I don't have time to study gold shares in detail and tend to switch between GFI and HAR. Timed the up in gold price quite nicely early this morning, but now it seems as if I'm riding the wrong horse - GFI. Only up by 1% compared to the others at 4% +. Will it catch up?
The joys of trading - last time I used to trade harmony - and GFI used to rocket. So it goes. I am not in gold at the moment, but if I was, i would have backed GFI too, it certainly looks the stronger option.
GFI doing like HAR did for about two week. very sideways and no clear signal. HAR broke the signal on Friday and a strong buy came into play. So if you back HAR like you said better off. GFI might still lag a few days but will catch up, but when is the problem.