Show Posts

4546

Shares / Re: Gold & Gold Shares

« on: April 16, 2013, 04:40:04 pm »

Thanks Mr Bond,

I sold my SGL at R11.20, then bought DRD at R5.70, they produce gold at a lower cost and they are bringing results out 25th April.

I do not see this as long term, I just think that it is overdone. Thus I will sell shortly couple of weeks or so, irrelevant up or down.

PS. Do u not find the "other" site is more about C's lately, CFD's & CML.

4547

Shares / Re: Gold & Gold Shares

« on: April 16, 2013, 03:35:14 pm »

According to Clifford Bennett, chief economist at financial services firm The White Crane Group, the perception of gold among investors has changed but the forces driving the precious metal have not.

He says that once traders with short positions in gold start to unwind their bets, the price of gold should rally as quickly as it fell over recent trading sessions.

(Read More: Market Tumble an Overdue Reality Check? )

"I sincerely believe that the moment the now significant short position holders begin to take profit, that this market will rally at least 50 percent of the fall just seen, just as rapidly," Bennett said in a note.

Disappointing U.S. and Chinese economic news in recent days and fears that Cyprus, and possibly other central banks, could dump their gold reserves have fueled negative sentiment towards the precious metal.

Gold prices have plunged about 16 percent over the past week to hit a two-year low of $1,321 per ounce on Tuesday, later rebounding to $1,367. The market suffered its sharpest ever one-day slide on Monday.

In a bid to stabilize volatility in gold markets, the Chicago Mercantile Exchange Group said it has raised collateral requirements for trading in benchmark gold, silver and other precious metals futures contracts, effective at the close of business on Tuesday.

http://finance.yahoo.com/news/why-gold-bugs-still-hanging-114111520.html

4548

Shares / Re: Gold & Gold Shares

« on: April 16, 2013, 08:44:56 am »

Agree with you Mr Bond

Portugal could struggle to avoid a second international rescue even if it, alongside Ireland, is granted more time to repay its existing bailout loans by eurozone finance ministers meeting in Dublin on Friday.

4549

Shares / Re: Today's Outlook

« on: April 16, 2013, 08:21:23 am »

Quote from: Nivek on April 16, 2013, 07:47:06 am

Quote from: Moneypenny on April 15, 2013, 08:12:41 pm
So stupid then. 3:15pm bomb blasts in Boston, USA - curiously all 3 US futures up.

Also think gold should recover a bit, hopefully in not a false bounce..... i thought I had a crap day yesterday..

Hedge-fund manager John Paulson’s wager on gold wiped out almost $1 billion of his personal wealth in the past two trading days as the precious metal plummeted 13 percent.

4550

Shares / Re: Gold & Gold Shares

« on: April 11, 2013, 03:18:51 pm »

I agree Mr Bond, I hope that my SGL and DRD gets into profit. Then I will climb out. Saying that SGL I bought due to split from Goldfields and it has a PE of 2.5 and they indicated that they want to end up being 1 of the highest divvie payers. Also off course, I might think some1 in the east's finger is itchy and they might just, might just press red button.

4551

Shares / Re: To help the ShareChat guys find old threads

« on: April 11, 2013, 03:14:29 pm »

LOL good 1........

4552

Shares / Re: Gold & Gold Shares

« on: April 10, 2013, 02:30:49 pm »

Thanks Mr Bond, a financial oke on radio said that although the rand is strengthening in the short term, they predict it will be gradually weaken in the next couple of years. I have DRD and SGL which is Rand / Gold. But yes I agree with u, my investment is short term on these ones.

PS. WTF is Ms Moneypenny and Mr Bond doing things on same chat sites. R both u?

4553