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

cheers GF.

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

not too pleased to see sp just bobbing about rather aimlessly especially with gold so strong ...... however, if 200 dma properly breached (currently about 1155) which is really not far way, then there is a good chance that sp will zip on upwards.

I'd expect a rise maybe next week in the run-up to results.....assuming the wider market doesn't take a dive of course.

In my opinion. I don't hold.

Strawbs.

out of pure curiosity and nosiness, will u divulge what you do hold or are you still 100% cash?

That's OK. 100% cash. Mostly in accounts outside of my dealing one, which stops any temptation :-). I could probably buy a few bits with the money I've got available for investing, but the market seems to be ignoring all the clouds on the horizon, and to me that's the top of the bull market. I'm not expecting to invest seriously again now for 18 months to 2 years, but I will "trade" the odd share if the risks are low enough. SCHE I think is one of yours, which I did considered holding on to (no matter the market, we're all getting older) but in the end I decided to play it safe and take the money. Not big profits, but profits anyway. I'll see how POG shapes up over the next few days and might consider taking a position if the risk/reward is justified. I don't really have anything else on the radar at the moment though.


Strawbs.

i keep telling you all, but i think few listen being generlally hypnotised by the promised but very rarely achieved Eldorado of spivvy stocks .... so be it!

Sunday Times Biz has full page interview with Peter Hambro, which is worth redaing in its entirety ..... for those too idle, one little extarct will suffice for here ..... POG "is expected to report impressive results this week."

If you scroll back, you will find the charts, and current 1100 level offers pretty solid support ..... I already hold my usual quota but shall go o'weight tomorrow

Article as mentioned above
Januarys Trading Statement

Results I believe are due to be announced a week on Monday (24th according to the company website).

Strawbs

l like POG myself . i believe gold will hit $1,000 pto by 2008 or sooner as key economic indicators and stats on market conditions from USA look dire by anyones standards ,lt was only a month ago when we had a little taste of USA fretting and billions were wiped off the table ...and yet even more billions have been repoured back into the market since then ,,,,,Methinks the next correction will be the real one ......equities will be sold and gold will be one its chief benafacteurs....BUT NEVER forget OIL !!!

nothing specific seems to have influenced today's surge other than perhaps the realisation that this is a first class and cheap gold producer, is expected to unveil terrific figures next week and sp has been generally left behind (stagnated) despite the significant rise in bullion.

Anyway, assuming the break above 1150 (200 dma) is maintained, then 1200 or even 1300 (next apparent resistances) could be seen very quickly, especially if there is momentum.

Gave plenty of warning that this share was going to gallop and the logic for it, so if you did not heed .......

an interesting small extract from the January trading statement ......

"The Group's average realised gold price at Pokrovskiy for 2006 was US$586/oz, up
33% against that achieved in 2005. The Rouble strengthened against the Dollar
by c.9% during the period and was RUR26.33/US$ at 31 December 2006 (RUR28.78/US$ - 31/12/05). The Group has a policy of no long term gold forward sales or hedging."

1) Gold is now $680+
2) Rouble is now 25.75:$
3) As no long term gold forward sales or hedging, POG will assuredly have benefitted handsomely
4) SP has managed to stay fairly comfortably above 200 dma
5) 25/50/200 dma all converging and should join/cross within the next week or so at about 1140, thus giving goos underpinning.

All good stuff i reckon, even if, because i disgaree with them, some reckon i talk rubbish all the time!

Closed at 1162 today. Am thinking of putting my wedge on this one tomorrow.

FWIW The FT mentioned the stock today and said that Cazenove was talking up the company's prospects.

20 March 2007
PETER HAMBRO MINING PLC

Holdings in Company

Peter Hambro Mining Plc (the 'Company') has received notification by Eastbourne
Capital Management, L.L.C. (44% of which is owned by Richard Barry) that its
holdings in the Company have increased to 8,893,843 Ordinary shares of #0.01
each, representing 10.96% of the total issued share capital of the Company. Of
this holding, 5,894,786 Ordinary shares of #0.01 each are held by Black Bear
Offshore Master Fund L.P., representing 7.26% of the total issued share capital
of the Company and 2,673,200 Ordinary shares of #0.01 each are held by Black
Bear Fund I L.L.C., representing 3.29% of the total issued share capital of the
Company.

Enquiries:

Alya Samokhvalova Director of External Communications +44 (0) 20 7201 8900
Marianna Adams Investor Relations +44 (0) 20 7201 8900

Tom Randell Merlin +44 (0) 20 7653 6620
Patrick Magee JPMorgan Cazenove +44 (0) 20 7155 4525