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Harmony under 80rand

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Not applicable
Is harmony a good buy under 80rand?? Will risk aversion come back into the market shor term??
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35 REPLIES 35
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Super Contributor
If you are risk adverse, would you not be selling a company that is losing money?
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Super Contributor
Short answer to that is yes, risk aversion will come back into the market short term. Reason - company results season. I be cautious with any gold shares right now.
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I believe gold shares to be a big buy for the next month.
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I think that if we have a pullback in the equity markets,gold could move back above that 900 dollar mark,and than a share like HAR could fly..no??But theres always the chance that yesterdays pullback was a slight correction and the markets could move higher from here..
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Well yes, but I am talking on a new low being made or a double bottom. May is previously not a good month, so chances are the next 6 weeks down as compared to the previous 6. Gold has the power to go to 990 again and the rand can go above R10, then work the rest out out? Should the market continue to rise for a 7th week then that is amazing - profit taking has to hit some time.
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Super Contributor
No reversal yet, but it will come ... patience is required
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Im looking to get in at around 75rands,and holding 1 to 3 months..target price of 100..
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Super Contributor
Why at R 75 ? Let me give advice. Go to http://www.321gold.com/editorials/chan/chan042009.html Look at the charts Mr Chan is using. Now go to http://stockcharts.com/h-sc/ui?s=vix&p=D&yr=2&mn=0&dy=0&id=0 and add GLD to the stock search and look at the exact same chart. Do this every day until like Mr Chan's chart you get a buy when the wires cross. Now buy Har and like before go to the same chart everyday until you get a sell signal, and then sell. Thumbsucking R75 for Har is not going to do the trick. Repeat steps 1-4 forever, and your chances of making money will be more or less in you favour over a duration of time.
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Been following Chan for 3 years now.....he goes for the meat rather than bottoms and tops. Never ever seen the man make a mistake!
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Super Contributor
The simplicity of it all makes it so great.
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Ag you guys talk a lotta ***** lol. You will all get in Harmony at 100, and them we will say told you so. Look at the rand weakening??? Gold bounced off 865 again.......heading above 900 this time
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why cant you say cr 'ap?
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There we go,,,, broke 900
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There we go,,,, broke 900
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Super Contributor
Newbee, 'tis seems you were right - did you buy a few today at R76.50
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you can still get in with HARSBI or HARSBJ for example. Can make around 300% in a month should go shares rise in May. Good punt I rate.
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lol you guys are all so quiet about this.... What amazes me is non of you will get into gold before it is so so so much higher. It looks like the market is reacting very well to the report sent out yesterday about Harmony. http://www.miningweekly.com/print-version/harmony-gold-debt-free-by-mid-may-with-r15bn-cash-2009-04-... http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-24_2505976 http://www.moneyweb.co.za/mw/view/mw/en/page1329?oid=287178&sn=Detail Now is the time to buy, buy on speculation, sell on fact!!!
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Told you people...I think gold is going to experience resistance at around the 920/930 level,a breakout above could push it to the high 900s..alternatively there could be some good news from the US today,durable goods/home sales..and then we will see gold come off as investors pile into equity..Trading this market,one will need to gamble..much easier if you got a longer term view..everythings cheap,buy and hold..
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Frequent Contributor
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