POG

I'd avoid this company as its just grinding lower . It seems to be correcting the full fib retrace .once it goes past the 61.8 fib this will likely retrace the 100% and more. This could be good for the very short term as tradesmarter has said. Be flexible with this.

My view was as posted before 320 for bounce entry (you know I'm always a penny out!), but I'm bearish on gold at the minute so I'd watch the previous support (maybe now resistance) at 340 for re-action and bail on a close below 315 (3% rule)...for now I'd only see it as a quick scalp trade, IF we can stay above 320 for a few weeks then give me another shout and I'll have another look......for now micro-manage the 320-340-360 area for the bigger picture signal is my view (my view changes! and didn't expect 320 to be hit so soon in all honesty) for now watch the 20p trading channels and bail if we see a new low...a break above 340 should see 360...."be flexible with the numbers of importance"

TS,

I was in at POG around 319 last time,and got out at around 399p, eventhough it went to 415p.
Now I have started buying back POG.

Whats your view on this please.

ta
Have a good day

G

Eyeing 320 for long term pension investment...with a break above both resistance lines being the signal to stay long, but may be another swing trade in this...got lucky last time at the 600 area...thank god I sold for a few p profit..note this is a weekly chart and 320 hints at a possible bottom area if it holds...if not I'll just extrend the trendlines and keep watching

I was stopped at 349. Will look again later, but just at the moment I'm a bit nervous of longs unless there is a very good reason.

I think this is approaching some critical areas.

The recent high was sold off - so it will be interesting to see if the recent lows are being respected.

The risk taker would go in expecting a higher low

dl.dropbox.com/u/4385922/pog0501.png

Any views?

Cheers