63 replies to this topic

[battleship]

Indication are  that gold will test 1181-1202 today .That's another 15% up 0n the big gold shares

[battleship]

I have sat on my hiding I took from afdawn..I invested all the money in goldfields 10 days ago at r35 rand as I saw Chinas crisis having to impact on gold.Its now R43.50 and with the overnight rise to 1160 dollars we can expect a huge rise again today.I regard this as short term as it can fall just as quick as its erratic movements are caused by Fed decisions to protect the dollar.I will  moniter today whether to bail or hang on.

 

There should be another big downside in gold as its all manipulated, but then its going to be a real bull run.it has to be, the stockmarkets are crumbling.

[orca]

Although miners had an exceptionally good  day today, it shows that miners have become a small part of the economy in South Africa.

 

[Taurus]

Given the current picture seems not to bad to start hedging in gold. Me thinks physical first and if things start going load up some of the gold miners. Hope they don't get nationalized if things get to crazy. But it looks that TSHTF scenario becomes a real possibility.

[Queen B]

Have a look at other options as well Wolf. I got out of GFI towards the end of last year and kick myself now.

GFI, Harmony, Sibanye, DRD. There are plenty of options. Just got to look deeper than the gold price itself. Company fundamentals and performance is just as important

Good luck mate. Never thought we would be talking gold shares again after the last collapse

[Wolf on JSE]

Cool. Thanks

[Queen B]

I've done nicely on DRD

Up 40% in a week

[Wolf on JSE]

What are the thoughts on which mine 2 go with? Got mine in on Harmony

[Ninja]

Ya well.... Those $700 -$900 gold callers are gone very quiet neh😀

They were very confident in November/dec that there was no upside.... Now where are they?

[MHB]

Gold on the rise. GFI up, SGL up!

 
 

[Sugafoot]

(Please read from previous post)<br />Any thoughts on these developments, considering the gold price being in the doldrums at present? And added to that, the relative stability in labour relations to be seen over next two/three yrs (wage disputes being behind us for the time being) <br />And any thoughts on the outlook for gold and companies for next 36months?

[Sugafoot]

I've noticed that there's been allot of investment funds increasing their stakes in gold producers.<br />For example, a look at SENS announcements for Pan Af shows at least three funds increasing their holdings. It's a similar story for Harmony

[ThatBlackGuy]

What does this gold hammering mean for the cheapest producers of gold?<br />Are we bound to see a flock to them?

 

No ... SA doesn't impact global supply. They will go down, but not as much.

[Sugafoot]

What does this gold hammering mean for the cheapest producers of gold?<br />Are we bound to see a flock to them?

[MHB]

Gold Fields Down! 
Sibanye Down!

[BlythZ]

It's official... Gold Mining under 1000

When did this last happen?

Mid December last year. 

[zoner]

There Will Be Blood

[zoner]

It's official... Gold Mining under 1000

When did this last happen?

[Ninja]

Tell me about it... Harmony at R18... Any idea what's harmonys NAV? Is this a once in a lifetime buying opportunity ?

Gold is in process of testing that $1180 level for 4th time... How much below cost of production can it go and for how long?

Edited by Ninja, 30 October 2014 - 11:20 AM.

[zoner]

Looks like Harmony getting *itched slapped again today eh?