gold revving for pop to $1245?, page-7

yeah, beatle needs to go away more often...same thing happened last time he was on hols...definite correlation here rather than POG.

checking my charts tonight for first time in months and easy to see
- the Fib. retracement (relating to the down trend from 23 Nov'09 to bottom 19th Feb'10) shows 50% level at 14.5c which has also been a strong support/resistence in the past,
- and the 61.8% level is 15.5c which we broke through reasonably convincingly today with a VWAP 16.

However there was strong selling going on feeding in millions at that level as I checked when i was at work and at one stage there were a few buyers at 16 but sellers at 16.5 then only few minutes later over 1m sells at 16 - someone still lightening but its good these are being taken up.

CEB2> at $2k POG, the SP based on variable discussed previously is, shall we say open for quite a bit of discussion on the validity of the variables....my NPV shows over 70c....more to the point will be what will exchange rate be ...you need to start factoring in fear into the demand side of POG equation. We just don't know.

And that still doesn't include Mapawa.