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Online Share Trading

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Will it hold?

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Contributor
I see GFI in deep waters. Below R100 ish not good at all. Whats the view on it. I cant see anything good here. Just that itis very low and it can go much more.
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It will bounce back once the market realizes that the new Peruvian president is more moderate than expected. The latest news coming from Peru suggest this.Also, several sources mention GFI as a good buying opportunity after the plunge. I wouldn't be too worried about it at the moment.
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Regular Contributor
Time to buy
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Frequent Contributor
buy buy buy
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Super Contributor
Im not so optimistic. There is a big disconnect between stocks and the gold price and I think gold is going to sit / drift slowly down until the end of the northern summer as it usually does. With no cue from the gold price why would the stocks move higher?
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Are you guys suggesting as a long term buy or a short term trade. Just have a look at the major gold shares 5, or even 10 year performance. You would have underperformed the majority of the Top 40 stocks considerabily. I really dont see any point in holding gold shares for the long term (sorry Dr. Roffey) If you are considering a short term trade, then it could be a different story.
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Super Contributor
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