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I think we can agree to disagree. I'm a trader while you are a LTBH. There are times to hold long and this is not one of them IMO.Yes I think gold can go up from here, but I play the market for what I can get, and will only hold long when I get the right signals.
On Monday Harmony reports June 2002 quarterly results. Results will be screened live at 12:00 SA time (6:00 a.m. ET) on Harmony's web site at harmony.co.za . A conference call will be conducted at 11:00 a.m. ET. Visit Harmony's web site for details about participating in the conference call.
Back on May 7th Polarbear laid out the case as to why the June quarterly report could be astonishing. You can read the analysis here: gold-eagle.com One thing to keep in mind is that the POG has dropped from the price used in the article.
If Polarbear's observations come to fruition, I think Harmony's price should step up a few notches. Comments are welcome from all regarding the current validity of Polarbear's observations.
Today (Friday) may be the last day to buy into Harmony before the effects of the quarterly report are felt.