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Goldfields

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MC
Occasional Visitor
Anyone know why goldfields dropping?
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28 REPLIES 28
Not applicable
Yes, I would also like to know...
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Frequent Contributor
Their operations in Chavez territory????
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Super Contributor
I think uncertainty in the current trading range of gold, might answer some questions. Gold is stuck between resistance at $620 and $570/580. It can go both ways, and most people it seems to expect it to go south. Gold needs to build a base at current levels, before I suspect it moving higher anytime soon. It seems that gold shares are discounting this risk into the current price, but I could be wrong. I'm waiting for a move above the $620 levels. If current $/R prices remain gold shares will shoot the lights out. omo
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Not applicable
sometimes the hardest questions have the simplest answers - GFI failed to break resistance and fell back... no conjecture, no doubts - just a simple explanation for a everyday market event....
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Super Contributor
I was just going to say "more sellers than buyers" but thought it was a bit terse ; )
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Super Contributor
Is there a simple answer as to when DRD will break resistance above 10?
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Super Contributor
no, nobody can tell the future. Only probabilities.
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Super Contributor
The TA association of SA would be proud of you with that remark Chartist.
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Frequent Contributor
Poeple are selling off their unwanted gold X-mas jewellery to gamble on BEG shares next week....black GOLD thats is hey Frank ??
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vusi_1
Contributor
Investors/Traders get into gold shares NOW, this wont get any better R 122 is Support , wont drop below this , almost sure of it even if gold loses more ground .... BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY ...
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Highlighted
Super Contributor
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Paribus
Contributor
Me thinks Vusi might be trying to talk up this share. So you're long then, hey?
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Super Contributor
Vusi, I think you're jumping the gun a little. I'll wait for confirmation before I get back into this one.
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vusi_1
Contributor
Guys ,guys ...Gold sector will be Huge 2morrow(Monday).. Will be looking to buy some warrants or Futures .. 1)Gold had Big Run yesterday , a proper run and 2)not nullified by the exchange rate ... 3)Whole gold sector oversold Bullish sign I hope i am right , Trading is not for the week ...
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Paribus
Contributor
You're right. With all the new people coming onto the forum it seems its more 'the flavour of the month'.
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Super Contributor
Is it only me that thinks HAR is a better bet at the moment?
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Super Contributor
No Barry, I also think HAR is the easier trade and got into HARDBI today. HAR turned exactly on a support line, and I figure the risk/reward is much better on HAR. I jumped the gun by one day on my indicator triggers, but it was pretty clear that they would fire based on today's move. My stop for today/tomorrow is at 9450 on the underlying.
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vusi_1
Contributor
looks like i am seeing by Ass ...Along with one or two others ,,,But it will have to turn soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooon. Any thoughts
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vusi_1
Contributor
Guys Gold is shot the lights out soon , 3 weeks I will be loaded
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