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General Category => Shares => Topic started by: Moneypenny on September 19, 2013, 09:13:23 am

Title: Harmony (HAR)
Post by: Moneypenny on September 19, 2013, 09:13:23 am
Can't find a topic for this one.  Will move if there is one but:

HAR +11.28%
Title: Re: Harmony (HAR)
Post by: jaDEB on September 19, 2013, 09:41:56 am
Yes gold is very volatile, jumped from below 1300 to 1370 overnight. you can make some awesome money but you can also see your  >:( ss. In hindsight, I am disappointed in myself, I had SGL and I looked at them and there dividend policy. I bought lots, then panicked and sold, If I kept I would have been about better off. Now the question is, are we to late to climb back in gold, and if it drops (gold to 1280 & SGL to 10) do you buy or will it drop further.

Title: Re: Harmony (HAR)
Post by: Patrick on September 19, 2013, 09:46:33 am
Can't find a topic for this one.  Will move if there is one but:

HAR +11.28%

Nope there wasn't one. A good place to check is on the purchase page (http://www.shareforum.co.za/competition/com_purchase.php). If there's a thread already it'll have a link under the discussion heading.

Big day for HAR , but the investors could still be down if they bought 6 months ago, here's the comp stats:
Code   Name   First purchased at   Current price   Gain/loss   Total invested
HAR    Harmony GM Co Ltd    4540    3915    -13.77%    R1,690,227.99
Title: Re: Harmony (HAR)
Post by: Patrick on September 19, 2013, 03:37:26 pm
HAR +11.28%

Pocket change, check out central rand gold  ???

Title: Re: Harmony (HAR)
Post by: Moneypenny on September 19, 2013, 04:40:29 pm
HAR-HAR!
Title: Re: Harmony (HAR)
Post by: jaDEB on February 10, 2014, 08:26:59 am
Who else is thinkin what I am thinking....

Why would HAR be down so much, PE -11. Need to keep an eye on this 1.
Title: Re: Harmony (HAR)
Post by: Aragorn on February 10, 2014, 11:59:15 am
Who else is thinkin what I am thinking....

Why would HAR be down so much, PE -11. Need to keep an eye on this 1.
Remember, Harmony have shut down all production at one of their mines due to a tragedy.
Title: Re: Harmony (HAR)
Post by: jaDEB on February 10, 2014, 12:29:51 pm
Yes, read it, tragedy to say the least.
Title: Re: Harmony (HAR)
Post by: jaDEB on February 10, 2014, 03:42:58 pm
Please, keep the momentum going, please....  O:-)
Title: Re: Harmony (HAR)
Post by: aae on February 10, 2014, 08:28:41 pm
I hope you right there, have some personal funds in gfi and sgl
Title: Re: Harmony (HAR)
Post by: jaDEB on February 12, 2014, 05:46:46 pm
 ;)  :TU:
Title: Re: Harmony (HAR)
Post by: Orca on February 13, 2014, 07:31:03 pm
Take a look at this. This is why gold sucks.
Title: Re: Harmony (HAR)
Post by: Fundamental on February 13, 2014, 08:47:40 pm
Certainly looks overbought. Orca, what charting software do you use? I'm using Bloomberg which doesn't seem to have graphs for Gold spot prices :(
Title: Re: Harmony (HAR)
Post by: Orca on February 14, 2014, 10:25:48 am
I stole that chart. Reuters also don't have it.
Title: Re: Harmony (HAR)
Post by: jaDEB on February 18, 2014, 04:08:49 pm
http://finance.yahoo.com/news/net-gold-demand-slid-15-131256798.html



* Net demand at 4-year low as physically backed funds sold

* Heavy liquidation of gold funds easing off in Q1
 
* Jewellery demand rose by most since 1997 last year
 
* Heavy restocking seen in China, some gold scrap seen
 
By Jan Harvey
 
LONDON, Feb 18 (Reuters) - Net gold demand fell 15 percent in 2013 as huge outflows from physically backed investment funds outweighed record consumer demand but that disinvestment is tailing off this year, the World Gold Council said on Tuesday.
 
Massive liquidation of bullion-backed exchange-traded funds returned 881 tonnes of gold to the market last year, part of a 51-percent slump in investment demand to 773.3 tonnes, the WGC said, citing data from Thomson Reuters GFMS.
 
Expectations of a tapering in the U.S. bond-buying programme, which had boosted gold by holding down interest rates while stoking fears of inflation, helped drive prices to their biggest annual loss in 32 years.
 
That, in turn, drove demand for gold jewellery, coins and bars, which rose 21 percent to its highest ever at 3,863.5 tonnes, the WGC said, while overall demand slid to a four-year low of 3,756 tonnes.
 
With consumer demand expected to hold firm, gold prices might recover this year as selling from ETFs tails off, it said. Already this year, the largest gold ETF, New York's SPDR Gold Trust, has reported a small inflow.
 
"You're seeing a significant change in the behaviour of those ETFs," the WGC's managing director for investment, Marcus Grubb, said.
 
"Notwithstanding that the year is yet young, you are certainly going to see a much better year for investment and ETFs than you did last year," he said.
 
"The market is getting back to balance. Futures sentiment is improving too, with the increase in net longs back to nearly 10 million ounces. Overall, it leads us to think this will be a better year for gold than last year ... we expect to see a positive return this year," Grubb said.
 
"Unprecedented" amounts of gold flowed from Western vaults to Eastern markets, via refiners in North America, Switzerland and Dubai, the WGC said.
 
China overtook India as the world's biggest gold consumer, with overall demand of 1,065.8 tonnes, largely driven by a 29-percent rise in Chinese jewellery demand and a 38-percent increase in coin and bar buying.
 
Signs are that demand may match those levels this year.
 
"Demand post-new year is remarkably high," Grubb said "We had a 29-tonne delivery from the Shanghai Gold Exchange last week in one day, and a consistent premium in Shanghai - we expect on balance that China will be close to the same level of demand in 2014 as last year."
 
He said the difference between the amount of gold going into China and measured demand suggested that a lot of metal remained in the inventory chain, ready to meet demand.
 

JEWELLERY DEMAND HITS HIGH
 
China bucked the trend in developing markets for lower scrap supply - which fell 14 percent globally to 1,371.4 tonnes, its lowest since 2008 - to show an increase in recycled gold returning to the market.
 
"The surge in demand (in China) seen in 2013, with consumers making opportunistic purchases at lower prices, does increase the prospect of a resurgence in recycling should prices rebound with any conviction," the WGC's report said.
 
Globally, gold jewellery demand rose to a five-year high of 2,209.5 tonnes, the largest volume increase since 1997 and in India demand for jewellery rose 11 percent to 612.7 tonnes, while buying in the United States rose for the first time since 2001, to 122.8 tonnes.
 
Grubb expects the gradual improvement in Western jewellery demand to continue in 2014 as long as economic recovery keeps strengthening and lifting consumer's earnings.
 
Demand for smaller gold investment products such as coins and bars also rose 38 percent in China and 16 percent in India last year, with buying also rising sharply in Thailand, South Korea, and the Middle East, particularly in Egypt. Turkish coin and bar demand more than doubled to 102 tonnes.
 
Central bank buying fell to its lowest in three years, down by nearly a third to 368.6 tonnes. This was driven in part by the last year's price volatility, Grubb said.
 
"Effectively one of the reasons the slowdown happened was the increased volatility of the gold price, which is certainly looking better this year so far," he said. "That did affect these longer-term programmes last year."
 
"Overall we still think you'll see a strong year for central banks (in 2014), probably similar to last year."
 
On the supply side of the market, mine supply rose again by about 5 percent to 1,968.5 tonnes, a record high.
Title: Re: Harmony (HAR)
Post by: jaDEB on February 18, 2014, 04:46:51 pm
No, did not buy more. All cash is invested.

Mine- 100 % GLN    :TU:
Mine/Darrel/Other Darril - 100% HAR    :TU:
Other 1 - 100 % OCE    ::)
Title: Re: Harmony (HAR)
Post by: jaDEB on February 19, 2014, 05:33:36 pm
  :TU:
Title: Re: Harmony (HAR)
Post by: jaDEB on February 19, 2014, 06:25:58 pm
It all really depends on what gold is going to do, very volatile lately. But I hope gold stays at these level or go up at a slow rate, as far as I can see the lower gold price has forced a lot of miners to cut cost. If all falls into place yes, it was above R40 last year 23 August.
Title: Re: Harmony (HAR)
Post by: aae on February 19, 2014, 07:41:29 pm
at current pricing HAR and GFI still have some upside potential, they are major oversold. It gold continues its recovery, they should give some nice capital gains short to medium term.

SGL I think is a bit overbought, depending on tomorrows results, may be a time for a sell , bank profits and wait for it to drop back to a decent buy level.

But then this is my personal opinion and I win some and lose some. :)

I won some on sgl and lost some on gfi
Title: Re: Harmony (HAR)
Post by: Moneypenny on February 27, 2014, 09:24:28 am
jaDEB, I feel for you buddy. Chin up, we've all been chased by SL's before:



Title: Re: Harmony (HAR)
Post by: jaDEB on September 18, 2014, 03:43:39 pm
 :whistle:
Title: Re: Harmony (HAR)
Post by: erwintwr on January 28, 2016, 08:09:12 am
Yikes!

does anybody know. what the heck happened here?

26 Nov it was at R9.21, now it is 280% higher at R32.95 (60 days)
Not Even Zuma gave it a bump :o

(http://i.imgur.com/0p80YgK.jpg)
Title: Re: Harmony (HAR)
Post by: jaDEB on January 28, 2016, 08:50:11 am
26 Nov Rand/$ - R14.33
Now - R16.44

I fink Zuma did help them  :-*

heheheh  :'(  he helped DRD as well

Title: Re: Harmony (HAR)
Post by: erwintwr on January 28, 2016, 08:55:03 am
26 Nov Rand/$ - R14.33
Now - R16.44

I fink Zuma did help them  :-*

heheheh  :'(  he helped DRD as well


ahhhhhhhh yes - thought that graph look very  familiar.  matches the ZAR -> USD graph closely.  If only i knew that zuma was going to help them   :wall: