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
drdgold limited
re: why is drd running? Falling Rand .... and rising POG will...
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