Gold stocks

[#1]

What's up with our local gold stocks, they have hardly moved an inch and the gold has sky rocketed. I if they can not perform when the enviroment is so condusive i can just imagine how they will perform when gold starts retreating, or are they generally lagging the market. ANY COMMENTS

[Big_Bucks]

I think the strong Rand is capping their movement

[555]

The fact that the Dollar is so weak is negating the effect of the high gold price. Which goes for oil as well. We would be in the ***** with this oil price if the Dollar wasnt looking so sad.

[Stock11]

Even if you factor in the dollar weakness, you're still left with a lot of value in gold. So I also ask the question, wasup with gold shares?

[SimonPB]

DMONEY, you're spot on. We can blame the rand but in truth it has to run deeper, the Rand gold price is at records - gold miners are way off their highs.

[SimonPB]

the other side of the coin
http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-25_2216917

[#7]

From the article: "The investment bank said it rates Gold Fields and Harmony "overweight", with AngloGold Ashanti and DRDGOLD as "underweight"." Do I interpret this right? We should rather buy ANG and DRD? Or is it the other way round?

[SimonPB]

other way round, more of har and gfi

[#9]

Thanks Simon. GFI especially looks very attractive, and even more so it we can see a close above R120.

[#10]

I took a bit of a gamble and bought a warrant (GFISBD) when GFI was trading at +-R119.50. Looks like the positive mining sentiment rubbed off onto GFI as well.

[jamoo]

patience is paramount. fundamentals are excellent. just relax guys.

[SimonPB]

fundamentals are excellent, huh? On gold stocks, not even close, surely?