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Community


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Online Share Trading

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Gold

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Wizard
Super Contributor
Without anyone predicting this morning Gold has inched over 650. That's 50 bucks in 2 weeks!
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5 REPLIES 5
Wizard
Super Contributor
Gold and oil seems to be moving together again. If oil goes to the 50 EMA with the current ratio between the two then gold should get to 675!
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Nick_1
Frequent Contributor
Fortunately for GFi both Gold and Rand seems to be moving in the right direction to prevent it from fall down a shaft (shafted). Personally their operating results were again mediocre, hedgebook close must have been very good news, but ultimately it's perhaps the billion plus in new shares to be issued that market's not liking! If the average 30 day price of recent is used then the new investors will be picking up good value....
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Nick_1
Frequent Contributor
Timing sucks as always. Here's gold marching on to 660 and the Rand to R7.30 and GFI is down 3%, heaven helps....
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CE
Super Contributor
True Nick, I got rid of this sucker and if I ever touch this dog again may Windhoek stop producing Windhoek Light...heavens forbid !!!
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Wizard
Super Contributor
Bad luck with the results...that's all
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