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Online Share Trading

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GFI

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Super Contributor
keeps pulling back to support around 130.60.I know Prof. Roffey would describe this as a major buying area.Do any forumites have an opinion?Chartist?(sorry to mention you in the same post!).
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5 REPLIES 5
Frequent Contributor
imvho, buy !
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Super Contributor
It is very responsive to changes in the gold price.The question is whether the gold price is also just pulling back to test $1000 again. I think it likely gold will bounce back considering the dollar woes and a likely 1% decrease in US rates later. If so I can see gfi and har taking off as they threatened to do yesterday.Thanks Ditzy.
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Frequent Contributor
Russ, i have been playing warrants on this for a couple of weeks and got stronger signal since GFI held above 126, so i wanted to hold the share i'd go long.
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Super Contributor
Long it is.
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Super Contributor
Russ although I agree that GFI is a buy (ta) .A little correction.. the price of gold has very little to do with the price of GFI, except on the down side prehaps. Have a look at the price of GFI a year ago and the price of gold at that same time to illustrate my point.
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