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

cheers GF.

Lovely start for POG.

+1.62p at 495 mid??????
don't spend the profit all at once!

Bullish TA comment from Pro TA Tipster Zak Mir just out.

Zak Mir

Reged: 28/06/07
Posts: 624
Re: Peter Hambro Mining - POG.L
#439023 - 06/02/09 08:08 AM Edit Reply Quote



Chart wise a retest of the February intraday high so far at 612p is possible while the November support line at 450p holds.

With the way that the world economy is falling apart,the surprise to me is that the price of gold is not already much higher than its current level.

Yep but you have to remember CP that physical buying of gold especially in India during the wedding season as been a bit dissapointing this year.

Having said that the Big boys like MLynch and others see gold going on for $1000 and $1500

Loads err money, well in the near future.

tis but a speck of my profits today.

sticking with it as I see them recovering in a big way.

I put a load in the mlynch Black Rock gold fund some 18 months back,and is still about 25% off its high. They had fallen by some 60%. Of course , they only invest in the gold companies.

To be frank CP I wish they would hit 450p and then the game really is on. We can get on with it.

All this fannying around today as been pointless.

At the back of everybodys minds when they saw that discount placing they were first thinking ohh I wonder if they will be marked down to that level.

Its more or less happened so lets go forward from here.

ORE is still the cheap way in ..... do the calc!

cynic yes this is an interesting situation obviously if the POG sp falls the less number of shares have to be issued to ORE shareholders as it appears to be an agreed deal. Probably expect POG shares to fall and "miraculously" recover after the deal is completed, not very helpful to CFD holders.

is what you say true?
surely the deal is just all shares at 16:1, so the underlying price of POG is not strictly relevant

cynic sorry what we meant is as the POG sp declines so the value of the offer decreases and as you mentioned ealier CFD holders of ORE will lose out as they cannot receive POG shares.

suspect you are wrong, but shall check .... certainly we were paid out with IEC

cynic this is an all share deal not cash. To cheer you up Zak Mir sees a retracement by POG to 612p, if you believe in chartists!

Bought in today @ 465 - has to be a good deal in the longer term...
Shame i didn't have the courage of my convictions - i actually had my finger on the trigger to buy at 180p a couple of months ago, but didn't and told myself off about trying to catch a falling knife!!!

BT, hope it goes well for you.

Halifax, yep your right. Cyners have you cocked up here?.

That would be out of character for you but I agree with Halifax and you say more or less you have been under pressure re., ckn thread.

Hope you are Ok mate.

i don't think so ..... IG checking for me .... at worst, i still have modest profit to bank

cheers mate.

Please let us know.

of course

Ta.

Much appreciated.

Hoping you have had a good rest over the weekend.

Cheers GF.