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Online Share Trading

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GOLD OR CONSTRUCTION or RETAIL TO CONSTRUCTION

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Benjamin_Frankl
Occasional Contributor
Will there be a move away from GOLD & more to CONSTRUCTION & BUILDING MATERIALS or will the move be away from RETAIL to CONSTRUCTION with GOLD remaining steady?
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5 REPLIES 5
Copper
Regular Contributor
Either way it means you need to get into construction. Some well respected genius in the financial community recently said "i dont see how murray and roberts will gain from 2010". As usual i always do the opposite of these 'men of vision' and already sitting on a 30% gain..
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Werner_1
Super Contributor
i'm looking at GRF, what do you guys think of it?
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Copper
Regular Contributor
I sold GRF at around R50...since then its been a bit lazy with some wild fluctuations, possibly due to some speculation and nervousness around investors. The chart isnt giving any kind of promising pattern that i can see(maybe an ascending base, but the 3rd is looking faulty). I'd just stick with my racehorse, BSR.. Perhaps the illuminati of the forum have some advice..
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barry_1
Super Contributor
Construction better, the advice above replies all good.Whatever u do don't go into gold now as it is strike season(workers wanting 12%,employers offering 6%).Almost all the gold shares are already working at whopping losses and cannot afford even six percent pay increase.Only URANIUM might save the day(no profit as yet).i'll only consider buying at a much lower prices.
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Day_Trader
Regular Contributor
Also looking at GFR. RSI hit buying button on 3 May while 7 and 21 day EMA crossover on 11 May at about R54. Not strong upside break but I would buy on market-nervousness around R52 and below.
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