End of month pattern.Have suspected for a while that the time near and around the end of a month is bad for gold.That is when contracts roll over,and they get rid of gold before the next month begins.Also after the beginning of a month there seems to be a boost.Look at the GDX gold index- 2014 months so far-JFMAMJJA J drop 29 Jan to 6 Feb F drop FAeb 24 to 28 M massive drop Mar 14 to Apr 1 A drop Apr 25 to May1 M big drop May 23 to Jun 4 J the exception gold climbed all of June J drop July 28 to Aug 4 A big drop Aug 13 till now..
http://tgr.ph/1tCnYPa This is why I am invested in pog, the long term value is outstanding. Some excellent posts yesterday and very thoughtful of other investors which is why this board is the best on lse! This has got me thinking whether I just go with the 31,000 shares I have in here currently or put my remaining balance from my qpp profits in here? I think refinancing is a certainty, however holding off for the announcement may be a good idea. We can all buy in at 8.05 that morning, even if it has risen 10% by then. We all know this will be at 70p plus within a month. The other side of the coin could be refinancing is not announced or it looks unlikely to be announced in the near term? Meanwhile I have 25,000 shares ready to buy once this is formally announced. One things for sure once when this given the ok, it will be a massive uplift that day followed by many months of slow and steady gains. Decisions decisions :) Have a great bank holiday all
Something for fun
Treeshake, Dduck, BtFaith/Bookie/Mogo/Observing, just thinking for the meeting on 28th to go with a board suggesting we need only update on refinancing and if the update does not comes in to start shouting on the venue for the same. Anyone planning to gang in? ;-) ;-) ;-) Ok, this was the effect of having too many beers just at start of the long weekend.
2 full trading days until results, JORC update and hopefully some sort of refinancing confirmation. 5 weeks ago in the conference call the CFO told us some bank agreements had been written up ready for signing off. Bonds were and still are the only unknown regarding what refinancing may incorporate. A good rns to look back on when things were going well is on the 28th January 2011- Hambro and Maslowsky got £40m for 4m shares to settle personal dealings. It's not like he doesn't have a bit of personal cash to help secure agreements in tough times- remember market cap now only 65m!!!
it might be good to be partly in cash-at least then you can await events then see where to move.But you can't have too much in banks- just in case they melt down one day..maybe somewhere else if you know somewhere safe could be better ? That's your decision.Otherwise sticking with gold shares I feel.You could have a very long wait ahead of course.But that highly significant nugget about 18% more gold bought by central banks is the dead giveaway- in Q2/14 than Q2/13 is important-it shows the way to go.You can't go wrong by copying the central banks,but persons being in physical gold might one day be stopped as it was in 1933.. Janet seems unsure what to do,she might put off and put off,she knows about money printing,it has been a habit.Interest rate rises might be put off as long as possible.You certain;y shouldn;t go into main shares which are too dear now.All of this inviting comments..your decisions,your money.GL
Take as you will. Invested in this company about 16 months ago so my average is over a quid when I purchased the majority of my shares and have been throwing in cash every 3 months since this time. Sorry, but as a company you do not go to these low's unless you have another plan. The rich have already got richer in my opinion,
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