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Online Share Trading

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GOLD IS KING IN 2008

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KVW
Super Contributor
How do you guys see DRD going this year I see by end March being 1300-1400
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5 REPLIES 5
Wumpus
Frequent Contributor
I've never made money on the share... no ways! I'd rather buy Anglo, Harmony, etc. I don't trust this share :) R14? You sound like some dr. I know... but wish I hadn't!!
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Werner_1
Super Contributor
what do you guys think of buying GOLD and not the miner, e.g. GLD (NewGold)?
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Ega
Super Contributor
At present up 25.9% DRD 28.2% GLD< My only holdings other than Sanlam and a 1 cent share I don't care to mention. :)
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AAR
Occasional Contributor
I agree. DRD is a loser and has never made real money. Look at the cash flow and see that they are WAY into the red. The only money coming in is from speculators buying their shares and that only over the last few months. I foresee a strong correction down based on the following: 1. The long-term trend is still down. 2. The medium term trend is down. 3. Only the very short term is up and that has pushed the RSI into the overbought region which tells me that a correction is due. The fact that the GOLD price is up cannot support a company that does not make real money, despite the fact that they mine gold - at a loss that is. The shares is not buying gold, it is buying the company.
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AAR
Occasional Contributor
I agree. DRD is a loser and has never made real money. Look at the cash flow and see that they are WAY into the red. The only money coming in is from speculators buying their shares and that only over the last few months. I foresee a strong correction down based on the following: 1. The long-term trend is still down. 2. The medium term trend is down. 3. Only the very short term is up and that has pushed the RSI into the overbought region which tells me that a correction is due. The fact that the GOLD price is up cannot support a company that does not make real money, despite the fact that they mine gold - at a loss that is. The shares is not buying gold, it is buying the company.
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