Monday, January 29, 2007

Goldfields presents buying opportunity

Goldfields’ price has been falling since July 2006, making a new low of R117.50 today. While it is still in a downward trend, the weekly chart suggests positive divergence.

According to my valuation, Goldfields presents value at these levels. Investors may buy into Goldfields at R110 - R118, using a small portion of their portfolio (gold stocks are by nature volatile).

Aggresive traders may buy at further dips in share price.

1 comment:

Anonymous said...

Dont expect this share to drop further than 116.00 if it does buy as many as you can ;-)