westhouse Securities Buy 138.60 365.00 365.00 Retains

23 Apr 13 Bank of America Merrill Lynch Buy 138.60 530.00 530.00 Retains

17 Apr 13 Westhouse Securities Buy 138.60 365.00 365.00 Retains

16 Apr 13 Nomura Reduce 138.60 240.00 125.00 Reiterates

16 Apr 13 JP Morgan Cazenove Overweight 138.60 460.00 420.00 Reiterates

15 Apr 13 Citigroup Sell 138.60 274.00 141.00 Downgrades

11 Apr 13 Societe Generale Buy 138.60 470.00 275.00 Reiterate

Cheers Skinny much appreciated.

Post 1542, SP now 1420p ish.

Odds look better for bulls.

Skimming this over in my mind.

Caught 2 lovely Rainbows. Steamed fish and mash for tea.

Looks like a bottom on the 2 daily Skinny plus more QE promised in US and Japan. China buying gold like no tomorrow.


Ohhhhhh you devil your tempting me to buy.

Skinny got your eyes on any other charts?.

Seem to pull the bargains out.

Well market annomalies which I look for.

Appreciated if you have any.

Another of my boring yielders SDV looks quite good, but then I've been long for an age.

SDV right cheers Skinny, having a gander havent had a bite for 90 mins now.

Think ill be packing up soon.

Probably of no relevance, but a company that I have used in the past to trade 'real' gold, are offering to buy krugerrands for 99% of the price of gold for a limited period!

Who is it...?.

Our kids got loads of them.

Bloody hell must think though gold heading up in medium term. ehhh

ATS Bullion.

A couple of fund managers still seem happy to increase their short positions, which seems a bit bizarre at this time.

http://www.shorttracker.co.uk/company/GB0031544546/all

Cheers mate.

much appreciated.

JP Morgan Cazenove Overweight 137.70 137.40 420.00 420.00 Reiterates

Westhouse Securities Buy 137.70 137.40 365.00 250.00 Retains

Petropavlovsk Bullish on Gold but Works to Cut Costs

By Iain Packham (Dow Jones)

LONDON--"Peter Hambro, chief executive of one of Russia's largest gold miners, Petropavlovsk PLC (POG.LN), remains bullish on the future of the precious metal, despite the recent drop in price which has forced the company to seek cost cuts and hedge almost 50% of its planned 2013 gold production.

"It doesn't matter whether you talk about confiscation of people's deposits in Cyprus, or the impossibility of paying back much of the world's debt, or a Japanese determination to devalue their currency, there are such a huge list of things that are bad news, I'm sure that the gold price won't go down substantially," Mr. Hambro told Dow Jones Newswires in an interview.

The CEO said the company is forward-selling 46% to 47% of its forecast production to "relationship banks" over a period of 14 months ending March 2014. The forward sales contracts will be settled with cash at an average price of $1,663 an ounce.

The company is targeting production of 760,000 to 780,000 ounces of gold in 2013.

Gold was trading at $1,425 an ounce on the spot market Tuesday morning. So far in 2013, it has hit a high of $1,692 an ounce and a low of $1,378 an ounce, according to FactSet.

Despite Mr. Hambro's bullish outlook for the gold price, Petropavlovsk is working to cut costs in light of major upcoming capital spending programs and debt tests.

In a note to investors, JP Morgan estimates that gold will need to average over $1,400 an ounce for the rest of 2013 and exceed $1,500 an ounce in 2014 to avoid breaching Petropavlovsk's covenant of four times net debt to earnings before interest, tax, depreciation and amortization.

The group's estimated net debt at March 31 was $1.2 billion, about 10% higher than at Dec. 31, 2012 and in line with the profitability profile of the group, which is skewed towards the second half of the year, and its continuing investment program.

"The whole purpose of our re-examination of what we're doing and how we're planning the future is to be sure that we don't breach covenants, Mr. Hambro said, adding: "We've got a whole army of people sitting in Blagoveschensk coming up with a strategic plan that will change the profile of the company."

Currently, the group's plan is to either to conserve cash while concentrating on moving newly discovered resources into mineable resources, or a temporary slowdown of projects in order to free cash and repay the debt earlier.

Mr. Hambro expects to announce the results of its strategy review towards the end of May. "

"Petropavlovsk has investors worried about its ability to finance growth despite a falling gold price. After all, net debt for the group stands at about £787m compared with its market capitalisation of £250m. Nevertheless, The Telegraph's Questor team believes the company's Chief Executive was probably right when he told the newspaper that such fears are wide of the mark. Yes, the outfit will take longer to pay back its debt but access to financing is not such a problem in Russia and half of this year's production is hedged against price fluctuations. "Trading on an earnings multiple of just 4, falling to 3 next year, the shares are a buy for the more speculative part of your portfolio," Questor says."

Canaccord Genuity Buy 140.10 137.40 600.00 510.00 Reiterates