JSE:DRD DRD Gold Large Concerns Taking the OppertunityWith the increase in the gold price and especially the Rand price of gold there is interest in the sector. DRD Gold was not one of the favourite gold stocks for investors but there is a shortage on the market so investors are turning to what's left. With the markup starting, most of the gold stocks are showing ease of movement on low volumes but we are still seeing volume spikes on buying in DRD Gold. As investors see the value in Gold they are buying what they can. As a result, DRD Gold is showing a lot of strength. The latest attempt to pullback was shallow and the stride that has been formed in the markup is steep. With a good volume spike yesterday we can expect the price to markup the next step. See how this interest in DRD Gold has unfolded in the posts below.
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JSE:DRD DRD Gold TestingDRD Gold has dramatically lost half its value in about a week. However, after testing the bottom of the previous trading range it formed a higher high (HH) and could not stay below the yearly pivot point and 200 Day SMA. A strong reversal bar indicates an impending markup for the stock. Increases have been on volume indicating demand.