Have faith ,dear hibiscus.For art GFI not near Major Short-term support at R120 ? ; and doth Gold not seem ready to Launch ?...Do save some Cashola for a short-term possibility of tail-down and discount-BUY...The Rand/Dollar also is supportive as at,limiting downside.The only extraneous factor - STRIKES...(No TA for that one,I'm afraid.)I shall hold mine,for it presents Value(below 70-wk MA) and there is clear Positive Divergence on the Weekly MACD...amen.
Can you Spot it ?....Go to the GFI weekly Chart on this Site and click on the 3-yr view....Can you see ?.The last time we had this Positive Divergence on the MACD(with nonresponsive price-action)..soon after,Yes,it Screaaamed Up.I'm talking ito Shares here,not SSFs.
Total attributable precious metal Mineral Resources, inclusive of Ore Reserves, increased by 40% to 251.7 million ounces and total attributable Ore Reserves increased by 44% to 93.8 million ounces. Both numbers are net of 12 months' depletion and include the acquisition of South Deep gold mine
I read the SENS and from there my posting, Hennie. Zarp the tecnicals indicate a buy at these levels for about a week now and I have topped up. The company is unable to contain costs on a sustainable basis. It seems that when gold is high and ZAR is weak, they go on a spending spree but is unable to turn aroung quickly when things get worse. Technically is still in it bull trend. How long can I have faith. I am long on underlying and warrants and burns
GFI is setting up a beautiful Double-bottom....before the Launch ! Golden-Eye don't blink now..Intra-day saw a healthy Buy-Volume stab at R117..MunchmunchPOPcorn...Thlurrrrp !-me-Ice-Fudge..###.Now if we can just get a Tail-down so me can Zap dat GFISBA....
No Pain No Gain,Bro...and since that last Downtrend sees breakout(albeit horizontal)....it just looks right.Especially,when the Mkt figures out just how rich that JCI/WAR unmined gold-ore is and Gold beats $682( just a hearbeat away.).Index Funds and Spreaders are Big-time LONG on Gold contracts, as at.( see the Committment of Traders report.)....and yes, the 10-yr US Treasuries( held by most Foreign Central Banks) is seeing serious Supply...thus Gold priced in Yen and Euro will see further Demand ....aaaaaand(deep breath)....the Dollar Index getting serious uphill at its 50-day MA....Sjoe !( OK that's it.)