24 replies to this topic

[Ninja]

Just how Eskom stated that it's not in the business of bailing out mining companies... Mining companies are not in the business of creating jobs for Union members.... Lol

[Trader1]

Any thoughts on pan african resouces?

[battleship]

If you listen to the Roffey Review he has been saying the Gold price will go up since 2012 and it has just kept going down. In fact I have an email from him in 2012 in which he claims Harmony would go to R160 from R100 at the time - now R13! 

 

But I believe that the end of this bear market is indeed close - now the second longest bear market in history of gold market

I have followed Clive Roffey for years.Originally I was impressed, but learnt he talks unadulterated trash.I now follow as its better than English humour.Whatever he says, do the opposite.

 

His only redeeming factor for making people lose millions for 5 consequetive years is that gold will soon turn,simply because it will not and cannot become worthless.Then he will claim how clever he is!!!!!

[Ninja]

At R12.57 now, harmony should be trading at $1 in the US...

[McEdama]

Fun and games today... Gold dipped below $1100, watch the volumes and bids

 

'Blood Bath' of epic proportions ahead...

[Ninja]

Fun and games today... Gold dipped below $1100, watch the volumes and bids

[doughza]

If you listen to the Roffey Review he has been saying the Gold price will go up since 2012 and it has just kept going down. In fact I have an email from him in 2012 in which he claims Harmony would go to R160 from R100 at the time - now R13! 

 

But I believe that the end of this bear market is indeed close - now the second longest bear market in history of gold market

[battleship]

Chinas official gold reserves out today for first time in 6 years

Increased from 34 to 55 ml ounces

 

no change gold on that

 

Greece and China crisis also seen gold and plat just keep falling

 

I don't get it - expected the opposite

 

I punt ANG and HAR occasionally but looking for gold price increase before enter again

 

Same for LON,NHM and IMP

Dear FF

I like you expected the Greece story to give jitters to Europe (and the world) and boost gold value.But the opposite happened.

Then to complicate it more ,Now that Greece has another rescue,the trend should have reversed, but no, gold continues ....DOWN.

It does not make logical sense.It is inevitable gold will rally very strongly when a calamity happens, but I believe not for a good few months.

[Francoisfin]

Chinas official gold reserves out today for first time in 6 years

Increased from 34 to 55 ml ounces

 

no change gold on that

 

Greece and China crisis also seen gold and plat just keep falling

 

I don't get it - expected the opposite

 

I punt ANG and HAR occasionally but looking for gold price increase before enter again

 

Same for LON,NHM and IMP

[Queen B]

Harmony is a buy opportunity

Gold has swings and roundabouts and is always a safe haven when things go pear shaped

I just topped up

[Ninja]

And another greesing harmony now @R13.42😂

[Trader1]

Any thoughts on pan african resouces?

[Ninja]

Harmony taking a greesing today... Down mega 6.92%... Back below R16

Edited by Ninja, 30 June 2015 - 12:31 PM.

[Ninja]

On daily candle charts Harmony is breaking to upside of falling wedge pattern she's been in since January...

Edited by Ninja, 29 June 2015 - 12:16 PM.

[King Kay]

Shrewed

My main problem is whether to sell my HAR shares or to hold hoping for the share to turn around. But all in all, i feel the best way forward is to sell the stock and accept the loss. Because i do not think anything will change anything soon

King Kay

[Shrewed]

King Kay

SGL will be less affected than HAR by the upcoming wage negotiations/ potential strikes. HAR looks cheap, but I wouldn't be too shocked if it drops further from current levels & therefore hesitant to go long. If you feel the gold price has upside over the medium term, I'd fundamentally much rather back SGL than HAR. That said - with the price being at these levels, chances of small upwards spikes in HAR can't be ruled out. I'll be on the sidelines with this one for the time being.

[jaDEB]

What did u buy HAR @

[Ninja]

Eish, understand your situation sometimes is better to cut your losses and look else where, lots of volatility and opportunity... But remember risk to reward ratio and stop losses important

[King Kay]

@ Ninja

So on your opinion, would you say i must sell my stock and use it somewhere else. I honestly think it will take too long for the share to recover, in that time i can make so much money than waiting for the share to recover

King Kay

[Ninja]

Every analyst says that the gold price has more downside... $900 - $1000,

Remember that the gold shares show the direction of gold price and not the other way round.

Cost of production a major limiting factor in downside of gold price, expecting a cycle low at latest by September. Once in a lifetime opportunity to accumulate gold shares around these levels in my opinion. Buy HAR at R15.50 sell at R115.50