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

cheers GF.

Hoping for a bit more myself. :-) I'm always overly optomistic.....but my target price is around 1600..... Might have to wait until results day though before reaching that level......if at all!

In my opinion. Do your own research......

Strawbs.

POG swings around so violently that you pays your money and takes your choice ..... fundamentally, i think its an ace company, for unless i am much mistaken, it is the lowest cost gold producer in the world ..... as a trading stock, that is not entirely relevant, so i shall pick my moment to get back in (and no doubt get it all wrong!)

If I had access to leverage or pots of cash I'd probably do the same......sadly I have to sit and wait....and hope....lots of hope.... :-)

Strawbs.

can you not run a CFD a/c?

Scares me too much..... Don't mind losing what I've got, but don't like the idea of losing what I haven't. If that makes sense....

you talked about leverage, but yes you are right .... CFDs can be a bit (dead!) scary; forgotten what spread bets are like but that might be worth looking at ..... ask IG ... can give you a contact if you need

No. It's OK. I looked into both of them. I even played on a few simulators. Made my mind up that it probably wasn't for me, especially after I lost about 4K of "pretend" money in one day. It could've been boredom at work, but alarming how quickly it disappears if you get the trades wrong. I suppose I wouldn't be as reckless with real money, but I figure best not take the chance. Buying shares and holding them isn't as profitable (because of the leverage), but at least I don't have to watch them all day, and as long as the trend line continues, I can normally leave with a profit.

Strawbs.

as you may have noticed, i generally can and do watch throughout the day, though it is certainly not my livelihood (would need to have rather more expertise!) ..... i also get some pretty good guidance from time to time from my pals at IG

I can only spend about 1 day in 5 watching the markets. I get the feeling trading is a full time job instead of a part time one. :-)

Strawbs.

my clients and work are nearly all IT and e-mail based, so easy (especially as i am a partner!)

Strawbs .... look at chart on post 31 ..... reckon you should think about taking profits at 13.00 where there looks a fair amount of resistance, or at least put nin a tight stop-loss

Maybe. I'm reading it as a breakout from a triangle formation (top 27/11 @ 1219, base 12/12 @ 823) giving around a 400 point move from the break point (25/1 @ 1051 ish). A move to around 1450 should be on the cards, at which point I'll consider selling depending on the current market conditions/prospects. If good I'll continue holding upto 1600. I'm expecting congestion around 1300, but since this moves in such large ranges I think I'd rather stay in than try timing a sell/buy. The stamp/commission on 2 trades would wipe out too much profit. I'm running a 10% trailing stop, which still gets me out with a profit, but needs a pretty big 120+ point swing to trigger.

Do your own research, in my opinion.....etc. etc.

Strawbs.

one advantage of CFDs is no stamp and very modest commissions

Yeah. I can see why that would make it a better trading tool. I'd probably drop out at 1300 on that basis too, but holding in shares doesn't really allow me that luxury. I'll just have a few weeks of wondering if my chart reading is correct or not. :-) I suppose having no leverage makes me more comfortable about taking a "wait and see" approach, rather than worrying about losing any big profits. Maybe that's why I didn't do very well on the spreadbet/cfd simulators. Reacting too quickly to the swings, rather than taking my usual "wait and see" approach.

Strawbs.

Has anyone worked out the impact of the rising Gold price on POG's profit potential?

Well my buy was based on technical analysis rather than doing the sums. However, the average price of gold between 06/07 was higher than between 05/06, and in the trading statement on the 22nd of last month, production was reported as 5% higher than last year. Don't know what the sums will look like, but it should mean results are better than last years. I'm hoping that'll push the price back towards last years highs. More tensions with Iran and a rising gold price won't hurt either.

All just in my opinion, do your own research etc.

Strawbs

charts on posts 31 and 35 are well worth a look .... not at all sure why sp is currently so weak, especially with gold price rising and singularly undemanding rsi .... so on reflection have decided to buy

and will buy some more this morning ..... read Telegraph Questor column this morning says it all ..... about as strong a buy endorsement as possible with 20.00 target set by Merrill

Lots of small parcel buying of POG today, probably due to a confidence boost by the Questor column in the Telegraoph -- nice to be able to access all this on line plus stacks of other information.

The story still looks good and the Merrill report placing a 20 price tag can do no harm. The geopolitical risk is still holding it back.

very good support shown on 25 dma from which sp has now bounced and just creeping through 50 dma .... however, for real progress, need to break 200 dma at about 1155 with some decent impetus