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Harmony Gold Mining Company Limited (HMY)

NYSE - Nasdaq Real Time Price. Currency in USD
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2.4300+0.0700 (+2.97%)
At close: 04:00PM EDT
2.4000 -0.03 (-1.23%)
After hours: 07:30PM EDT
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  • E
    Elon's left testicle
    Do gold stocks ever do RS?
  • e
    elvis
    Good time and price to add HMY. Also, this undervalued and under ten-cent gold producer makes so much money on low grades of .22 GPT that Rio Tinto is major owner. New grades are multiples higher that will send production, cash flow and share prices soaring.
    https://richardacavalli.wixsite.com/greenplanetmicrocaps/why-rio-tinto-is-large-shareholder
  • G
    George
    down another 8% why?
  • V
    Victor
    HMY looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
  • j
    jeebenjee
    Their costs are in SA Rands and they are receiving strong usd so
    what’s the problem?
  • K
    Ken
    HMY dropping under 2 today ???
  • s
    slvmagic
    crapolla
  • B
    Becarde151
    Lost almost 1/2 their value. Nowhere but up from here. But I bet the conference call on the 30th didn't go well.
  • E
    Ethan
    Bad results as costs bite. Maybe a LT opp to add if it falls much lower
    Neutral
  • C
    Chimps
    I'm back in under three. The way I see it, the dollar is now at extreme levels and will reverse, taking equities and gold along with that reversal. So may as well as try to make the easy money right? I will not be holding this company long term. This is a trade opportunity as I see it.
  • T
    Tampai
    Runaway inflation is the name of the game. First they said no inflation. Then they said it was temporary. Then they said it has peaked? LOL Talk about a dumpster fire. If you are wondering why miners have been struggling its because investors/ gamblers have been swallowing the Federal Reserve B.S. about inflation. To add insult to injury people think this war is going to end next week. Even if; . . . . . do you think European Union will go back to old energy arrangements?

    Inflation has just began. Certain type of miners need inflation to soar. Gold/Silver needs inflation.
  • C
    Chimps
    Also right now HMY selling below the lower bollinger band. It will spring back.
  • F
    Fencer
    High volume this morning at the open. 1 million shares traded in just the first 10 minutes of trading, and now 4.4 million as of 10:35 am. This could be the capitulation we have been waiting for. If we can finish flat or positive, it could be a sign we probably hit bottom. I can't see stock going much lower..take a look at the 10 year chart and stock was trading in much higher ranges, in the $13-15 range between 2002-2008 when gold was $300-900 and ounce. The company has never been in as financially sound a position as it is today, with almost no debt and a gold price of $1800.
  • D
    David
    Global official gold reserves increased by 14.2t in December according to data released by the IMF. Healthy purchases from Turkey and Uzbekistan lifted gross purchases during the month. This marked the tenth monthly purchases for 2021. Turkey increased its gold purchases by 10.1t taking its gold reserves to 394.2t by end of the month. Uzbekistan added another 8.4t during the month after a sale of 21.5t during November. Kyrgyz Republic (1.1t), Czech Republic (0.4t) and Ukraine (0.3t) were the other notable purchasers during December. Gross sales during the month were concentrated amongst a small group of central banks: Kazakhstan (-4.8t), Sri Lanka (-3.6t) and Poland (-1.6t). While demand from central banks can, at times, be less predictable than other sources of gold demand – given it is often policy rather than market driven – we remain confident that the overall trend of net buying will continue into 2022.
    Bullish
  • K
    Ken
    See you over $4. Junior miners way oversold. Higher bids on gold will result in a correction to the upside for this sector
  • B
    BobMcLovin
    I have been following this closely and think we might actually repeat what we did June-July 2016 with a steep run-up to 4$ +. My original analysis indicated a 2$ price target however it seems that gld has held better than anticipated. With stocks this frothy a steep retrace in the coming month wouldn't be surprising together with a drop in the dollar. A combination of a stock correction, currency devaluation and a ~7-8% gld retrace could lead to the next leg up to the 1500-1600$ range. Gld seems poised to snap higher if it can break the downward channel, likewise a breakdown below would lead to a target of roughly 1360-1380 gld. Personally, it seems to me that we might break higher as GLD consolidates at the current level. https://www.tradingview.com/x/0SurZ4tE/
  • J
    Jason
    Some investors on here panic to easily, off no news. Gold is the place to be currently and aligns perfectly. This is like the opportunity in oil back when it crashed in the infantile stages of Covid. I believe HMY goes a lot higher and gold will also, but nothing goes up in a straight line and in the market… slow and steady wins the race and minimizes risk. These down days like yesterday are investors taking short term profits, since there scared to lose them. The market is a precise tool to take money from inpatient investors and transfer to the patient! HMY is a great investment in my opinion, coupled with the correct time to invest due to what’s going on in this world. Buy larger dips, get to your desired position you feel safe with and hold for the ride.
    Bullish
  • F
    Fencer
    Stock is down a little due to lower revised production in PNG due to a broken conveyor belt that needs to be replaced (6 Km long) and geotechnical issues at Stage 6 of Hidden Valley, bringing down overall production in PNG for the 6 month period. Overall full year production guidance for HMY is now 1.48-1.56 million ounces compared to an estimate of 1.54-1.63 million ounces.
  • F
    Fencer
    HMY traded down to $3.75 for a few days between Feb 17th and March 3rd, when gold had its last drop to 1685. Whats interesting is the HMY was down to the high 3's when Gold was at the same price as today, 1775-1785. It actually gained in value as gold dropped to lower temporarily before bouncing back. I think the same will happen. Maybe a little more pain and then a very strong rise back to $5-6 in the coming weeks. Earnings will be better as gold has been strong the past few months. I don't see any negatives, unless there is some political situation we are not aware of yet.
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