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

cheers GF.

Dollar Rises, Gold Stays Up

by: Duru February 13, 2009 | about stocks: CLF / FCX / GLD / NUE / SLV / X

http://seekingalpha.com/article/120431-dollar-rises-gold-stays-up

Pro TAer Zak Mirs latest comment...

Zak Mir



Reged: 28/06/07
Posts: 640
Re: Peter Hambro Mining - POG.L
#439584 - 13/02/09 08:54 AM Edit Reply Quote



The 200 day moving average at 525p should be a good support level for an October resistance line target as high as 630p initially.

Decided to take my profit on Friday. They don't come along very often these days and I'd let slip a couple of others.

Seems like I made the right decision (for once!)

never wrong .... but still keep an eye on ORE for oft repeated reasons

cheers my dears

dd
well done, perhaps you should try it more often? dont know if this helps but im finding taking profit on just 50% and holding the balance with stop loss at cost, just in case etc. seems to work quite well for me. anyway what do you mean, dont come along very often? im sure they do, its just that we have trouble banking em, at least i used to, not any more.
all my unbanked paper profits far outweigh my banked losses. lol
could be wrong on this, i often am.
weve had jatropha mania, oil mania and gold to follow? heard it all before? patience is required now, and caution. it will happen. still, theres no harm in joining in as long as we are not blinkered or stubborn about it. good luck.
regards
jkd

Thanks.

Problem is I've no idea where this is going now.

It could rise from here, drop down to 500p again or, if we have another massive downturn, irrespective of the placing it could retest the lows of a couple of mnths ago.

dd
i agree with you, thats why i only close 50% of my original position. no one knows whats going to happen next. nice to be right and take a profit and then be unsure what happens next knowing that stop loss on remaining 50% is no loss. how would you feel now had you just sold 50% of your original holding now sitting with a stop loss at original cost?
would you feel comfortable? knowing that if it continues to go up you are still in(ok only at half original investment) or if it fails you can relax and know your stop loss is at cost? having already banked a profit on the first 50%?
regards
jkd

who said this?
look after the pennies and the pounds will look after themselves?
seems to me look after the losses(small) and the profits (run) will look after themselves. be defensive. worry about and look after the losses not the profits.the profits will look after themselves. how much can i lose? it dont matter how much i can profit. when those signs start revolving in our eyes beware. buy gold. beware.
all just my opinion
regards
jkd

PRECIOUS-Gold strikes 7-mth high as funds buy, ETF at record
Tue Feb 17, 2009 2:13am EST

http://www.reuters.com/article/goldMktRpt/idUST34487720090217

http://seekingalpha.com/article/120862-don-t-kick-yourself-later-for-not-buying-gold-and-silver-now?source=article_lb_articles

Don't Kick Yourself Later for Not Buying Gold and Silver Now 2
by: Peter Cooper February 17, 2009

Gold is powering up towards $1,000 an ounce, and while the odd hesitation along the way is possible it will shortly cross this boundary, hit a new all-time high and then head upwards again.

A trend is your friend, especially if you take advantage of it. For gold the question is how best to leverage the up trend.

Gold and silver stocks are the answer. Conveniently precious metal stocks got really thrashed last autumn - along with gold and silver and every other asset class except bonds. So they are dirt cheap.

Rising prices

But will gold and silver equities not fall again if global stock markets tank, as they surely must with profit forecasts for the non-financials still ludicrously optimistic (face facts, for many major companies there will be losses and not profits in 2009)?

No they will not if precious metal prices are rising - and not falling as they did last autumn. And why will gold and silver prices keep on rising this time?

Well, investors are now very worried about bonds and currency rates, and that leaves gold and silver as the last safe haven in the investment universe. If there is only one investment class left to buy that ought to simplify things for investors.

Rising profits

Gold and silver producers are also big beneficiaries of falling energy prices this year, as up to a quarter of production costs go on energy. In addition, most mines are in non-dollar economies, so manufacturers have costs in depreciated currencies and income in the strong dollar.

That means that even if precious metal prices stagnate - and that looks highly unlikely - gold and silver producers are among the only commodity producers that will see profits jump in 2009.

My blog contains many articles on gold and silver which can point you towards some of the better, and riskier equity investments in this sector, and taking a risk in a rising market usually pays off handsomely.

The people who will be kicking themselves later in the year will be those who do not buy gold and silver stocks now.

This reminds me of my warning to those who did not buy Dubai property when they first had the chance, and even after a 50 per cent fall in house prices they are still 300 per cent up on their original investment!

http://seekingalpha.com/article/120862-don-t-kick-yourself-later-for-not-buying-gold-and-silver-now?source=article_lb_articles

Don't Kick Yourself Later for Not Buying Gold and Silver Now 2
by: Peter Cooper February 17, 2009

Gold is powering up towards $1,000 an ounce, and while the odd hesitation along the way is possible it will shortly cross this boundary, hit a new all-time high and then head upwards again.

A trend is your friend, especially if you take advantage of it. For gold the question is how best to leverage the up trend.

Gold and silver stocks are the answer. Conveniently precious metal stocks got really thrashed last autumn - along with gold and silver and every other asset class except bonds. So they are dirt cheap.

Rising prices

But will gold and silver equities not fall again if global stock markets tank, as they surely must with profit forecasts for the non-financials still ludicrously optimistic (face facts, for many major companies there will be losses and not profits in 2009)?

No they will not if precious metal prices are rising - and not falling as they did last autumn. And why will gold and silver prices keep on rising this time?

Well, investors are now very worried about bonds and currency rates, and that leaves gold and silver as the last safe haven in the investment universe. If there is only one investment class left to buy that ought to simplify things for investors.

Rising profits

Gold and silver producers are also big beneficiaries of falling energy prices this year, as up to a quarter of production costs go on energy. In addition, most mines are in non-dollar economies, so manufacturers have costs in depreciated currencies and income in the strong dollar.

That means that even if precious metal prices stagnate - and that looks highly unlikely - gold and silver producers are among the only commodity producers that will see profits jump in 2009.

My blog contains many articles on gold and silver which can point you towards some of the better, and riskier equity investments in this sector, and taking a risk in a rising market usually pays off handsomely.

The people who will be kicking themselves later in the year will be those who do not buy gold and silver stocks now.

This reminds me of my warning to those who did not buy Dubai property when they first had the chance, and even after a 50 per cent fall in house prices they are still 300 per cent up on their original investment!

This reminds me of my warning to those who did not buy Dubai property when they first had the chance, and even after a 50 per cent fall in house prices they are still 300 per cent up on their original investment! .... and on the basis of that, avoid this guys recommendations! ...... Dubai is a mug's paradise where properties are like pass the parcel ..... there is no second-hand market and furthermore, when one development is finished, the guys over there just start another .... thus unless you have already managed to "pass your parcel" you profit is very likely to prove illusory

Plenty of profit already made in POG.

Still more to come I reckon.

Very interesting comments above re gold and silver prices.
Re silver,I have been checking out the ratio to gold prices in recent years. It has been as high as 89,but the average looks to be about 55 over the past few years.
Silver prices have risen from about $10. in November to $14 at present. The ratio of 55 ,would imply a price of $18.
And of course if gold rises there is little reason to doubt that so too will silver.

Bullish Long Term Outlook for Gold
by: Peter Degraaf February 17, 2009 |

http://seekingalpha.com/article/120907-bullish-long-term-outlook-for-gold

What Gold Price Is Telling Us About World Markets
by: Investment Capitalist February 18, 2009 |

http://seekingalpha.com/article/121110-what-gold-price-is-telling-us-about-world-markets

Gold and Silver Leap Amid Fears of Inflation
by: Peter Cooper February 18, 2009

http://seekingalpha.com/article/121153-gold-and-silver-leap-amid-fears-of-inflation

Strange how gold keeps rising yet POG is as good as stationary.

Rather reflects the dreadful market conditions at the moment

these things never move exactly hand in hand ..... as someone posted earlier, it would be good to know a timetable for this offer for ORE