Plan your trade, trade your plan
Will gold(-mining) behave and follow the bullish trend, maybe falling back
to a little over R 1,000?
And then surge up to over R 2,500 for a bit, before falling back again?
Or would it be more realistic to see gold moving up and down in a narrow band,
for a couple of years, just like it did over the past 3 years?
Remember, this is not just the gold price filtered through a dollar exchange rate,
but also mines subject to this country's labour force!
We hope gold stays bullish in ZA terms, and we wish to build our reserves over
the next couple of years.
And we won't be surprised to find ourselves selling at about R 2,200 and buying
at around R 1,550, every time gold bounces up and down..
WARNING : If anyone tells you this is an over-simplification and wishful thinking,
they're probably right! ...but this is helping us plan our gold :)