depends if you a gold bull or bear....im neither and dont trade it..( again ill get attacks from the punters but its my choice , my money)
gold has made a nice recovery from lows but hit some sort of resistance...Experience has shown me that gold normally runs in dec and jan and thereafter drops....sometimes like a stone....
However this year could...i say could be different because we all expecting a major correction in world markets...If that happens investors normally flock back to gold or USD as safe heaven.
I dont trade or invest in gold shares or the physical gold bars as im not a fan of gold.
Only advise i can solidly give is ....you must make your own decision on your own take of gold rpice and rand/dollar going foward...Gold shares are very sensitive to both..
As far as SGL is concerned , its a punters stock..If you believe in the gold story and rand/dollar fx then better counters to buy than sgl..ie anglo gold or GFI..
SGL also does plat and run last few days has been on strength of impalas and anglo plats share price... But going forward, i wont buy in here...just my opinion. ( remember it can go to R20.00 next month so dont blame me lol)
It hit the 20 bucks... Now for 30bucks?