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

cheers GF.

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

target, £10. Excessive if you ask me, I don't think this allows for the potential of the mines coming onstream.

thanks m8 .... will keep watching, but i agree £10.00 is unduly pessimistic i would have thought

nearly jumped back in yesterday, but glad i did not ...... long rns to be found on Newswatch, but below is a very brief extract .....

Last week's report by Wardell Armstrong International transferred some of the company's resources to a Joint Ore Reserves Committee (JORC) basis, acceptable in the west, from Russian standards. However, a detailed look at the 318-page report has resulted in some analysts questioning Peter Hambro's ability to reach its 1 mln ounce production target by 2010.

sp now looks almost certain to fall to 200 dma, and the Q then is whether or not that will hold .... if not £10.00 next stop ...... of course, there are mutterings that POG could be a t/o target, but am sure any predator will also wait a while before throwing his hat in the ring.

CEY may make an interesting alternative gold play, even though that is something of a minnow