Gold Fields Limited (ADR) (GFI)
A producer of gold and holder of gold reserves in South Africa, Ghana, Australia, Venezuela and Peru. The Company is involved in underground and surface gold mining and related activities, including exploration, extraction, processing and smelting.
Recs
Jstegma's (99.82 rating) pitch on ABX. I reprint it here, "There is a lot of dumb money in gold. The same sort of people who bought into the dot-com boom in 1999 and bought into the housing boom in 2006 and believed oil was going to $500 a barrel last summer.
Now it looks like oil is going to $5 a barrel and gold is going to $5000. Or maybe my friends the "dumb money" will continue their streak of idiotic rallies that end in tears."
Recs
Hit a high of 8.33 recently then dropped. Will probably drop a little more then begin another rising spell. And when all those printed dollars begin to rear their ugly heads? Gold will soar and with it the miners too.
Recs
Gold sucks ...
Recs
Now that the Chinese stock market is in tune again with New York and that it is going down, oil and gold won't be able to keep moving higher.
Recs
Gold Fields is going to have a rought patch coming up soon because of its exposure to the South African energy crisis, its gold mines in South Africa could be shut down for about a month which will drive down the stock price temporarily.

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