Unlikely, unless the gold price pulls back bigtime. It is...

Unlikely, unless the gold price pulls back bigtime. It is currently testing the $US900 level, and while a pullback is likely, it is more probable that it will be a small one.

The POG may take 2, 3 or even 4 goes at penetrating that $900 level, but once it does, the next move would be to fall back and test that level as a support instead of resistance.

If it does that, and respects the level as support, then we're up, up and away towards the $1000 mark again.

And as long as the POG is trending upwards, then LGL is likely to follow.

Of course, the unknown factor is the quarterly report due out in the next couple of weeks.....

LGL still remains an excellent long-term buy and accumulate though, IMHO.