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

cheers GF.

Come on porky.....we still make a heck of a lot of things.....mainly armaments it seems, also drugs, chemicals, and a few cars, all this will be a lot cheaper for export now !.

And confectionery aswell who can beat cadburys and mars?.

Hambro looking set for a second wind.

British Justice best in the world ..!

RNS out.

The inclusion in the gold mine index has supported the price this week.

so will it fall away next week?

yeas I'm sure it will(I hate xmas).

that's a shame .... we all have a blast and always look forward to it

Ref. post 420 ; at getting it wrong !, quite a few examples around at the moment !.

In a fw years time they will say we have won the war against terrorism that is the time to be worried.

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=461370

MIDAS SHARE TIPS

Midas share tips: Peter Hambro Mining

21 December 2008

Financial Mail's Midas' latest share tips look at Peter Hambro Mining, and Randgold Resources...


When economic conditions are dire and financial markets are in turmoil, investors tend to look for assets that offer some sort of refuge. So what better place to look than the gold market?

Gold has been viewed as a safe haven for centuries. Its price has been hovering just under $900 for several months and its outlook seems brighter than for almost any other asset.

Investors can buy gold outright - and anecdotal evidence suggests that demand is stronger than it has been for years. Alternatively, there are a number of gold mining companies on the stock market whose shares could prove attractive.

Peter Hambro Mining is one such business. The company owns licences for 30 gold mines in Russia, offering access to some of the most exciting development projects in the world. The company is not just an explorer, however. This year it is expected to produce about 375,000 ounces of gold, rising to 500,000 in 2009 and 850,000 the following year.

Peter Hambro, who co-founded the business in 1994, is a veteran of the gold market. Originally a director of Hambros, his family's bank, he spent several years at the world's largest bullion trader, Mocatta Group. His co-founder is a Russian professor, Pavel Maslovskiy, and the two are extremely well connected in Russia.

PHM joined the Alternative Investment Market in 2002 and has taken a cautious approach to exploration and development, being careful with its money so that it does not run out of cash before the mines deliver.

To that end, PHM is focusing on three of its most substantial mines and is keeping the other 27 ticking over until economic conditions are better and access to bank finance becomes cheaper and easier.

PHM has several advantages over other gold stocks. First, it is already in production and delivering profits. Like all gold companies, PHM reports in dollars and last year it made $39m. The group delivered its first ever dividend, of 7.5p, and most analysts expect profits and dividends to improve substantially as production increases.

The company also has one of the lowest cost bases in the industry. Unlike many of its peers, PHM's gold is at or near the surface, so the company does not have to spend a fortune digging deep into the ground. Labour costs are low in Russia too and energy prices are among the cheapest in the world.

PHM was going to transfer to a full listing early next year, but the company has sensibly postponed the move until stock market conditions improve.

The share price suffered badly last month when concerns were raised by one City analyst about how much gold PHM could produce. This confusion has since been cleared up and most gold watchers believe the

business has significant potential.

Midas verdict: PHM shares have had a rollercoaster year, hitting 1500p in January and plunging to 160p in November. The price has now rallied to 342p, but there is still plenty of upside. Gold is increasingly in demand, PHM is producing growing quantities of it and the management seems focused and in control. Buy.

Midas mentions Randgold Resources,but makes no comment, above.However,their chart shows a rise of about 90% in the past 2 months.

Well hambros blue, so it cant be all that bad............can it?.

reckon share could go 390p.

reckon share could go 390p.

Price of gold going up in NY tonite.

Price of gold could hit $3000 by July .

Blimey, you can say that again.........

http://www.kitco.com/images/live/gold.gif

If it can reach 390p the next stop is 420p.

shall i put a hex on this and buy some?