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Gold price at 674 US$ - why the negative sentiment?

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Regular Contributor
Too any gold-bull out there. Why is GFI at R109 when the gold price is at 674US$ and the exchange rate is at R7-10? Or is it the general pessimistic market that is dragging evertthing bar SOL down!?
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9 REPLIES 9
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Super Contributor
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Regular Contributor
CE - I know you think its a dog and I am beginning to think so too! She took me for 40k last year on warrants. This year only 4k in SSF's (at the mom).
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Super Contributor
Day Trader. Many forumites regard GFI as a "dog" share. I cannot give you a definate answer but it could be negative sentiment. Just Helping!
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Super Contributor
Gfi has been in a down trend for a very very long time. Gold prices have very little to do with gold miner prices and if you can't figure out why then stay away. In SA we all know of the great bull of the 1970 but that is also the age of melamine, platform shoes and Tie die shirts. So unless you are a tie die, bell bottom wearing dude with anarrow tie, brown suits and black rimmed glasses go look in other areas for cash. "cos times have changed my friend.
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Super Contributor
Agree J, hectic times lying ahead of gold producers in the years to come IMO. He who's got the gold, different story.
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pessimism rules the day -good reason to sell
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pessimism rules the day -good reason to sell
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agree GFI is a dog that wont bark soon
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agree GFI is a dog that wont bark soon
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