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

cheers GF.

I wonder if this has now started to turn the corner. Seems to have bumped along the bottom for a while, but starting to turn positive. No news recently.

I 'kin hope so!

Likewise skinny, sp has moved up with the gold price.
2517

i see no reason at all to jump on board, and any rise MAY be just a few bears closing their very profitable positions

Petropavlovsk plans to cut output in 2014 - ex Reuters

Comment from Digitallook:
"April gold futures ended the session up by $9.30 at the $1,300.10/oz. level on COMEX.

However, it should be noted that some observers seem to be a tad cautious as to the ‘staying power’ of recent gains.

Be that as it may, overnight Capital Economics told clients it was happy to reiterate its $1,450/oz. year-end 2014 price target for gold. "


Also POG's reduced production is due to the sale of an asset. PH is quoted as saying "However I can state with some happiness that our 2014 gold production target of 625,000oz of gold is confirmed."

Yes but dont forget this from your own hand............

cynic - 11 Feb 2014 10:23 - 1624 of 1640

i still maintain that in mining stocks you should buy diversity and above all quality!....ends

So whats your point here.

POG is not diversified and frankly, i don't think the bullion price is going anywhere ..... if POG were to be exciting once more, then i certainly wouldn't want to hear about them cutting production

If this closes below 92.38 then the odds are it's going to fall back to around 83.38. There's no conviction that the market wants to take this higher right now as its only just trading above Wednesdays inverted hammer, extended downside risk at 75 remians and my guess is if it doesn't fall back that we'll see some continued profit taking above 90.

I've got these from the 60's on a couple of accounts, but I've got a wad from much higher up!

Cyners its not diversified?????? what about the Iron Ore????

i'm not sure how important POG's ore interest is nowadays, but certainly it is minor relative to their gold interests

I'll buy below 75, or into the next run. Now's not the time to be buying, I think the odds of a short to 75 are better.

Still I'm not going to play yet, no point pissing against the wind without a confirmed signal. And for the potential (short) gain the bets not really worth the risk anyway.

Chart looks brilliant.

Suprised about you Cyners.

Are you listening to other people these days?

From next year costs are expected to be less than $750 an oz compared to $950 now.
2517

no, i'm just out of love with POG having done too much dosh on it in the past

Yes George thats one of the points I picked up on. Problem is these total chartists like Cyners dont have the double edged sword like an all rounder who checks charts AND fundies.

oh you little tinker you!
just because i no longer like a stock (i'm very happy with BLT though) and you do :-)

LOL.

certainly gold back above 200 dma, though not quite sure why the enthusiasm
do i want to dabble in a gold specialist?
not really

POG have disappointed too much for me in the past though as a contrary move I'm buying gold as a hedge - far too many are bearish. Personally I think the bull run is intact and continue to like the commentary in MoneyWeek. Not that I feel brave enough to hold here mind.