chart ..for those interested, page-4

Thanks for the chart Acouch, it largely agrees with Jody Ellis analysis in this week's "Chart Chatter" from Sanfords:

Key points:

# Currently every dollar per Oz. over $410US is worth about $0.01 over $1.00 for LHG's share price.

# An uncertain third quarter with US elections is certain to hold gold prices up.

# LHG traditionally performs well in the last half of the year.

#LHG has moved up through the consumer resistance point of $1.00 in the last week and could well find support at this level.

#Fibonacci retracements have worked well historically with LHG and we have recently had a 50% retracement from the April 04 high. This high was directly related to the surge in the gold commodity price to $430 US (substantially above the $410 US current operating cost for LHG). LHG tested the $1.25 barrier with this gold price hike.

This $1.25 level is a reasonable price target prior to September.