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Online Share Trading

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for the gold bulls

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SimonPB
Valued Contributor
September was the first ever monthly close above $700 for gold.
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16 REPLIES 16
Ega
Super Contributor
Hi Simon is this part of your interview on Money Web? Is that a typo or are you including DRD as good investment?

MONEYWEB: Right. And in ten seconds each, any view on what sort of gold investment would be a good one? SIMON BROWN: If you're a gold bull, NewGold DRD - it's nice and pure, there's no management issues, cost issues, it gives you direct rand gold price exposure.
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SimonPB
Valued Contributor
lol, no a typo. Remove the DRD from the sentence, then it's right.
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john_1
Super Contributor
Hey Simon you gotta love those Gold shares. Record monthly close and they are in the red AGAIN..
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yrg
Frequent Contributor
where can i get more info on the correlation between the GLD price and the gold price? With gold at $745 surely GLD should be at an all time high ?
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SimonPB
Valued Contributor
ya, an look at the plats. all time high at 1384 and ams +2.9%. That's waht you wanna see. the goldies we got ang off 5.3% and the other two off 1.3% ...
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SimonPB
Valued Contributor
yrg, gld is fixed to the rand gold price. all time high is around 5200c, currently at 5150/5158 due to strong rand.
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john_1
Super Contributor
About that richmont swap( number 4) 4 suggestions..PPC..Naspers..Tigerbrands..Mittal. What do you think?
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yrg
Frequent Contributor
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SimonPB
Valued Contributor
ppc already got. mla, ya that may be it. leaves me lotsa resources but that's where tis happening. otherwise ams
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john_1
Super Contributor
Agreed totally however I was looking for quality trading opp's in other sectors. Thing is I totally agree with the idea of having 4-5 shares.. I have always just used BIL. AGl. SOL. AMS. but all resourses.
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Ega
Super Contributor
Yrg, there is a perfect correlation, 100th of an oz of gold expressed in Rands minus a small premium for the bank, the problem being that the Rand is getting stronger against the dollar.

Me thinks the country prefers to have the Rand a little weaker and will buy dollars to do so. OMO
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yrg
Frequent Contributor
Thanks for the detail Ega.
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prof
Regular Contributor
simon,why does standard bank rcomend a sell for drd thanks
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john_1
Super Contributor
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SimonPB
Valued Contributor
because it is a hole with no hope? But in truth it is nt SB that suggests a sell, it is the Profile Media Consensus of brokers who say sell.
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casey2
Occasional Contributor
simon , ang off 6 % due to anglo american going to selling 61 million shares.
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