Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Newgold

Reply
boing
Frequent Contributor
Do you think there is still upside here or did I wait too long. Also, given the fact that it tracks the gold price in rand, does it also hedge you against rand weakness?
0 Kudos
3 REPLIES 3
Werner_1
Super Contributor
Rand weakness plays a important role. i think Gold can go much higher, some analysts are speaking of $1500, if the ZAR weakens it is a double benefit for GLD... i am long.
0 Kudos
kwagga
Super Contributor
Much more upside here.
0 Kudos
grandmaster
Frequent Contributor
Gold is due for a pullback me thinks.
0 Kudos