Anyone have any views on whether this share is going anywhere??

Looking cheap now... Buy at 149p.

When Greece goes down, gold will rise.

i don't think greece will be allowed to default as the reverberations will horrendous and seriously jeopardise the economic recovery already gently under way in the rest of the world ..... and even if gold does rise, that does not necessarily mean that the miners will rise in sympathy - would that life were that simple

re instated just the 50% long today.
could be wrong. as always please dyor.
regards
jkd

Paul Hill made a bold prediction in his Precision Guided Investments newsletter this week. He thinks Greece is going down.

Some time this year, after the markets close on a Friday night, therell be a conference call between all the 17 member states. The European Central Bank will announce that Greece has defaulted on its debts, and will refuse to lend it anymore funds. The ECB will then flood the whole financial system with liquidity in an effort to prevent contagion.

But the Greek government will be left staring into the abyss. The new drachma will go into freefall - immediately causing its own banks to collapse and plunge the country into depression.

The Prime Minister will be forced to introduce emergency controls over capital flows and currency conversion - locking down its domestic banks. Any foreign depositors caught in the crossfire will be toast. They'll see their savings frozen and then partially wiped out as the accounts are converted into drachma. A similar fate could befall those foreigners owning property, such as holiday homes.

● Thats a big call. But Paul makes a pretty convincing case. Greece has too much debt to have a hope of paying it back. So its going to default somehow. But Pauls view is that, for all the warnings, banks in the eurozone are big enough to take the pain if Greece defaults.

The real problem, he reckons, is moral hazard. If Greece was allowed to walk away from its debts and remain in the euro, this would open the floodgates for other countries to follow suit. So to avoid similar action by other stragglers, Greece will have to be made an example of.

The quid pro quo for membership in the single currency is that each sovereign has to stand by their own banks' obligations and pay their dues in full. The system can't work any other way. Hence I suspect this whole official spiel about no restructuring until mid-2013 is one giant bluff. In reality patience is wearing thin. The ECB, whatever the party-line, is about to strike. I believe it has sufficient fire-power to kick Greece out of the euro anytime. Its an interesting possibility. And its a story that well be keeping a very close eye on.

I like the look of the Highland Gold mining chart. Just gone long. Trades on a P/E of just 6.4 and a forward P/E of 7 to 2012.

Highland Gold Mining Ltd

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Numis Securities Ltd
13-04-11 BUY 123.52 28.16 8.61 112.83 26.01 7.99

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 123.52 28.16 8.61 112.83 26.01 7.99
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 26.27 6.56 2.42 -14.33 -3.34 -0.67


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 21.49% 90.95% -7.64%
DPS % % -7.14%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 69.52m 132.01m 121.93m
EBIT 69.52m 121.74m 110.06m
Dividend Yield % 4.73% 4.39%
Dividend Cover x 3.27x 3.25x
PER 12.34x 6.46x 7.00x
PEG 0.57f 0.07f -0.92f
Net Asset Value PS 101.97p p p

From Investors Inteligence.....

UK Chart of the Day: 13 July 2011

Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.

The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.

Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.

190sh and 200sh resistance levels do not concern me.
i am more interested to see that having closed at circa 189sh level today if it can maintain a weekly close above 185sh and hold on to it both this and next week.
fortunately my stops are much lower.
please all dyor and good luck.
regards
jkd

It's a good share but it's time to take profit at 188p.

180p now... still a sell to take profit.

Ridiculous to short this with the way gold is rising.....

rf
to sell to take profit is not the same as to sell to short.
regards
jkd

Yes, jkd....of course...it's just that hlyeo98 does a lot of shorting...(I'm going long on the stock)....

i'ld rather be in POG - or CEY as perhaps a comparable quality of stock to HGM

Yes, I agree that CEY is a better one, cynic.

not when your stuck in at 169p since Dec. lol

Worth a punt Long (SB) 178.9 Tgt 200.0 Stop 165.0. Trading statement 11/08, Interims 20/09.

I think that HGM will break into new highs......can't see them slipping back as long as gold holds up...CEY might just hover around that 140p for some time as elections are in 2 months....anyway....as they are very good gold producers....all worth being in at the moment....POG, perhaps has the most upside....(bet I get it wrong again)....