Do your own research. Anybody trade any of these S.A. Miners?
Now might be the time...
Costs are in ZAR
Revenues in USD
Posted 03 April 2020 - 11:40 AM
Do your own research. Anybody trade any of these S.A. Miners?
Now might be the time...
Costs are in ZAR
Revenues in USD
Posted 03 April 2020 - 11:53 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Posted 03 April 2020 - 11:57 AM
Could this be a warning signal that gold itself is going to get smoked in the next few trading days/weeks due to deflation? Gold demand for jewellery in India and China has cratered, and investment demand is the only thing keeping precious metals afloat.
Posted 03 April 2020 - 11:58 AM
SA likely to go full Zimbabwe eventually...
When I was in Joburg, the term that came to mind was "Fortress City"...everything with high razor wired fences, even inside gated communities with AK-47 toting armed guards at the gate.
No way to live....
Once the ongoing white flight hits critical mass, the place will likely devolve into complete chaos
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 03 April 2020 - 12:00 PM
Welp how about HMY ?
Chart is essentially the same as the one posted above... only trading right now at 2.22.
I used to trade this one years ago.
Posted 03 April 2020 - 12:02 PM
I don't give trading advice...
But I"m looking at a setup where you balance some S.A. miners against DUST...
Posted 04 April 2020 - 12:27 AM
Reports say many mines are being forced to close because of the virus, but maybe a fix is coming for that. Armstrong has reported that the number of cases in China is way down from a few weeks ago and they are working on drugs or even a vaccine down the road.