Gold & Gold Stock Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 437.26

+3.8%

Jan 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gold$10k who wrote (36)	8/18/2003 6:57:14 PM
From: The Vet	Read Replies (1) of 29622

I have found Mineweb to be quite a reliable source of information especially on South African issues. DROOY is known as a marginal producer, which is why it is so highly geared to the POG. I traded it several times last year for good profits, but I do not have a position at the present time. I find that it is important to monitor both the POG and the SA Rand when trading SA miners such as DROOY as it is the Gold price in Rand that determines if they are mining at a profit or not. Providing the Rand doesn't strengthen DROOY will be great buying if gold exceeds $375 and it gets better if gold rises further. Below $340, I believe that DROOY is is serious trouble with a Rand/USD rate of 7.5 or stronger. Just my opinion and what I use to help determine my entry and exit points for DROOY.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next