Whenever the Rand decides to put in a top, S.A. miners should outperform. We're close. The falling price of gold in Rand has been killing these companies in the last year. Lots of talk on closing mines etc.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$zar,uu[m,a]waclyyay[df][pb50!h.02,.20][vc60][iub14!la12,26,9]&r=0863.gif
Inversely, the price of gold has probably bottomed in Rand.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$gold:$zar,uu[m,a]waclyyay[df][pb50!h.02,.20][vc60][iub14!la12,26,9]&r=4209.gif
I reentered HMY again today at the lows. Large blocks going through. Also own RANGY and DROOY.
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=rangy,uu[m,a]waclyyay[df][pb50!h.02,.20][vc60][iub14!la12,26,9]&r=7655.gif
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=drooy,uu[m,a]waclyyay[df][pb50!h.02,.20][vc60][iub14!la12,26,9]&r=2050.gif
cheers,
john
S.A. Rand
Started by
SilentOne
, Nov 11 2004 01:27 PM
2 replies to this topic
#1
Posted 11 November 2004 - 01:27 PM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
Posted 14 November 2004 - 07:30 PM
gold rand price just needs a bit more oomph to break out..
the rand chart itself is a spitting image of the USD dollar topping pattern
good chart...I think it narrows down which golds to add to
Health Canada has just released a study which shows that 100% of the population who have been exposed to whole milk products will die.
#3
Posted 15 November 2004 - 06:05 AM
Hi Tom,
It looks like the Rand is making one more thrust up. Upside is limited if the negative divergence holds here.
cheers,
john
Edited by SilentOne, 15 November 2004 - 06:07 AM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain