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

cheers GF.

i note that on the rather false auction close, sp has crept above 25 dma ..... can it build on that?

Interesting moves after the US data. Data would suggest we won't get a Fed 1/2 cut, 1/4 more likely, nothing a possibility. But dollar now being sold against EUR and gold higher, so perhaps the market continues to want a half.

i would rather hope that 1/4 was felt to be sufficient ..... whether or not the market will take kindly to that depends on sentiment more than logic

Curious to see strong gold and silver today but out of favour here.

Now we appear to be off. Dollar getting sold strongly. Gold and silver rising sharply. Equities to gain strongly on the Dow open I suspect.

more to the point with POG is that sp dipped below 25 dma and has now moved back above it

Absolutely. Where are you - you've been quiet!!

away in dubai on biz ...... back in uk tomorrow evening

Well the market appears not to like that news too much. Despite 15% more gold under world standards, it's the extractable reserves down 6.8% which is causing the current sales. I still think it's a good hold.

very annoying that sp has tumbled back through both 25 and 50 dma, but then the markets are pretty dire anyway ..... gold still strong and this is still a first class company

Goldman out with buy rec, target 1450p

for my part, i reluctantly dumped them having read the various brokers comments that you can pick up on Newswatch section of MAM ...... dare say i shall come back in, but not today!

the chart is now rather less than pretty .... whether or not sp will tumble all the way back down to about 1125 (200 dma) is a different matter ..... at time of writing, 1269 = -29

Doesn't look so good currently with general malaise as well. Hanging in for the moment, main write up in Momentum Investor at the weekend and one of their naps for 2008 on fast developing new mines.

Out too, cash is king at the moment.

but keep watching this .... POG has been hammered because of its slightly disappointing JORC statement (if that is the correct term), but sp has now completely tumbled out of bed ...... surely must be a buy if sp hits 200 dma, and there may even be some decent support before then ......

to repeat ..... i did not say buy; i said watch with a view to perhaps/probably buying in due course

current level (1200) has potential, and to me, 1100 looks hot!

Arbuthnot cut to sell this morning. I'd like a chance at the 200dma to get back in.

perhaps we'll get that ..... what target from Arbuthnot?

none mentioned yet that I see, just a headline currently