Petropavlovsk Board http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion http://www.iii.co.uk/icons/logos/logo_140x67.png http://www.iii.co.uk tag:iii.co.uk,2003:tst.10620660 the main point is that at 1408 they are safe/profitable and what is wrong taking some insurance rather than being greedy hoping the price of gold will go towards 2000
GLA By Rogadar. ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10620660&action=detail Thu, 23 May 2013 07:49:00 GMT Rogadar. tag:iii.co.uk,2003:tst.10619838 http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10619838&action=detail Wed, 22 May 2013 18:56:00 GMT LoadsaDosh2 tag:iii.co.uk,2003:tst.10619007
Wiki
Between 1999 and 2002 Brown sold 60% of the UK's gold reserves shortly before gold entered a protracted bull market, since nicknamed by dealers as Brown Bottom.[53][54][55] The official reason for selling the gold reserves was to reduce the portfolio risk of the UK's reserves by diversifying away from gold.[56] The UK eventually sold about 395 tons of gold over 17 auctions from July 1999 to March 2002, at an average price of about US$275 per ounce, raising approximately US$3.5 billion.[57] By 2011, that quantity of gold would be worth over $19 billion, leading to Brown's decision to sell the gold being widely criticised.[58]

Great gambling with other peoples money By mr rowie ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10619007&action=detail Wed, 22 May 2013 13:54:00 GMT mr rowie tag:iii.co.uk,2003:tst.10618434
I think the secular bear market in gold from 81-00 was more to do with the implementation of real positive interest rates resulting from Volcker's roll out of his disinflation policies (which were an andidote to the horrible mess of the 70s - perpetrated by a past master money printer, Arthur Burns)... Until interest rates are 'real' gold, IMO, will continue in its bull run - what we are experiencing now is a normal correction in a bull market, IMO.

I don't think the establishment will ever willingly implement real interest rates as you'd get a 30s style depression. By Abdnloon ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10618434&action=detail Wed, 22 May 2013 10:48:00 GMT Abdnloon tag:iii.co.uk,2003:tst.10618356 ')" target="_blank" rel="nofollow">http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10071998/Risk-of-vicious-circle-for-gold-as-hedging-returns.html

Tyler Broda from Nomura said this may signal the return of “structural hedging” across the industry, with other companies scrambling to lock in forward contracts. “This could increase the pressure on the spot gold price over the coming years,” he said. The risk is a vicious circle as hedging leads to lower prices, leading to more hedging.

The process pushed gold down to $252 an ounce in 2009, though there were many other forces at work, including sales by the Bank of England and other Western central banks.

“It was hedging that killed gold prices the 1990s,” said Ross Norman from Sharps Pixley. “Every time there was rally, the producers seized on the chance to sell forward. It was most unhelpful.”
By mr rowie ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10618356&action=detail Wed, 22 May 2013 10:26:00 GMT mr rowie tag:iii.co.uk,2003:tst.10617282 http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10617282&action=detail Tue, 21 May 2013 22:46:00 GMT greymonk tag:iii.co.uk,2003:tst.10617136 http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10617136&action=detail Tue, 21 May 2013 21:13:00 GMT veksi tag:iii.co.uk,2003:tst.10617134 Perhaps the market likes it, sp up nearly 2.5p! By veksi ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10617134&action=detail Tue, 21 May 2013 21:12:00 GMT veksi tag:iii.co.uk,2003:tst.10617107 Where will the upside be if gold rises?
Way to put off a gold bug. By veksi ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10617107&action=detail Tue, 21 May 2013 21:01:00 GMT veksi tag:iii.co.uk,2003:tst.10616204
Extract from bullion vault 21st May.

"With output forecast around 21 tonnes for the next 12 months, Petropavlovsk has now hedged 15 tonnes of that gold, locking in a price of first $1663 and then $1408 per ounce."

Back of a fag pack calculation mean that PoG would need to fall below $1200/oz for POG's avg price to be less than $1500/oz for 2013. POG has now secured itself the time needed for those projects stated in its update.

I am now reading the runes and watching the stars for POG.

I hold share in POG. By Wealth4u ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10616204&action=detail Tue, 21 May 2013 13:45:00 GMT Wealth4u tag:iii.co.uk,2003:tst.10616196
With output forecast around 21 tonnes for the next 12 months, Petropavlovsk has now hedged 15 tonnes of that gold, locking in a price of first $1663 and then $1408 per ounce.

Back of a fag pack calculation mean that PoG would need to fall below $1200/oz for POG's avg price to be less than $1500/oz for 2013. POG has now secured itself the time needed for those projects stated in its update.

I am now reading the runes and watching the stars for POG.

I hold share in POG. By Wealth4u ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10616196&action=detail Tue, 21 May 2013 13:43:00 GMT Wealth4u tag:iii.co.uk,2003:tst.10616148 http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10616148&action=detail Tue, 21 May 2013 13:24:00 GMT fred53 tag:iii.co.uk,2003:tst.10616126 By weblogic ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10616126&action=detail Tue, 21 May 2013 13:15:00 GMT weblogic tag:iii.co.uk,2003:tst.10615877
http://utahpeoplespost.com/2013/05/petropavlovsks-buy-rating-reaffirmed-at-westhouse-securities-pog/

Added some more this am, not sure about latest hedge would obviously have preferred a higher gold price. By mr rowie ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10615877&action=detail Tue, 21 May 2013 11:47:00 GMT mr rowie tag:iii.co.uk,2003:tst.10615804

By fred53 ]]> http://www.iii.co.uk/investment/detail?code=cotn:POG.L&display=discussion&id=10615804&action=detail Tue, 21 May 2013 11:19:00 GMT fred53