This is the most erratic gold share around. Im not sure why its gone down so excessivly, but what I can say is that gold is likely to come off or at least go sideways for a while and the gold stocks will likely succumb to profit taking. I wouldn't be surprised to see DRD hi R4. I will start buying again at that level. I think the question is are you talking shares, installments or SSF's? If you are holding shares and you are holding them long term I would personally not worry as gold is in a bull market and ultimately this will lift the gold stocks. That said DRD seems to have very little correlation to the gold price, simply overlay a gold to DRD price to confirm this. In short I believe it will go higher in time, how much time I have no idea.
Busy morning on DRD, deep opening gap nearly closed, bounced from 350c to 410c on small size trades. Without some significant interest from here I would expect a retest of 350c more probable than much more upside.
After he's finished barking and chasing after cars..the dog always comes back home. and that is the 200EMA. I normally supercharge him on the return journey with the instalment.and we all happy in the end!
Oh yes, going down to 300c, long term support trend per my chart suggests. Precipitated by bad sens on monday, tripped my SL at 421c. I thought there might be a nice little upswing b4 the next downside drift .. wrong .. again!