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harmony

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etrader
Contributor
Any idea why Harmony is not moving like gfi.it use to be the other way around ???
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It has complete rand exposure whereas gfi is more diversified internationally.
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but that makes even less sense, since gold has cut back a lot since $1000 when gold shares hit all time highs, but in rand terms, it has held up pretty well? STB rates Harmony as a sell, with a Target price of 107, I don't know how they calculate that though
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I should have said it has complete south african exposure. Given our current trade deficit and the probablility of a pseudo commi or at the very least very leftist government in the near future together with a host of other domestic problems, investors are preferring something abit more diversified...at least this is what I'm picking up from the newswires....so don't shoot the messenger. adios!
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Nice rally on atm,up 3.5% the dow...2moro we cud see a big move on the jse
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Frequent Contributor
Gfi has been under performing Har for a while, me thinks its time to turn the cloths around. technically the interesting thing is GFI and ANG broke through resistance yesterday and formed new highs currently.There is a upside target of plenty!!!DRD is right at resistance which will be broked today and HAR is far from resistance.It has plenty to catch up but at the same time its a good opportunity to long. well its over sold and a good entry level will be today.
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