re: why is drd running?
Falling Rand .... and rising POG will see profits rise expotentially for DRD.
Two supportive analysts provide food for thought:
".... with the combination of buoyant USD gold prices and a falling Rand, gold in South Africa (SA) is poised to enjoy a concurrent double benefit at the same time, producing potentially explosive and exponential gains against comparative counter-measures, acting as a magnet once the true force of the trend becomes evident to larger percentages on the investing public. " ( extract from Dr Hook's latest, Gold Eagle web site)
AND .... this from Richard Russell's latest:
" With the South African rand now looking toppy, most of the S. African gold shares are looking better (remember, the S. Africans have been paying their miners with "expensive" rands and selling their gold for "cheap" dollars. A declining rand will therefore help S. African gold mine profits."
DRD Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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