lgl record gold output, page-19

Yep thanks Siamese Parrot

Obviously I am not someone who has been playing gold stocks of late. I just noticed LGL being hammered without understanding the fundamentals. With gold taking off I am starting to take some interest.

Understand now gold support all about dollar play and with strengthening of AUD is reason why NEM did well yesterday whilst other majors LGL, NCM didn't.

I have started reading up and following gold as noticed the inverse head and shoulders on gold chart which is near completion (hopefully). This is why I haven't started trading gold again as need to get back into where things are at, what is driving the gold price etc as been out of touch. So all comments around this been useful :-) to help me get back up to date with what is happening.

Despite this I am still watching LGL as think there has been overly negative sentiment as result of last quarterly (lower grades, slightly higher costs) and Ballarat sale (which everyone knew was a dud so offloading it positive whilst still making targets)

2.70 suppport level for LGL critical (obviously outside the gold price holding up) and seems to be holding at 2.74 levels. So still watching this one.

cheers

Londoner