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Time to buy gold mining stocks if its not too late


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#1 sommerso

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Posted 04 April 2017 - 09:51 AM

I bought Sibanye on Thursday. Luckily I'm making up some of losses with Harmony. Here's hoping they reach their highs of 2016 again.
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#2 SLEEKONE

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Posted 04 April 2017 - 09:40 AM

Buy gold now and be in safe hands


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#3 sommerso

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Posted 03 April 2017 - 10:55 PM

Anyone else thinking it is time for this metal to step into the spotlight and shine again?


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#4 Crow8866

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Posted 03 March 2017 - 04:12 PM

By Gabriele Steinhauser

 

JOHANNESBURG--AngloGold Ashanti Ltd. (ANG.JO), the world's No. 3 gold producer, swung into the black in 2016 thanks in part to a recovery in gold prices.

AngloGold said it swung to a full-year profit of $63 million from a year-earlier loss of $85 million.

The company said its headline earnings, which exclude exceptional items, came in at 27 cents a share, a turnaround from a year-earlier loss of 18 cents a share. Revenue rose to $4.25 billion from $4.17 billion.

The South Africa-based mining company reduced its net debt to $1.92 billion at Dec. 31 from $2.19 billion a year earlier.

 

Why is the share price of ANGGOLD dropping when it is suppose to go higher and higher. Is the market rigged or what?

What is the reason?


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#5 Crow8866

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Posted 14 February 2017 - 10:34 AM

Anglogold Ashanti still a good buy at current prices.

 

Profit price above 1100 USD an ounce.

 

Q4 results to come out 21 Feb.

 

Expect higher earnings for 2016.

 

Target Price 195.84

 

 


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#6 sommerso

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Posted 09 February 2017 - 07:24 AM

Happy Birthday Topic. I see it was started yesterday a year ago. 

 

Did anyone see the surge in DRD coming? Anyone? Anyone at all? Is it sustainable? Can one get on that wagon still? 


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#7 Investment novice

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Posted 13 January 2017 - 08:06 PM

MYUSUF comment on day trading may be more clever that we think.

Gold price is driven by season demand and artifical factors- the simple 3x rate promisses will floor gold sub 1000.

Share prices are artificially recivering on media sensationalism but not driven at all through fundamentals- China debt ; USA debt to GDP at astronomical levels- wait for gold to tank and then climb in to Anglo and safer gold shares.

for now ride industrials and jump ship and ride oil and jump ship.

we still have massive funds leaving country - down grade risk still there...artificial PEs

this is theatrical pump and dump.

 

This is not about negativity but about realism and caution- if you in it for the long run nice- but if you have a nest egg- more than ever be diversified across continents; asset classes and hold cash in several currencies

 

i meet too many new investors being influenced to trade or invest their savings by buying shares only to make bankers and platform owners wealthy- too many tears

 

 

 


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#8 SLEEKONE

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Posted 12 January 2017 - 03:53 PM

When is the Rights offer coming? I completely forgot about it. Still think they have some solid management. Still struggling to bend my mind that they were trading at near R70 not too many moons ago.

Donald Trump will push Gold to new heights this year. That man is a Looney. Expect Gold to reach R1500 by August. The American Billionaires put him there and soon many will be flocking to gold stocks.
I don't know when the SGL rights offer will be,but it is also a sure bet.
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#9 sommerso

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Posted 12 January 2017 - 02:15 PM

Wouldn't that be good for the mining shares?

It would... but currently it is R13.46/$ ... not near the R15 / 16 it was a year ago


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#10 coasti

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Posted 12 January 2017 - 01:12 PM

My only concern with the current price is the R/$ .... if Zuma would do as a pretty and reshuffle a few things that we can get back to R15 for a bit. 

Wouldn't that be good for the mining shares?


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#11 sommerso

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Posted 12 January 2017 - 01:09 PM

I would stay clear of Sibanye. With the coming right offer, the share might be diluted heavily. I would buy GFI AND ANG.

When is the Rights offer coming? I completely forgot about it. Still think they have some solid management. Still struggling to bend my mind that they were trading at near R70 not too many moons ago.


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#12 sommerso

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Posted 12 January 2017 - 01:08 PM

At gold's current prices $1205.05, ANG can fly up to 195.00 levels.

 

My first choice.

 

Definitely buying this one. 

 

My only concern with the current price is the R/$ .... if Zuma would do as a pretty and reshuffle a few things that we can get back to R15 for a bit. 


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#13 Crow8866

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Posted 12 January 2017 - 12:53 PM

At gold's current prices $1205.05, ANG can fly up to 195.00 levels.

 

My first choice.

 

Definitely buying this one. 


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#14 SLEEKONE

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Posted 12 January 2017 - 12:21 PM

Anglo has done nicely over the past week or so. Hoping it isn't the same start for gold that we had this time last year. Thoughts on Sibanye?

I would stay clear of Sibanye. With the coming right offer, the share might be diluted heavily. I would buy GFI AND ANG.
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#15 sommerso

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Posted 12 January 2017 - 09:16 AM

This gold is so frustrating

 

You never know which way its going - Donald trump says nothing about stimulus - dollar falls - gold goes up

 

Today he could open his mouth and say he is going to spend R1B$  and gold could tank

 

Stick to day trading on gold shares as today you could win big and overnight lose.

 

 

Day trading I gather you have to know what days to trade and which days not to? 


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#16 myusuf

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Posted 12 January 2017 - 08:49 AM

This gold is so frustrating

 

You never know which way its going - Donald trump says nothing about stimulus - dollar falls - gold goes up

 

Today he could open his mouth and say he is going to spend R1B$  and gold could tank

 

Stick to day trading on gold shares as today you could win big and overnight lose.


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#17 sommerso

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Posted 12 January 2017 - 08:33 AM

Indicators show gold is recovering. Might want to buy ANG,GFI,HAR.

 

Anglo has done nicely over the past week or so. Hoping it isn't the same start for gold that we had this time last year. Thoughts on Sibanye? 


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#18 SLEEKONE

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Posted 12 January 2017 - 07:52 AM

Indicators show gold is recovering. Might want to buy ANG,GFI,HAR.
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#19 sommerso

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Posted 06 January 2017 - 07:54 AM

Gold is going to get a pummelling for the next 3 months- rand dollar will stabilise. dual listed gold shares track the gold price and we should see the impact on jse gold shares as well. if you in for the long haul- may be tear jerking temproary insanity. if you are in for the short term- get out today as the down trend wont abate until shares lose perhaps another 50% of their current value over the next 3 months based solely on gold sentiment. what do you think....

Twas a bumpy ride.... 

 

Seems Harmony is recovering and I broke even on DRD yesterday, having bought a lump when Trump got elected. Almost two months later. Money I could have made elsewhere.... not sure where though.... seems most of the stocks have been moving sideways. 


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#20 myusuf

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Posted 20 December 2016 - 06:46 PM

I dont think anyone knows but its very nice to trade volatility on the gold shares with cfds
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