FinancialAdvisor's College Class (FACC)

[Emptyhead]

FA

Another guru with an analysis for all to follow,eh?

Not me


"That's not to say the South African gold stocks have bottomed. But they're certainly a better investment today than they were six months ago. I'm also not advocating buying South African gold stocks. I'm not convinced that the strength in the South African rand is behind us, and the combination of currency risk with the social and political risk in South Africa makes South African gold mining stocks unattractive in my opinion. But that's just my opinion"

To be honest I like my chances here and have stake a sizable position in DRDGold at .88 and plan to continue buying the dips. The logic for me is in the dollar. The dollar will strengthen this year. DRDGold is losing in South Africa because of the Rand,but this will change. Their diversification last year was a good move. Walking away from their North West mines was smart and will add value from their previous cash burn rate. Is it risky,absolutely. Overall,in the most simplistic thoughts,I like my chances.