sth african golds in deep trouble, page-4

G'day Adam & Davcorr,

Sold my EMP on market for a tidy profit.

The ever strengthening rand and the weakening Randgold price has been bothering me for some time.

I know Roffey (and others) have been forecasting a weaker rand for some time - but it has not eventuated ... yet.

DRD is partially insulated from a weakening Randgold price via its Australasian exposure - hence its desperation to acquire EMP.

For my money, it's a tad too risky at the moment. I will await definitive signs of a weakening rand trend before I jump back into DRD. Sure, I may lose early profits by coming in late .... but, if the rand continues to weaken, or stagnates at current levels, the Sth African golds, including DRD, will find the going very heavy.

Good luck if you hold DRD / EMP