Skaaptjop, do you think our gold industry is safe with the current government? With the news I've heard about future nuclear power stations being built in SA and the Russians operating it. For all you know the Chinese might be given control over our gold mines and leave us with nothing.
There is still the Greek parliamentary vote to go , with the" no "referendum , could be a sharp but short sell off before the parliamentary decision closer to the 48 000 level. Rate hike still in the mix....so lots opportunity for trades and lots more for investors. I am still overweight in Cash. The Greek or PIGS issue is not risk but opportunity I think
OK guys, so what your telling me is that the XL gold cycle is just a myth and that Dr. Roffey is on to something with gold which is not there. All I know about investing or trading is that if something goes down it sure as heck must get up again.
@Trader - if something goes down - there is absolutely no rule to suggest it must go up again. That is why we have stop losses. Because things can keep going down. If you don't believe me - why not study the ABIL share price. Or, since you like gold so mu
@skaaptjop, point taken on the companies you pointed out. You should still do your homework when investing or trading in a single company share. But will this rule apply to commodities in general like oil and gold?
Crunch time. Can topi break through 47500 or is that the right shoulder? Across the seas can the Shanghai stay above 4000 or is that a huge right shoulder? Will the $483bn Chinese bailout do the trick?
So, ALSI came off just before 47711, possibly back into the 45000 levels to complete the reverse head and shoulders pattern( Elliot multiple corrective patterns). Lots opportunity coming up.....still overweight in Cash.