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

cheers GF.

Yeeeeeeeeeeeeeee Haaaaaaaaaaaaaaaaa

Going like the clappers now.

Many thanks Harry.

Makes up for a frustrating start to the week.

This is the other part to that article (Source credited as per post #353):
"Financial instability usually prompts investors to seek a safe haven in gold, yet the gold price has failed to keep pace with events. The lacklustre performance from gold has been put down to the more wide-ranging commodity price correction on the back of deteriorating prospects for global growth rates. This implies demand from consumers for jewellery products will be sharply curtailed as discretionary spending is reined in. However, investment demand for gold has surged recently and it is easy to see why.

Base rates in most industrialised countries are trending downwards many if them rapidly. Likewise fiscal policy in most economies is being loosened. In other words, the argument for holding most paper currency has disappeared. Many governments will be lured into printing their way out of this crisis in a big way. Indeed, printing more money, provided it is done with restraint, is not necessarily a bad thing for an economy, as Milton Friedman taught us; however, it does mean that holders of cash will lose out.

The current poor performance of the gold price seems like an anomaly. One contributing factor may have been that there have been many forced sellers including hedge funds, which are dropping like flies. If you actually try and physically purchase gold, however, you will find yourself either paying a hefty premium over the spot price or being put on a waiting list. The fact is that despite plenty of exploration activity, there has been a lack of major finds in the recent past and the world is producing more gold than it is replacing through exploration. Yet despite all this, the inflation-adjusted gold price only matches that of the late 1980s or the early 1990s. Citigroup analysts predict gold could hit $2,000 per ounce next year.

Investors looking for exposure to gold could go for the obvious option and simply buy gold or an ETF specialising in gold. However, savvy investors might want to take a look at the gold producers themselves as a more exciting option of investing. Many gold companies have seen their share prices battered indiscriminately by the bear market and valuations are now looking extremely attractive. The attraction of investing in the producer rather than the stuff itself rests on one principle: operational gearing. This means that because producers costs are relatively static, any increase in the gold price can have a disproportionately large impact on gross margins."

Hey a good sign today.

What is mitzy?.

I'm back in gf..!

Oh right,good on you.

Sp for gold rising nicely.

Take a look at this web-site gf could gold hit $5000 ..?


http://goldismoney.info/forums/showthread.php?p=1462235

cheers mitzy.

I s Evil still short or is he long gold..cheers.

if you are not already in, i would be inclined to be a bit cautious and at the very least keep a weather eye open on the 25/50 dma



black = 200 dma
red = 50 dma
green = 25 dma

Mitzy hes still in at about 340p from memory.

Site is down so i cant confirm.

thanks gf.

Added more first thing.

gold sp looks like its on the rise again.

Fridays broker reco BUY....

Peter Hambro Mining PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
12-12-08 BUY 48.92 39.94 17.84 85.83 70.06 17.84

Added a few more POG.

Cheap at the price i reckon.

Interesting article on gold going forward...

http://www.kitco.com/ind/Laird/dec112008.html

gold $840 now and pog down on the day doesnt make sense.

It will tomorrow Mitzy imho.

Stick in there, Ive added a few today and dont forget the leap up came at the end of the trading session.


.http://www.marketwatch.com/news/story/gold-hits-two-month-high-dollar/story.aspx?guid=%7B82DCCD13%2DD033%2D4571%2D8B20%2D26AAC5E00424%7D&tool=1&dist=bigcharts&

Towards the close the spread widened to about 5% for no apparent reason.