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

cheers GF.

Lady in red comes to mind.......

Gold is "out" for now, as money goes out of gold and back into stocks.

Certainly one would suggest for year end from now gold is down and oil should be up.

Is this the "bull run" as if it is gold should continue downwards.

i agree that gold and oil should move in opposite directions, but we all know that that is not necessarily the case ...... and of course POG sp does not necessarily react in the same way as bullion - i.e. it is bought/sold in its own rights.

nevertheless, i fully concur that crude is much more likely to motor ahead during 2009 than bullion

If we didn't have a capitalist set-up you wouldn't be able to buy & sell shares so if you're so against the system why are you in the markets?!

marx predicted collapse of banks etc in 1800s with greed of capitalism........communist society dont believe in banking, globalisation etc and so they wouldnt have suffered like the west........also society there has little in way of vandalism or violence under communist set-up and their football teams, athletes were better as people were made to excel at what they do in life. all these countries now have become very poor at all these things since capitalism was set-up.......and when you visit these countries like russia, you know more or less you will meet a russian unlike most western countries which is full of dis-trust etc between eac other.

You idiot, communist athletes were pumped full of drugs to ensure they excelled.

now let's have a round of applause for the gulags, the mass deportations and mass executions ...... but of course russia is no longer a communist regime in any sense of the word ..... but how about a paeon of praise for that fine example of a true marxist state as exemplified by north korea

The Communist regime in Russia killed more of its own people than the Nazis did. It was the biggest mass murderer the world has ever seen. No vandalism? - you, your wife and all of your children were deported or shot for such activities. Distrust? - Do you know how many people died because others reported them as not fully following the communist doctrine?

I could go on but what's the point - If you believe in a regime because it produces good gymnasts by taking them away from their families, depriving them of a childhood and pumping them full of drugs, there's no hope.

This is all fascinating, and to my surprise a spelling mistake from cynic, paean, I think. Can we get back to shares now please, I assume this is a capitalist request.

Yes .Is capitalist request No!!
And my Russian is even worse Yes.

Slightly off topic but the last King of Scotland is a great film and really gets into the head of a mad mass-murdering dictator, Mr. Amin

Yes Idi Amin would have been a great scottish king perhaps much better than macbeth, pity he died scotland deserved him!

I wonder which tartans he would have wiped out to satisfy his paranoia

haha, britain whether its england or scotland aint english or scottish.....i can testify to this and laugh at way uk is now. i know a lot of scotland is made up of stupid english people......mind you they do tha in wales too. wonder where welsh or scottish go to.........anyway, poles, asians, africans, middle east all make up uk now whether scotland or england.

and who rules all the people up north halifax? who would want to in your little depressed houses. halifax, lol, you lost your building society thanks to corrupt james crosby and andy hornby

oh dear, oh dear, oh dear .... marni getting personally abusive yet again ..... pathetic!

lelael - thank you; you are absolutely right; i was confusing my praise with my greek verse metering

Talking of banana republics and dictators mention of above in here
http://www.marketwatch.com/news/story/even-jack-bauer-couldnt-stop/story.aspx?guid=%7BBE0D1772%2DA628%2D454D%2D80BF%2DC4484CEBA7DF%7D&dist=TNMostRead

Gone back into the market long for a position in Hambro.

Price of gold is moving up nicely and there are ? marks about the results of bank stress tests coming up I think tomorrow.

Could be a good hedge against any nasties.

A lot of City backing for this stock, from Digital Look...

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 2
Sell 2
Strong Sell 0

Total 10

Sound solid report from Hambro...

RNS Number : 8234R
Peter Hambro Mining PLC
07 May 2009









07 May 2009




Production Report for Q1 2009 and Interim Management Statement







Peter Hambro Mining plc ('PHM' or the 'Company') today issues its interim management statement for the period from 1 January 2009 to date, in accordance with the UK Listing Authority's Disclosure and Transparency Rules.

Gold Production Report for Q1 2009




Gold Produced ('000 oz)
Q1 2009
Q1 2008
Q1 2009 vs. Q1 2008

Pokrovskiy deposit
40.8
46.3
(12%)

Pioneer deposit*
66.6
16.2
311%

Total**
107.4
62.5
72%


* In Q1 2008 all of the gold produced from Pioneer was processed through the Pokrovskiy mill. In Q1 2009 only 10,800oz of the gold produced from Pioneer was processed through the Pokrovskiy mill. Pioneer gold processed at Pokrovskiy is included in the Pioneer deposit figures.

**Total attributable gold production, in the above tables and elsewhere in this document, is comprised of 100% of production from the Company's subsidiaries. PHM's direct and indirect interest in Pokrovskiy Rudnik, and any interest held by Pokrovskiy Rudnik, is 98.61%.







Highlights




Production

First quarter attributable gold production was 107,400 oz, an increase of 72% on the first quarter of 2008 principally due to the effective operations of the Pioneer processing facilities. Pioneer's Stage 1 process facility worked at full capacity. The Group's expected total attributable gold production for 2009 remains between 460,000 oz and 510,000 oz;

As highlighted in the Company's previous statements, production from the Pokrovskiy mine is expected to decline in 2009 to a total of c.177,000 oz. Q1 production fell by 12% relative to the first quarter of 2008 to 40,800 oz;

Equipment installation for the Pioneer plant's second line is ongoing with commissioning expected in July and thereafter ramping up to its full capacity by September;

Preparation for commissioning of seasonal production in June from the Company's alluvial operations and joint ventures is on schedule;

Operating costs in the first quarter benefited from rouble devaluation against the US$.




Gold Price and Sales

The average realised gold price for the first quarter of 2009 was US$910/oz (Q1 2008 - US$909/oz);

The amount of gold sold in the first quarter of 2009 reached 99,053 oz, up 95% on the first quarter of 2008's sales of 50,723 oz.

Project update

Further exploration works in the first quarter of 2009 at Pioneer have yielded very promising results, establishing continuation of the eastern enriched area at Andreevskaya zone to a depth of 120m, hitting some occurrences of very high grades of up to 600g/t. To the west of Yuznaya zone, a new ore zone, Vostochnaya, was discovered and trench samples established gold mineralisation with grades of 20 - 30 g/t, similar to the Andreevskaya zone. Enriched mineralisation was also encountered at the eastern part of the Bakhmut area yielding average grades of 10g/t for 5m thickness;

At Malomir, infrastructure construction is continuing with the road to the mine completed and the power line on track to be completed in the near future. The delivery of mining equipment is on schedule;

At Kuranakh, work is continuing on the Olekma beneficiation plant with the project on track to be completed towards the end of the year;

Work is continuing on the completion of the design and feasibility study options for the K&S and Garinskoye projects. The Board is considering the development options available for both deposits in the light of current iron ore and project finance markets. Positive momentum continues at a project level and discussions regarding financing for the projects are ongoing.




Corporate update

In February the Company raised c.US$105 million gross through issuing 16m shares at 4.50, and purchased a total of US$87 million nominal of its 7% US$180 million Gold Exchangeable Bonds due 2012 at an average price of US$95 plus accrued interest from a number of investors. In addition, the Company purchased a further US$40 million nominal amount at an average price of US$95 plus accrued interest from a number of investors in May, leaving US$53 million nominal Gold Exchangeable Bonds outstanding.

In March PHM subscribed c.CAD 3.7 million for 6,166,666 new shares in Rusoro Mining Limited ('Rusoro') as part of an equity placing by Rusoro. As a result, the Company now has a c.1.1% stake in the enlarged share capital of Rusoro;

On 22 April 2009, the Company announced the completion of the merger with Aricom plc and its move from AIM to the London Stock Exchange plc's Main Market;

Save for the effects of the above transactions, the financial position of the Company at the end of April was not materially changed from that reported at 31 December 2008.




There will be a conference call to discuss the announcement on 07 May 2009 at 14:00 (BST).







Details to access the conference call are as follows:




UK Free Call: 08006940257

UK Standard International: +44 (0) 1452555566

USA Free Call: 18669669439

Russia Free Call: 81080020972044




Conference ID: 98212734










Enquiries: