6900 pivotal point

[doomsdayza]

let's see if the bulls can hold off the sellers @ 6900 (once again) and we get another bounce. however a big descending triangle looks to have been forming for some time. could be the bulls finally capitulate and that 6250 and then 5210 is on the cards? wait and see... either way a pivotal point is imminent.

[kwagga]

Same thing for Goldfields. We have been testing these support levels and I hope it bounces again. I just don't know anymore, seeing that technicals are giving mixed signals for some time know, and that makes predictability very difficult.

[SimonPB]

mixed signals is easy .. walk away ..

[kwagga]

I've already commited to a long on GFI. So far it's just tested my patience with no real movement in either direction. First signs of a move against me and I'm out.

[doomsdayza]

closed below 6900 on avg volumes... see if the volumes pick up tomorrow. see today's sens.

[Surf_Rat]

So this is my take for the results total kg ave per qrt 11600 -3000 gives 8600 gold price 1100 per ounce rand dollar 7.4 gives T.O 2.5 bill/// cost is 220 000 per kg so we get 560 mill profit 430 mill less tax 173 mill shares so eps per share 1 x 4 for year gives 4 x 20 PE = R 80 not a bad buy at 69 me think .All in the cost of 220 000 per KG if it goes to 230 000 we down to 64 .we see monday

[Surf_Rat]

Typed to fast :So this is my take for the results total kg ave per qrt 11600 -3000 gives 8600 gold price 1100 per ounce rand dollar 7.4 gives T.O 2.5 bill/// cost is 220 000 per kg so we get 560 mill profit less tax 160 mill 430 mill shares so eps per share 1 x 4 for year gives 4 x 20 PE = R 80 not a bad buy at 69 me think .All in the cost of 220 000 per KG if it goes to 230 000 we down to 64 .we see monday

[Surf_Rat]

Another thought lets say gold goes to 1000 and rand 8.3 to dollar then we looking at 102 per share ( all in the carry trade and in the hands of uncle Ben and is move on US rates

[kwagga]

HAR starting to look interesting at these support levels again. Let's just hope these support levels hold. A fan formation could also be on the cards in the near future. Interesting times ahead.

[kwagga]

If you hear a pop, that is HAR going through 7300.