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

cheers GF.

Hmmm - 340 here and its not even Friday.

skin guess which brokers are shorting?

moving up nicely today sp 88p

time to buy .

Have you been away, Tanks. Spent all your money?
Sharm=el-Sheikh?
Gold staging a mini-revival, it seems. RRS, my benchmark,
also rising steadily again.

Trading Statement

Key points

Results

n H1 2013 gold production at 294,700oz, up 6% on H1 2012 (H1 is always lower than H2 due to weather conditions);
n H1 2013 gold sales at 297,100oz, up 4% on H1 2012;
n H1 2013 average realised gold price of US$1,579/oz, including US$84/oz contributed by the Group's hedge arrangements; Forward gold sales outstanding as at 1 July 2013:
- 219,400oz at forward price of US$1,664/oz for H2 2013,
- 145,700oz at forward price of US$1,494/oz for H1 2014
n Exploration success in H1 2013 has identified additional, higher-grade mineralisation near Pioneer, Malomir and Albyn processing facilities; and
n Net debt peaked in March 2013 (at c.US$1.2 billion) and fell by c.US$50 million to c.US$1.15 billion as at 30 June 2013.

Outlook

n Full-year 2013 forecast gold production 760,000-780,000oz reiterated;
n Cost cutting programmes are targeting a 9-12% reduction in cash operating expenses at all mines in H2 2013 compared to the H2 budget and a c.US$6 million reduction in central administration costs for the full year;
n Total Cash Costs per ounce for hard rock deposits ("TCC/oz") for the Full Year 2013 expected to be somewhat better than originally budgeted, mostly as a result of cash operating cost reduction program. However, lower-grade mill feed and high stripping volumes in preparation for H2 2013 production caused H1 2013 TCC/oz to be higher than the projected H2 2013 TCC/oz;
n H1 2013 mining programme has enabled a scheduled increase in head grades through the mills in H2 2013: Pioneer +c.38% (2.2g/t), Pokrovskiy +c.47% (2.2g/t), Malomir +c.57% (2.2g/t), Albyn +c.78% (1.6g/t ) compared to H1;
n POX Hub commissioning delayed allowing the re-balance of capital expenditure requirements with free cash flow in the lower gold price environment. This decision taken in response to a lower gold price environment and is possible because of recent exploration success;
n At today's gold price levels and exchange rates, net debt is expected to be less than US$1.0 billion by year-end; and
n Management reiterates comments in the recent Annual Report, AGM presentation and in its announcement issued on 11 July 2013 regarding the likelihood of substantial impairments in a declining gold price environment.

23 Jul 13 Westhouse Securities Buy 99.75 275.00 275.00 Retain

Canaccord Genuity Buy 104.13 340.00 340.00 Reiterates

What about GS?

This is what Cazenove thinks:
"Gold’s urgency diminished, but LT debasement bull case intact: Recent Fed pronouncements are deemed less hawkish, which amid low global inflation has led many investors to question gold’s relevance and safe haven status. We retain our belief that a tripling in US debt since 2000 and debasement of FIAT currencies since 2009 means the LT bull case for gold remains intact, or at the very least gold’s relevance as a hedge does. Gold opportunists should note that much of the metal flowing out of the ETFs (19.7Moz YTD) has fed rising demand in China and other EMs.

UK gold sector still not cheap despite share price collapses: with most of our coverage universe likely to be loss-making or facing liquidity/solvency issues if current gold and silver prices continue to perpetuity, we struggle to identify fundamental valuation support in the absence of a gold price rebound. This is despite a 50% average fall in share prices YTD. Rising gold equity betas undermine the historic justification for premium valuations for precious stocks, yet we believe premium ratings are appropriate for companies with low beta, high-quality assets and operational capability to cut their cloth according to prevailing market conditions.

FRES, RRS & POLY top picks; avoid POG, HOC & ABG: we incorporate JPM’s recently reduced gold price forecasts into our models, prompting significant downgrades to our base case FY’13/14E EPS. FRES, RRS and POLY can all generate FCF even under further price downside scenario and are our top picks; POG and HOC have differing degrees of balance sheet pressure and are our key Underweights."

GS haven't updated today!

Finally starting to recover a bit and high time too ! Still down over 90% from its' highs.

maybe shorters like goldman sucks are getting a little twitchy?

I've closed a SB today, position for +24, but still have a 'real' holding which is somewhat under water still!

I guess the big concern has been the fact that they are in the good old USSR !

what was that great Beatles anthem?

white album tells all

PETROPAVLOVSK PLC - ADDITIONAL LISTING
Application has been made to the Financial Conduct Authority by Petropavlovsk PLC ('Petropavlovsk' or the 'Company') for the admission of 9,778,332 ordinary shares of 1 pence each in the Company ('Ordinary Shares') to the Official List and to the London Stock Exchange for these securities to be admitted to trading.

The application has been made in relation to the new Ordinary Shares being issued to shareholders in respect of their entitlement to receive 1 new Ordinary Share for every 19.21 Ordinary Shares held on the Register at the close of business on 28 June 2013 pursuant to a resolution of the Company's shareholders at the annual general meeting held on 11 June 2013. It is expected admission will be granted on 25 July 2013 and trading will commence 26 July 2013. The new Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions save that they will not be entitled to receive the cash dividend of £0.02 per Ordinary Share payable on 26 July 2013.

RBC Capital Markets Underperform 98.75 99.00 150.00 105.00 Retains