LGL - Lihir Gold

Sean K · 1 September 2006

Re: LHG - Lihir Gold

nizar said:
kennas,

if there is an economic recession, global stockmarkets will collapse, and regardless of the price of gold, do u really think gold stocks will be spared ?

Well, maybe I'm wrong Nizar, but golds 'safe haven' status seems alive and well to me. You only need to watch the POG everytime something dramatic happens around the world. Or, am I wrong, and it does nothing? When US$ crashes aren't world banks going to be putting their money into gold and Euros?

Sean K · 1 September 2006

Re: LHG - Lihir Gold

nizar said:
kennas,

if there is an economic recession, global stockmarkets will collapse, and regardless of the price of gold, do u really think gold stocks will be spared ?

Fuel to my fire:

2319 GMT [Dow Jones] Spot gold at $626.40/oz, +90 cents on NY close and remaining on front foot after overnight safe haven gains on concerns over Iran nuke issue, with modest oil rise adding some inflation-fighting support, as did 3-month high silver, base metal uptick. Expected to find resistance from current levels strengthening to 100-day moving average at $632, says ScotiaMocatta; adds "the metal needs to close above 632 dollars in order to start forcing the bears to cover their positions." (JAD)

nizar · 1 September 2006

Re: LHG - Lihir Gold

kennas said:
Well, maybe I'm wrong Nizar, but golds 'safe haven' status seems alive and well to me. You only need to watch the POG everytime something dramatic happens around the world. Or, am I wrong, and it does nothing? When US$ crashes aren't world banks going to be putting their money into gold and Euros?

I agree very much that the price of gold will increase in times of geopolitical tensions or due to any fall in USD. Agree 100%. What im saying though, is if gold price rises but GLOBAL STOCKMARKETS crash (as u mentioned in your previous post in which my initial reply was to) then gold STOCKS will also tumble as stocks will be sold off NON-SELECTIVELY

Or do u really think that while XJO crumbles, that becoz price of gold rises, then LHG and other goldies will fire?

Recession means that there will less demand for the metal itself so thats why i think if there is a recession globally then stockmarkets will generally fall and even gold stocks will not be spared

Thoughts?

Sean K · 1 September 2006

Re: LHG - Lihir Gold

nizar said:
I agree very much that the price of gold will increase in times of geopolitical tensions or due to any fall in USD. Agree 100%. What im saying though, is if gold price rises but GLOBAL STOCKMARKETS crash (as u mentioned in your previous post in which my initial reply was to) then gold STOCKS will also tumble as stocks will be sold off NON-SELECTIVELY

Or do u really think that while XJO crumbles, that becoz price of gold rises, then LHG and other goldies will fire?

Recession means that there will less demand for the metal itself so thats why i think if there is a recession globally then stockmarkets will generally fall and even gold stocks will not be spared

Thoughts?

Probably depends on the severity and how widespread the recession is. Worst case recession/depression, I agree, everything will be smashed. There will be much reduced demand. Chindians will still be buying probably. And the Italians.

Sean K · 1 September 2006

Re: LHG - Lihir Gold

LHG looks to be breaking up now. Up 3+% to $3.09 now.

Probably tracking gold a bit, which was up overnight, but I have noticed that LHG is a bit of a barometer on the market sentiment for the POG. Perhaps punters are tipping POG to be on the rise.

Could be just the Iran thing too, whcih could blow over shortly. Or, blow up!

scsl · 2 September 2006

Re: LHG - Lihir Gold

grunt said:
upward breakout fri or mon.a bit of georges crazy sabre ratling should do the trick.

I have to admit grunt, you picked that one pretty well! It was quite fascinating to witness the effectiveness of the technical and charting analysis that followed his post which saw several of you in unison as to the future direction of the sp. I have bought into OXR already and LHG now looks quite convincing, particularly if it can continue to rise and hold this level.

Any thoughts on where LHG is headed?

Cheers,
scsl

grunt · 2 September 2006

Re: LHG - Lihir Gold

I'll stick my neck out and say $4 by the end of the month.That's based on similar breakouts moving up by 30 to 40%.Also waiting for gold to break out of the same pennet to be sure.Crazy George is pretty reliable in stirring the pot and pushing the price of gold(deficet-afganistan-iraq-nth korea-iran-syria-etc etc etc). Kennas will probaly have a better forcast on this-he's definately more acurate than me.

NettAssets · 6 September 2006

Re: LHG - Lihir Gold

it really seems to be in for the long haul

Has cleared the minor resistance at 3.13 OK now has only a bit of turbulence from the gap down between 3.35 and 3.50.

can it find a new high before month end?

NA

Freeballinginawetsuit · 6 September 2006

Re: LHG - Lihir Gold

NettAssets said:
it really seems to be in for the long haul

Has cleared the minor resistance at 3.13 OK now has only a bit of turbulence from the gap down between 3.35 and 3.50.

can it find a new high before month end?

NA

Nope.

NettAssets · 6 September 2006

Re: LHG - Lihir Gold

Sussinct.

Freeballinginawetsuit · 6 September 2006

Re: LHG - Lihir Gold

NettAssets said:
Sussinct.

BSG when you last talked about LHG a few weeks back and PNA at its POR last week (already tried and tested the week before).

Profits realised would equate to LHG's SP at $3.75, in a third of the timeframe.

Strong stocks are the ones that spike with volume or buck the market trend.

LHG has awful spikes and chronic sideways action, why trade it.

As for your quote?, whats it mean.

NettAssets · 6 September 2006

Re: LHG - Lihir Gold

Sussinct ? That would mean short and to the point

Freeballinginawetsuit · 6 September 2006

Re: LHG - Lihir Gold

NettAssets said:
Sussinct ? That would mean short and to the point

O.K., as you probably figured I've traded LHG. I was stuck in for nearly three weeks to make a crappy 5%. BSG I'm in long and its proven to be a much better punt than LHG.

NettAssets · 6 September 2006

Re: LHG - Lihir Gold

probably right - Im trading this with options so the leverage is a bit better.
Up 19% since the 24th when I took a bath with the bull puts.
I will put a no retrace trailing stop on at 20% if it gets there.
Wish there was an easy way to do it but I have to follow the action manually.

Freeballinginawetsuit · 6 September 2006

Re: LHG - Lihir Gold

NettAssets said:
probably right - Im trading this with options so the leverage is a bit better.
Up 19% since the 24th when I took a bath with the bull puts.
I will put a no retrace trailing stop on at 20% if it gets there.
Wish there was an easy way to do it but I have to follow the action manually.

O.K., as before all the best John.

jovialTrader · 17 October 2006

Re: LHG - Lihir Gold

LHG merged with Ballarat Gold. What effect will this have on the SP?

A good time for such an announcement esp. the price of commodities are higher overnite...

A good day...

JT

bvbfan · 17 October 2006

Re: LHG - Lihir Gold

Bearish it seems, unless BGF starts rising, arbitrage players will sell LHG and buy BGF well there were today it seems.

Mofra · 17 October 2006

Re: LHG - Lihir Gold

This news could be the panacea for ST/MT for LHG, to have it finally travel outside of its recent range.

It seems LHG have made a strategic direction to enhance their reserve & production capacity however at the same time the fundies will probably include some development risk in thier calculations of what they believe to be the intrinsic value on the stock.

Some of us care less of the direction than the opportunity to have another highly volatile code with relatively liquid ETOs running with it

The Mint Man · 24 October 2006

Re: LHG - Lihir Gold

hey people,
I have been away for 2 weeks ...... over this short time LHG had gone up to around $3.10 and back down under $2.80 (currently at $2.74) they had also announced a merger.
A bit seems to be going on at LHG lately.

So my question is,
short, medium and long term - where do you see LHG heading and why?

cheers

Sean K · 24 October 2006

Re: LHG - Lihir Gold

The Mint Man said:
hey people,
I have been away for 2 weeks ...... over this short time LHG had gone up to around $3.10 and back down under $2.80 (currently at $2.74) they had also announced a merger.
A bit seems to be going on at LHG lately.

So my question is,
short, medium and long term - where do you see LHG heading and why?

cheers

Short term pain bedding down BGF, which I personally think was a mistake. What do they need a crummy 1.3m oz for. They should have bought EMP, or OGD, or even BDG after the recent sharp fall.

Medium to long term winner. Will be back above $3.00 in not too distant future once gold recovers.

(Note: author is a long term gold bull )

LGL - Lihir Gold

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