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Community


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Online Share Trading

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Roniqua
Contributor
Hi. Would you think that harmony is moving into a spot where its safer to buy. Very over sold i think. Will it hold the 78 mark. Thanks.
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6 REPLIES 6
Not applicable
Past experience has had the 76 - 80 mark as a good buying range but has been down to 68 to 73 before. My guess is Yes not bad but watch Rand/Gold price and Rand/Dollar rate for best clues. Gold might still come back down to 1020 so that will affect gold shares OMO
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Pots
Contributor
Gold dropped to upper 1020 lower 1030 and now back above 1045 and rand weakened to 790c so rand gold on the up, yet HAR still being pused down. Is someone offloading???
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SimonPB
Valued Contributor
must be the smart money ??
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Not applicable
who would want to invest in SA goldminers now, given wage increases, ever decreasing production and now the latest wammy - insufficient power at 3 times the price of the good years. If you are going to make a gold play - stick with those with cross border exposure - ANG for example
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SimonPB
Valued Contributor
ya ANG who just lost money with gold at all time highs ??
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john_1
Super Contributor
if you going to make a gold play buy gold and leave gold miners out of it...and if you absolutly must buy a gold miner because your childs life depends on it...(why else) then by an open pit miner or a chinese gold miner. SA gold is SO LAST CENTUARY>
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