2 replies to this topic

[SilentOne]

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

[TomD]

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

[SilentOne]

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.