LGL - Lihir Gold

[The Mint Man]

Re: LHG - Lihir Gold

Just didnt reach what I wanted to buy at...
Anyone got some Chart Analysis on this? Golds at $628 atm.... spose Ill wait up to another week or so to see what happens

cheers

 

[Sean K]

Re: LHG - Lihir Gold

One thing you can count on: LHG bounces off the 200d am. Unusually high early volume today. I think punters are punting that gold is heading on up...

 

[Sean K]

Re: LHG - Lihir Gold

Gold through $640, LHG through $3.00. More good new for gold tonight ($US weakness) and we'll find LHG hitting the sweet spot at about $3.10 which will be launch time, and Chicken will be backing his bloody truck up for this one.

Having said that, I am not counting my chickens yet, as LHG has continued to disappoint me. Every time it gets to and almost through a resistance line it fails me.

I have been saying for a little while that $3,10 is the critical level though. Gets through that and the balance of probs say it's in an uptrend again. I hope.

 

[Sean K]

Re: LHG - Lihir Gold

Time for LHG to fail me..... Broken through the magic $3.10 mark, for the minute. Gapped up quite a bit. Can it sustain the rage. POG obviously the driver and I think it's in a new uptrend now. Onwards to $3.50 again hopefully.

 

[scsl]

Re: LHG - Lihir Gold

Time for LHG to fail me..... Broken through the magic $3.10 mark, for the minute. Gapped up quite a bit. Can it sustain the rage. POG obviously the driver and I think it's in a new uptrend now. Onwards to $3.50 again hopefully.

Kennas, do you see LHG's decline in sp throughout the day as being in line with the gradual decline in the overall market? Or is LHG's recent strong run losing puff? And looking at your chart, will LHG sell off to about $2.90 - $3.00? I guess it all comes down to the gold price... which has had a near perfect diagonal rise since October 5. It will all depend on the factors you mentioned in the gold price thread.

 

[justjohn]

Re: LHG - Lihir Gold

for what it is worth i think it was a combination of POG & sliding market

 

[Sean K]

Re: LHG - Lihir Gold

Kennas, do you see LHG's decline in sp throughout the day as being in line with the gradual decline in the overall market? Or is LHG's recent strong run losing puff? And looking at your chart, will LHG sell off to about $2.90 - $3.00? I guess it all comes down to the gold price... which has had a near perfect diagonal rise since October 5. It will all depend on the factors you mentioned in the gold price thread.

Just opened a bit strongly I think. The gap up has been filled now and it still finished up 1 % on the day. POG finished down slightly after almost touching $650 ($649 I think) so could go anywhere Monday. Might depend on other economic data. While it holds over $3.00 I'm more bullish on it, clearing $3.10 ish, and holding above is very important. Previous strong resistance, both horizontal and down trend IMO.

 

[Sean K]

Re: LHG - Lihir Gold

for what it is worth i think it was a combination of POG & sliding market

POG was OK I thought, but overall market would have taken the shine off it.

 

[nizar]

Re: LHG - Lihir Gold

Just opened a bit strongly I think.

This is just how LHG moves.
I remember back in April/May, when gold would tack on like us$10/oz (over the weekends this was common), LHG would open up 3-4% higher but that as it. It would close around the same levels. You wouldnt make money off it intraday.

I remember after watching a few weekends of this movement and i thought hey heres an idea, next friday i would buy maybe 50k worth of LHGs, and sell it on the monday, make about 2k (an easy 2k). Luckily i didnt coz thats when the correction started and i wouldve got taken to the cleaners!

 

[Sean K]

Re: LHG - Lihir Gold

This is breakout material now IMO. Holding above $3.10 which is the resistance point, and now trading at $3.15, which is my confirmation. Been there just for 2 days, so if it's there tomorrow, it's official to me! I'm topping up again.

All time high is my target before Christmas maybe. $US going down, and traditionally gold goes up in the lead in to Christmas apparantly.

 

[vert]

Re: LHG - Lihir Gold

sure is kennas i jumped back on this morning after leaving lhg alone for a while, looks to be back to its old self and everyones favorite.

would love to see it go to all times by chrissy, mmmm lots of turkey and beer

 

[scsl]

Re: LHG - Lihir Gold

This is breakout material now IMO. Holding above $3.10 which is the resistance point, and now trading at $3.15, which is my confirmation. Been there just for 2 days, so if it's there tomorrow, it's official to me! I'm topping up again.

All time high is my target before Christmas maybe. $US going down, and traditionally gold goes up in the lead in to Christmas apparantly.

Has held above yesterday's close of $3.17 for majority of the day now, with above average volume of 26 million so far.

Have you been topping up kennas? Also, would you mind giving your thoughts on the BSG thread?

Thanks a lot,
scsl

 

[Sean K]

Re: LHG - Lihir Gold

Has held above yesterday's close of $3.17 for majority of the day now, with above average volume of 26 million so far.

Have you been topping up kennas? Also, would you mind giving your thoughts on the BSG thread?

Thanks a lot,
scsl

Sorry mate been on the road today and haven't been here. Will catch up tomorrow. cheers.

 

[Sean K]

Re: LHG - Lihir Gold

If I may indulge for a moment and display all the resitance lines that LHG has recently broken through to get to where it is today. Probably qualifies as an outstanding breakout alert due to the amount of resistance this has had to break to get to it's current sp.

Having said that, will just take something abnormal for this to be crunched, like POG massive smashing overnight, or a mud slide on the island etc. So, nothing is ever certain, but technical traders will certainly be jumping all over this baby now.

 

[2020hindsight]

Re: LHG - Lihir Gold

rats lol - I tried to buy in at 3.21 - mustve got to the market at 4.00.01 pm (that's my 4000 shares buy sitting there lol)
see what happens tonight i guess. I can still pull out of that buy instruction I guess must watch tonight I guess.

On the subject of buying gold at the moment - one would think that the Democrats taking both houses of washington politics - that the threat of USA going to war is surely reduced ??

Maybe I'll pull the plug on that order first thing after all - (b4 market opens).

 

[Sean K]

Re: LHG - Lihir Gold

rats lol - I tried to buy in at 3.21 - mustve got to the market at 4.00.01 pm (that's my 4000 shares buy sitting there lol)
see what happens tonight i guess. I can still pull out of that buy instruction I guess must watch tonight I guess.

On the subject of buying gold at the moment - one would think that the Democrats taking both houses of washington politics - that the threat of USA going to war is surely reduced ??

Maybe I'll pull the plug on that order first thing after all - (b4 market opens).

2020, It still could pull back in the next couple of days, but this recent action has meant that 'technically' it can now push though the previous strong resistance more easily. Still a chance to catch it on the next inevitable dip.

 

[Sean K]

Re: LHG - Lihir Gold

Gold falling under $640 but LHG holds up. It actually went up when POG went down. Unheard of. Well, maybe now and then, but this is great for LHG holders. Very short term support maybe building at $3.20 with $3.10 looking like a possible longer term line.

As always, pending unusual events around the place....

Who sold under $2.90?? :

Settle kennas, early days in gold re-emergence.

 

[coyotte]

Re: LHG - Lihir Gold

Some unresolved GAPS in both charts

US Volume do's not seem to be keeping relative pace with Ozz and they are supposed to be the ones with the $$$$ problems not us ???


Smell a rat here !

Cheers

 

[scsl]

Re: LHG - Lihir Gold

ABN Amro are very bullish on LHG, with the breakout of the pennant being called 'a golden breakout' - see their chart on the link below. They look at it in terms of Fibonacci.

I exited my long LHG CFDs today at $3.24, as I think there'll be a pullback pretty soon. As kennas said, the next inevitable dip will be when I'll be going long again.

(dated Dec 5th)
http://www.egoli.com.au/egoli/egoliWarrantsPage.asp?PageID={C9020A58-44AD-482F-ADEC-0968F1C987AC}

 

[vert]

Re: LHG - Lihir Gold

i jumped ship yesterday at 3.20 on cfd, thought gold had a nice gain and would consolidate, didnt expect lhg to run like it did today but now think pog is confirming my sale, should be able to get back in at a lower price in next couple days.