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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: POLARBEAR who wrote (168)	9/14/1998 10:48:00 AM
From: sea_urchin	Respond to of 472

Polarbearsan : My concern with Randgold's (not RANGY) chart is its present relative strength (or lack of it) compared to the other SAf golds. I checked all the gold shares that I know and all, except Randgold, are now either at or above their 200 day moving average. This, as you know, is considered the sign of a rising share. Randgold went up 50c SA last week (from R3-50 to R4-00 = 14%) but, over the past few weeks for example, the XAU has risen 40%. Furthermore, if you check the Bollinger bands, Randgold is on the lower band while heavyweight Anglogold is testing the upper. Overall, the chart of Randgold doesn't compare with Durban Deep or Harmony with which companies, as you know, it was once associated. When I invest, I like to see my "horse" at least keeping up with the field, if not the leaders. Randgold is lagging at the back. In fact, it doesn't even look like it's started to run. So, I'm suggesting that your optimism in this "horse" is misplaced. Maybe it has a broken leg! Arigato Sayonara Searle