LGL 0.00% $4.48 lihir gold limited.

chart and fundamentals looking good

  1. 7,544 Posts.
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    Fundamentals

    Macroeconomic:
    1) NIC 2025 report on the decline of the US Empire (bearish for USD)
    2) Huge amounts of USD created

    Industry:
    1) Lots of non-producers will be finding it very hard to raise funds, favours established co's with cash flows.

    Company:
    1) Increasing its output
    2) Last quarter cash costs US$412/oz at the lower end of the cost curve.

    Charts:
    1) continued support for gold around the $730/oz level
    2) LGL chart pattern looks good for a bottom a couple of days ago. Not quite an abandoned baby doji but good enough for me.
    3) USD looking toppy

    Photobucket
 
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