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POG CHART. Gold looks like its on the Rise. (POG)     

goldfinger - 06 Aug 2004 16:15

Chart.aspx?Provider=EODIntra&Code=POG&SiChart.aspx?Provider=Intra&Code=POG&Size=http://www.kitco.com/charts/livegold.html

cheers GF.

gold.gif

chessplayer - 10 Mar 2009 07:24 - 661 of 2076

Another point worth note; the gold price has been on a steady uptrend since mid November and has kept above all the moving averages (50,100,and 200 day)

cynic - 10 Mar 2009 07:50 - 662 of 2076

CP .... can you put up a decent bullion chart covering say the last 6 months? .... digit's Kitco chart is not much help!

cynic - 10 Mar 2009 08:10 - 663 of 2076

GOLD CHART
Have just been looking at the weekly IG chart, which is unfortunately not copyable ..... this goes back to May 2006, and if their DMAs are to be trusted, gold has been on the rise since then, with a sharp "blip" between July and December 2008 ...... the 200 dma is bnot shown, but is assuredly below the 100, which in turn is below both 50 and 20 day ...... it follows that 20 dma at $867 should/may provide support if the upward trend (currently $912) is not renewed before then

chessplayer - 10 Mar 2009 08:20 - 664 of 2076

Cynic. I don't seem to be able to copy chart.
Check out Ino Foreign Exchane- Gold Spot should do the trick.

cynic - 10 Mar 2009 08:22 - 665 of 2076

IG is OK for me, but as you said, no decent copyable charts

HARRYCAT - 10 Mar 2009 08:26 - 666 of 2076

In the Traders room there is an 'Oil news flow' BB (Ticker OIL) with a 1 year Gold bullion chart from kitco. Maybe that is copyable? Or the source traceable.

HARRYCAT - 10 Mar 2009 14:35 - 667 of 2076

I am surprised that gold is now testing the $900 level again. I thought the consensus was that the upper level of $1000 was to be tested for a breakout above. Watching $867 with interest.

cynic - 10 Mar 2009 14:44 - 668 of 2076

consensus of whom?
i would not be at all surprised to see gold go above $1000 in due course, but i also warned that $1000 would present quite a hurdle

HARRYCAT - 10 Mar 2009 16:22 - 669 of 2076

Consensus of 'Experts, Analysts, Press, Brokers & BB posters'. Most seem to be of the opinion that gold will go over $1000/oz sometime soon (maybe the same people who predicted oil at $200 pb)!
Gold now $893, which could be a good opportunity to pick up stock in those companies which are highly geared to the gold price? (RRS etc)

goldfinger - 10 Mar 2009 16:34 - 670 of 2076

think Ill short POG tomorrow.

cynic - 10 Mar 2009 16:49 - 671 of 2076

digit .... as you may have noticed, POG sp and bullion price do not necessarily walk hand in hand - be careful

might make more sense to watch for further bullion weakness and BUY a position there

goldfinger - 10 Mar 2009 17:03 - 672 of 2076

Noticed they were 12% apart at the weekend with ORE wiith a lot of catching up to do.

Gold SP looks like it gone well through first level of support at 925 and taken 918 out. Think the MMs will move this one down tomorrow just to get it in line with ore again if that is the case as of now.

Will check.

goldfinger - 11 Mar 2009 08:32 - 673 of 2076

Shorts going nicely.

HARRYCAT - 11 Mar 2009 09:36 - 674 of 2076

Shares Mag (Dan Coatsworth) highlights the point that gold is traditionally cyclical & therefore, assuming this year is a repeat of last, gold will drop 10-15% between March & June. He concludes by recommending investors temporarily reduce their holdings in companies which are highly geared to the gold price (RRS in particular).
This view is supported by Arbuthnots who have reduced their rating from hold to reduce.

goldfinger - 11 Mar 2009 15:09 - 675 of 2076

NASTY..

Peter Hambro Mining returned to reduce from neutral by Arbuthnot with target price cut to 440p from 500p.

Front page news on here.

cynic - 11 Mar 2009 15:17 - 676 of 2076

saw that this morning .... reduce/sell calls always seem to have a disproportionate effect to the reverse

goldfinger - 11 Mar 2009 16:25 - 677 of 2076

Good piece from my old mucker Winnie....

Featured Stock: Gold
Tom Winnifrith writes: THe price has slipped. The price of everything has slipped. But the argument stays the same. Base rates across the globe will stay close to zero for another 18 months. So there is no yield advantage in holding cash rather than gold. And Governments across the globe will be keeping De La Rue in a roaring trade. More bank notes in circulation drives down their real value. God is not making any more gold. I expect $1200 during 2009 and much higher over the next three years.

steveo - 16 Mar 2009 20:51 - 678 of 2076

Cynic re charts other day, on IG if you go to settings you can put in a 200 dma, can play around with a shed load of other stuff, but i haven't the foggiest what half of it is.

chessplayer - 17 Mar 2009 13:13 - 679 of 2076

I was just having a look at the 10 year gold chart.
Much talk about the fall in gold prices over the first half of the year.
Although it has happened for the last 3 years,it is certainly not a gimmie,especially in this economic climate.

chessplayer - 18 Mar 2009 14:59 - 680 of 2076

Also,though the gold price is down by $100 . from its high,the uptrend in gold prices beginning about mid October 2008 at about $700. is still intact (only just mind you!)
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