Hope this helps board members out. Come on $400.



cheers GF.

nb, updated 2.30am wed.

Could just be that nitefly.

cheers gf.

I think we are all right about gold having a great future.
However,I think that might be a problem i.e.dealers have anticipated this and
have - more or less-mainly priced in e.g.the present/future terrorism treats
and probable destabilisation - my opinion - of currencies throughout the
Western world.ajren

A bit of softness in the market.

gf.

GF,

"softness", that looks like the understatement of the century at the moment!!!

$384 currently, and still falling!

Guess our mining stocks are in for a rough day tomorrow!

I think most of the problems have been priced in.
However,if there are huge problems like the 9/11 plane crashes or big problems
in U.K.then there will be a swing for it again --- just an opinion .ajren

GOOD NEWS - I think.

A U.S.A. site I get has a metals report today ----numerous paragraphs.
MY summary .Asset managers to jump in below 390 and generally their opinion is
very Positive.

Also,I suggest you keep a note of another site i.e.www.goldmoney.com

Cheers Ajren I have added that site to my favourites. Blimey you dont half put some hours and hard work in here on this site. Many thanks.

cheers GF.

Thanks goldfinger.I like the site and am getting great info from everyone here.I
can get my info quickly and often at the same time as getting other shares
so not as difficult as it appears-I have built up a long list of wwws and many
of them e.mail me info - they will e.mail anyone.Cheers ajren

Heres an interesting article on the state of play.

SAN FRANCISCO (AFX) - Gold futures tumbled as much as 12 usd an ounce
Monday, closing at their lowest level in nearly a week following a run that
brought the metal just shy of the key 400 usd barrier, dealers said.
December gold closed at 391.50 usd an ounce, down 6.50 usd on the New York
Mercantile Exchange. At its lowest point, prices fell 12 usd to touch 386 usd --
the biggest intraday decline since early October.
The contract rose to a high of 399.40 usd an ounce Friday, and gained nearly
15 usd for all of last week, but it hasn't been able to breach 400 usd -- a
level it has not seen since March 1996.
"Dealers are nervous buying in front of this milestone 400 dollar level,"
said John Person, head financial analyst at Infinity Brokerage Services.
"Short-term investors who believe they can get back on board the gold ride are
exiting after the market was incapable of trading above 400 dollars in overseas
markets," he said.
Still, there's a "good chance" gold may hit 400 usd this week, with the US
dollar trading "poorly in periods bereft of important economic data," John
Reade, an analyst at UBS Investment Bank, wrote in a report to clients.
On Monday, the dollar gained ground against the yen and euro, and major
stock indexes fell -- a backdrop that would usually be bullish for gold, if not
for its recent climb to seven-year highs.
All in all, gold investors' commitment to the gold market "stems from both
superb and compelling rationale," said Leonard Kaplan, president of Prospector
Asset Management in a note to clients.
Since the beginning of 2002, the dollar has fallen some 23 pct, "and is
almost universally though to be going lower longer term, he said. At the same
time, gold has climbed 36 pct.
General weakness in the equity markets, growing concerns over inflation, and
the "frightening geopolitical condition" related to recent terrorist activity,
are all reasons that the "gold market will continue its march to higher prices,"
he said.
Among the events this week likely to have the biggest impact on the trading
of gold, more economic data is due from the US, with much of it likely positive,
said James Moore, an analyst at TheBullionDesk.com in London.
Business conditions at manufacturers in the New York region improved
substantially for the second straight month in November, the Federal Reserve
Bank of New York said Monday.
US businesses also increased their inventories of unsold goods by 0.3 pct in
September, the first increase since March, the Commerce Department reported.
In addition to the week's data, "the continuing rise in terrorist activities
will also have an effect on the market, increasing the safe-haven premium,
particularly following the Bombing of Jewish Synagogues in Istanbul over the
weekend," Moore said.
But with the yellow metal "now challenging the psychologically significant
400 dollar level, expect more coverage and investor interest going forward,"
said Grady Garrett, chief trading strategist at EnergyTrendAlert.com, a
commodity information provider.
"The economic strength ... is setting the stage for a positive setup for
gold," he said.
"The reality of a sustainable recovery is going to mean a burst of inflation
should eventually occur," he explained -- an environment that is usually
positive for gold prices.
In other Nymex trading, silver futures dropped back along with gold, after
closing Friday at their highest level in three years.
December silver fell by 18.8 cents to close at 5.227 usd an ounce.
Last week, the silver market staged a "massive rally," to gain some 35 cents
an ounce. "The silver market is much thinner than gold, ... and just a bit of
speculative fervor was enough to catapult prices higher," Prospector's Kaplan
said.
"Silver prices have followed gold, almost slavishly, and this much be
considered a major benefit to silver bulls," he said, adding that he expects
this trend to continue -- "look for this correlation to strengthen as time
passes," he said.

cheers gf.

Is it getting ready to burst up?

GF.

Great news in my Opinion :-

Paragraphs :- 5,6,7 - especially good,10 and 13...ajren

ajren, which ones are you backing, I have Bema, Thistle (where I have taken some profits)and have been looking at others one being Tiger Resources TIR, well worth checking out, a bit similar to Golden Prospect. Only thing that puts me off is its penny price.

Would be interesting to hear your view and others on which they feel are the gold companys to invest in.

cheers GF.

Also,ref Treads Caledon resources and GOLD

Golden prospect is all you need! Its holdings -ie Centamin, are all good companies which IMO wont collapse if metals should plunge. I keep thinking i should get into individual companies......but then bottle it and top up in Golden Prospect. Anybody think its a good plan? or am i asking for trouble? cheers

Hi gf.I do not trade mining shares.Just happened to come across info whilst
looking at terrorist info.cheers.

GF,

I looked at AR. the other day, prospects look great, however, there are 3 things that stopped me investing:

a) Political difficulties i the Indonesian region

b) 40% of the company held by OCE who have performed very badly since floatation

c) I can never spell their name - Archipelago(?) Resources

Have a quick butchers mate, but personally I think it needs more time before investing!

If you think it's worth taking a closer look, I'll email my notes to you!

SB

Thanks gf as great as I like to get ANY info on ANY share

Re mining shares :-
IF I traded I would get in and take profits immediately.--just an Opinion.
What is your view ?

Price taking off again -- $395.50 now.

Ref my post of Nov 17/19.15/9 of 21

i.e.Info gave me Asset Managers to jump in below 390

Ajren, spot on, you dont mess about in this business if you are a short term investor.

If i go for a stock I will say long or medium as per usual or I will say its a gamble as per the Thistltle Mining Stock on Friday.

I tipped this at about 15.8p on another site early Friday, 2 to 3 hours later it was up 42.4% and i took profits. I still hold a lot of shares.

The big thing here is that investors should take profits , lets face it its your wage for the week and lets not forget staying in too long can lead to bad feelings. If you see a big return, cash in and take it, just forget about it, and move onto the next one. Never ever look back , its like life.

cheers gf.