I bought this share at R1,90 and is over 100% up and still thing this bull run is not over. And I do not believe we are experience dooms days or the end of the world. I also made good money out of Harmony that I also bought Harmony at R9,80. For how long is gold at R580 000 going to last an keep on pushing the share prices up. Must I thanked my good judgement or Zuma.
You honestly believe Jacob Zuma has influence over the gold price? How much influence over the global state of affairs do you think he really has? And yeah, you made money on your DRD trade - nice. But that is the nature of investing. Win some / lose others. Just win more than you lose - and as Simon says, plenty of people were singing the praises of gold stocks over the years, we don't hear them singing anymore.
Hi. Doing well thanks. I make a very seldom appearance in the chat room these days. I mainly used it in the past to learn things from it. But DRD is a such a crazy share....I won't miss to add my 2c worth in it. And I asked the old forum member SAASH to marry............and she turned me DOWN!! She says I'm too crazy for her.....damn
The Gold party is just beginning. The dollar index surged from 80 to 100 since mid 2014 in anticipation of fed normalisation (i.e. End of QE and US interest rates back to 3% to 5% and Fed shrinking balance sheet). All these where priced into the market at the end of 2015, however the market is now realising that the Fed is trapped. The deflationary monster will just grow bigger and bigger if they continue on the tightening trajectory. Yellen has two options, tighten and embrace a painful deflationary recession or lose credibility by cutting rates and MOAR QE in which case the gold will surge. I think the latter is more likely. The thing gold bears don't understand is that gold is NOT a hedge against inflation, it's a hedge against central bank credibility
Saash made a mistake not to marry me...doesn't listen! But she made another mistake too. She had a huge exposure to ABL. May 2014 I told her to get out of there. She didn't listen. August 2014 after I saw ABL going down and started texting her in whatsapp. Before I could finish she sent me a message...."Don't say anything!" ... the rest is history.