big oops... looks like the dog is going to be put down. This is terrible when things like this happen. Not only do investors get hurt but 1700 people and their families are now going to lose their income in an economy that is bluffing itself.
Gold's time will come again. I'm not in gold now, but I made a good profit on DRD's last run, and will soon again, as the pure emotion of a genuine gold run is better than anything you'll ever see in Pamplona.
Something interesting to notice. Put GLD and GFI (Har too, but GFI gives a better picture) see what you get. Using GLD as the rand price of gold. Using quantities have not dropped too substantially that an indication to me that HAR/GFI are good buys. Most people agree that commodities are the first thing they'll get back into when they do get back into the market.
Don't get greedy on the upside. The pop up might have been due to people exiting their short positions after making a profit. Expect it to dribble down for a while as longer-term shareholders realise what has happened and bail out.