DRD Gold Analysis
A rise and fall from grace? It depends on your patience. DRD Gold struggles to maintain a share price above R 20 as it has slowly entered a down trend. Seems the gold rush has slowed which is ironic. Some say Gold and bitcoin have a like for like movement pattern but as Bitcoin has gone up, Gold has gone down. Direct effect on this stock of course. Overall gold as a commodity is still looking healthy despite the August - November slump. Possibly when the gold price goes up we can expect the same with gold mining company share price and if the opposite happens, the same rule applies. Long term share holders shouldn’t be worried but i wouldnt be too comfortable either as we know this industry if one of the most volatile. Trade safe.
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