some big sellers have been offloading all gold shares. Gold rand is rallying and not affecting gold shares. I am sure we will soon see gold shares shoot 20% up! Gold has also bounced off support and on the move to 1100.
Gold currently hitting new all time high shot through 1070 to 1082 a bit earlier. Possibly broke through 1070 resistance like mad because India buying IMF'S gold? Anyway!!! - Rand still holding up nicely @7.95 now. GLD price is 8,565 ....WOW! (up almost 20% last few weeks - crazy stuff) I say 1-2 weeks GLD will be close to 9,000... When gold shares are going to take off, it will happen fast, very fast ;-P
my exit is at R100/share.. but i probably will hold for the long term as HAR payed off all its debt.. its increasing production...ts now a dividend paying company... its still trading at a major discount to my analysis.. so will probably exit when negative fundamentals come out regarding the stock.. whats your exit strategy?