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

goldfinger - 06 Aug 2004 16:15


cheers GF.


cynic - 12 Dec 2006 15:45 - 26 of 2075

didn't have the balls to short, but never mind ..... did not even have "known reason" when i cut

archiveman - 13 Dec 2006 10:25 - 27 of 2075

RTRS just out - they're going to do a Shell/Sakhalin job on POG - meeting today to "define options for possible cooperation btween Rosprirodnadzor and Peter Hambro Mining".

cynic - 13 Dec 2006 10:53 - 28 of 2075

no surprise there, though i guess that explains the partial recovery in POG ..... however, all POG's assets are in Russia and any deal (odds on there being one) cannot be exactly advantageous to POG - i.e. i personally see no reason why recovery should continue; indeed prob the opposite

cynic - 15 Dec 2006 08:43 - 29 of 2075

despite yesterday's massive recovery, it is with regret that my view is that this intrinsically excellent company's shares should be avoided at least until the extent of Russian greed is truly determined.

cynic - 25 Jan 2007 15:10 - 30 of 2075

POG seems to have resolved its differences with the Russian bureaucrats ..... excellent trading statement in the last few days.

POG is a top quality company and is, i am almost certain, the cheapest gold producer in the world.

Gold itself is, IMO, a good medium/long term investment, and i for one have a position both in bullion and have also bought back into here within the last week.

red = 50 dma
green = 200 dma


cynic - 31 Jan 2007 08:40 - 31 of 2075

good to see that break through 50 dma has not only been mainmtained, but some increased upwards momentum ...... next obvious pause is likley to be when 200 dma hit currently at 1200, but if through that, then perhaps up to 1300

cynic - 01 Feb 2007 12:49 - 32 of 2075

i feel like the prophet in his own land

cynic - 02 Feb 2007 18:21 - 33 of 2075

have taken my money off the table at lesat for the moment .... sp seemed to be stalling and had a good profit; gold has gone into reverse for some unknown reason ..... am sure i shall be back in in due course

cynic - 21 Feb 2007 09:25 - 34 of 2075

i regard POG as a really good share to trade as an alternative to straight bullion ..... as mentioned elsewhere, this is a really good quality producer etc etc, but sp is very volatile, so great for trading, always assuming you get the call right!

with that in mind, i post below a 3 month chart as it is easier to read than the longer term one above


red = 25 dma
green = 50 dma
black = 200 dma

Strawbs - 22 Feb 2007 14:04 - 35 of 2075

Did you get back in to this one Cynic?

Nice rise today! :-)

Anyone know why, or it is just uncertanty putting Gold back in favour?


cynic - 22 Feb 2007 14:22 - 36 of 2075

afraid i sold mine day before yesterday at 1180 when gold was looking weak (only 50p profit per share; hey ho!) ..... shall assuredly get back in for, as i said before, it's an A1 stock for trading

Strawbs - 22 Feb 2007 14:39 - 37 of 2075

Hoping for a bit more myself. :-) I'm always overly optomistic.....but my target price is around 1600..... Might have to wait until results day though before reaching that level......if at all!

In my opinion. Do your own research......


cynic - 22 Feb 2007 14:46 - 38 of 2075

POG swings around so violently that you pays your money and takes your choice ..... fundamentally, i think its an ace company, for unless i am much mistaken, it is the lowest cost gold producer in the world ..... as a trading stock, that is not entirely relevant, so i shall pick my moment to get back in (and no doubt get it all wrong!)

Strawbs - 22 Feb 2007 14:52 - 39 of 2075

If I had access to leverage or pots of cash I'd probably do the same......sadly I have to sit and wait....and hope....lots of hope.... :-)


cynic - 22 Feb 2007 15:11 - 40 of 2075

can you not run a CFD a/c?

Strawbs - 22 Feb 2007 15:21 - 41 of 2075

Scares me too much..... Don't mind losing what I've got, but don't like the idea of losing what I haven't. If that makes sense....

cynic - 22 Feb 2007 15:38 - 42 of 2075

you talked about leverage, but yes you are right .... CFDs can be a bit (dead!) scary; forgotten what spread bets are like but that might be worth looking at ..... ask IG ... can give you a contact if you need

Strawbs - 22 Feb 2007 15:49 - 43 of 2075

No. It's OK. I looked into both of them. I even played on a few simulators. Made my mind up that it probably wasn't for me, especially after I lost about 4K of "pretend" money in one day. It could've been boredom at work, but alarming how quickly it disappears if you get the trades wrong. I suppose I wouldn't be as reckless with real money, but I figure best not take the chance. Buying shares and holding them isn't as profitable (because of the leverage), but at least I don't have to watch them all day, and as long as the trend line continues, I can normally leave with a profit.


cynic - 22 Feb 2007 15:54 - 44 of 2075

as you may have noticed, i generally can and do watch throughout the day, though it is certainly not my livelihood (would need to have rather more expertise!) ..... i also get some pretty good guidance from time to time from my pals at IG

Strawbs - 22 Feb 2007 16:12 - 45 of 2075

I can only spend about 1 day in 5 watching the markets. I get the feeling trading is a full time job instead of a part time one. :-)

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