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Online Share Trading

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GFI

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Goldfield went down by R5 and some cents yesteday was because what the CEO said about their gold output which didn't reach what they anticipated?
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9 REPLIES 9
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Super Contributor
Gold shares world wide are currently hammered due to the strong dollar and huge drop in gold price.
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Regular Contributor
No, it's because practically every equities market in the world tumbled by over 2% yesterday and will probably continue today. Commodities prices and commodities shares were amongst the hardest hit.
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Super Contributor
There is no future in gold shares. When eskom increase is implemented, the share will even fall more. Gold shares is a bad buy, period.
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Super Contributor
Long term yes, but in short term plays some good money can be made off gold shares.
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Super Contributor
Financials can make money by the method of compounding. Unfortunately gold doesn't do the same and as such gold shares will remain what they are..only tradable!
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Valued Contributor
ya, of short
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Regular Contributor
ANG and especially GFI holding up nicely amidst these troubled times despite lower gold price, but HAR lagging?? Fundi's - why?
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all the action takes place in the US - so the bulk of the trading volumes will kick in this evening at 4:30. With gold down, dow futures markets bridging 1000 and USD strengthening, I cannot imagine what is making local investors prop this thing up?
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Regular Contributor
GFI came off a 52 week low yesterday. It is probably the SA miner with the most non-SA mine assets. It is a consensus BUY. If you're going to choose one mining stock this is surely a good choice, and possibly a good time?
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