I must admit - I have started buying back into this thing. Some fantastic assets:- growth and low cost - no "real" exposure to South African operational environment but owns one of the world's last great deposits which happens to be in South Africa. Structured for an offshore listing with the concomitant re-rating. BUT, as ever, (how much)do you believe in gold?
The trend has been down for 10 years. With 200% rallies every now and again. Who knows with these gold things? Reversals are violent so you can't really wait for a traditional trend reversal. It's just a game at the end of the day.