163 replies to this topic

[sommerso]

It was called ... like a stock ninja! ...  

 

"trump jump may be closer than u know"

 

09:25 Gold is up 4.90% 

 

 

I'm still holding on to my Harmony and DRDGOLD ... which unfortunately has seen a bit of a butchering. 

[Vertebrae]

Agree

Its a supermoon trumpdump sale

 

Not your typical empty handed guesswork... and with supporting R/$ prognosis shown elsewhere

What more do the great ungrateful rainbow of self seeking tribes and upstarts expect for nothing?

Get back crazed horde leave my shirt alone

 

http://tinyurl.com/huzmw22

[Vertebrae]

Should be accumulating gold as they drop.... Still showing positive divergence on charts so beware the trump jump may be closer than u know

 

Agree

Its a supermoon trumpdump sale

[Ninja]

Should be accumulating gold as they drop.... Still showing positive divergence on charts so beware the trump jump may be closer than u know

[sommerso]

A moment of silence for Gold.... 

 

It did so well.... Was the glory share of yonder months and now, rated almost to junk. Not unlike the state of our nation.  

 

It was a tumultuous year. Unfortunately I'm in two minds. Down 30% on Harmony. Down 30% on DRD.... 

 

 

 

[SLEEKONE]

Did you take your own advice....As per the other thread......Buy Gold ASAP.....?

The move to make now is into cash.....You may miss many opportunities but you'll live to trade/invest many more days still to come....That's my call....Only holding onto WSL,COH & CCO

I unfortunately did, but the market seems to have taken the news very well, albeit Nasdaq is down. For now i will have to track the Us dollar index, which hopefully will be down in the coming weeks.

[soutie]

Gold is getting a hiding. Us dollar index at all time high

Did you take your own advice....As per the other thread......Buy Gold ASAP.....?

 

The move to make now is into cash.....You may miss many opportunities but you'll live to trade/invest many more days still to come....That's my call....Only holding onto WSL,COH & CCO

[SLEEKONE]

Gold is getting a hiding. Us dollar index at all time high

[myusuf]

All are in for hiding but the RSA based ones more so

[SLEEKONE]

PE Ratios were too high
Gold is set to fall until the US actually raises its interest rates
Rand gold price has always been falling
Labour unrest for the ones that have south African interests

Tomorrow is bloodbath X 2 - gold last at levels months ago 1267$

Rand is still sub R14

Harmony / DRD/ Sibanye/ Pan in for hiding

What about Goldfields and Ashanti. I feel sorry for people who are holding gold stocks.

[myusuf]

PE Ratios were too high

Gold is set to fall until the US actually raises its interest rates

Rand gold price has always been falling

Labour unrest for the ones that have south African interests

 

Tomorrow is bloodbath X 2 - gold last at levels months ago 1267$

 

Rand is still sub R14

 

Harmony / DRD/ Sibanye/ Pan in for hiding

[sommerso]

Gold shares have been way overvalued - finally some sense

 

 

What makes you feel that it was overvalued? Just out of curiosity. 

[myusuf]

Gold shares have been way overvalued - finally some sense

[Bits]

"Non-farm payrolls disappoint".. Gosh, who coulda seen that coming. Let's see if it's Goldilocks time to eat.

[myusuf]

Just be patient

 

I am 70k down on SCP - Ave cost is R1,9 and price is R1,42 now - 70k down

[SouthAfricanMi.com]

It is a sad day in my life. I can totally understand why brokers jump out of windows and the like. 

 

So I decided to sell SGL and HMY. Div's wouldn't have made up my losses. ( just watch them spike tomorrow). Overall watching the markets I can't help but feel it is a bit of a massacre out there. Even though the Gold R price is looking good and I have this nagging voice telling me I I should have waited. But I've been watching my 45% profit ebb to a 18% and 38% to 14%, while taking hits at DRD which I bought at R12. 

 

Two weeks ago I was feeling good. Today I'm down R70k. 

 

Stock Exchange thou art a heartless mistress. 

 

That being said. I now have R200k. What to do? 

 

These things happen. As Jadeb said be gald you didnt hold MPC.

 

Nenegate gave us a hiding. We were long CML and SLM at the time. And got burnt big time, held our positions though, had loads of cash to cover margin calls. Now things are a lot rosier again

[jaDEB]

It is a sad day in my life. I can totally understand why brokers jump out of windows and the like. 
 
So I decided to sell SGL and HMY. Div's wouldn't have made up my losses. ( just watch them spike tomorrow). Overall watching the markets I can't help but feel it is a bit of a massacre out there. Even though the Gold R price is looking good and I have this nagging voice telling me I I should have waited. But I've been watching my 45% profit ebb to a 18% and 38% to 14%, while taking hits at DRD which I bought at R12. 
 
Two weeks ago I was feeling good. Today I'm down R70k. 
 
Stock Exchange thou art a heartless mistress. 
 
That being said. I now have R200k. What to do?

u could have been in Mr Price, do not give up

[Queen B]

I would keep your money in the bank for now sommerso

We are in for a volatile few weeks ahead. A lot will hinge on local political issues and the case against our finance minister. Looming rate hikes in the USA are also making things a bit wobbly at the moment.

You are probably in a good position to take a step back and watch things for a bit before plunging your money back in.

That's my opinion though

[sommerso]

It is a sad day in my life. I can totally understand why brokers jump out of windows and the like. 

 

So I decided to sell SGL and HMY. Div's wouldn't have made up my losses. ( just watch them spike tomorrow). Overall watching the markets I can't help but feel it is a bit of a massacre out there. Even though the Gold R price is looking good and I have this nagging voice telling me I I should have waited. But I've been watching my 45% profit ebb to a 18% and 38% to 14%, while taking hits at DRD which I bought at R12. 

 

Two weeks ago I was feeling good. Today I'm down R70k. 

 

Stock Exchange thou art a heartless mistress. 

 

That being said. I now have R200k. What to do? 

[Investment novice]

Agreed Gold should be in your portfolio but in the short term will come in for a batterring. you may have 2 rate hikes which you would think would be a good rand hedge but unfortunately the HMY price can take quite a beating in the US. I still maintain HAR is overbought due to the Frenzy and should trade around R33 (I previously thought R38). The company has massive risks on the book and a poor reputation. I will look to buy a lot more at those levels and wait for stability in gold price lead by international demand rather than rates cycles