GOLD FIELDS Gold fields a pull back is at play on the weekly chart a continuation to the upside is possibleLongby Sbo_Dhlamini2
GFI | Gold Field Ltd idea | Key Levels $NYSE:GFI GFI | Gold Field Ltd idea | Key Levels NYSE:GFI $18.75 trigger for GFI to hit $27/$37 support is $13.7/$9.64 Longby XDataAnalyst2
Our opinion on the current state of GFIELDS(GFI)Gold Fields (GFI) is a gold mining company that operates internationally, with only one mine in South Africa—South Deep. Acquired by Gold Fields in 2006, South Deep has been challenging to turn profitable, requiring a total investment of R32 billion (R22 billion purchase price and R10 billion development costs) over the past 14 years. Despite these difficulties, South Deep holds one of the largest unmined gold resources globally, and the company is determined to make it a success. Gold Fields collaborates with an independent power producer (IPP) to establish a 50MW energy project in South Africa. Over the last two years, the company has invested $502 million to ensure that its Damang and Gruyere operations maintain an annual production level of 2 million ounces for the next decade. Recent cost-saving measures have reduced South Deep's costs by R800 million and capital expenditure by R400 million. Gold Fields is also focused on developing the Salares Norte gold mine in Chile and intends to list on the Toronto Stock Exchange while adopting a policy of paying out 30-45% of profits as dividends. The extensive investment in South Deep is starting to yield results, with production anticipated to increase by 25% over the next four years. In its financial results for the year ending December 31, 2023, the company reported headline earnings per share (HEPS) of 94 cents (USD) compared to 119 cents in the previous year. The rand/US dollar exchange rate weakened by 13%, and debt increased by $320 million to $1.024 billion. For the first quarter of 2024, Gold Fields reported attributable production of 464,000 ounces at an all-in sustaining cost of $1,738 per ounce. Production was affected by adverse weather conditions and operational challenges at the Gruyere, St Ives, South Deep, and Cerro Corona mines, resulting in a YoY drop of 18% in production. Gold Fields remains a volatile commodity investment due to fluctuations in the global gold market, but it has maintained an upward trend over the past five years. It remains a valuable yet unpredictable commodity play.by PDSnetSA0
Real yield in uptrendThe weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.11:35by FXCM2
🏷️ Gold Fields (GFI) Trade Setup 🏷️📈 Analysis: Company Overview: Gold Fields, a gold producer with reserves across continents, benefits from favorable exchange rates and gold prices. Market Sentiment: Strong institutional accumulation by firms like Invesco Ltd. and Deutsche Bank indicates confidence in the company's prospects. Technical Analysis: Entry opportunity identified above the $12.50-$13.00 range, with bullish sentiment indicating potential upside. 🚀 Trade Setup: Entry Point: Consider entry above the range of $12.50-$13.00. Target: Upside target set in the $23.00-$24.00 range. Stop Loss: Place stop loss to mitigate risk. 📊 Note: Conduct thorough research and consider market conditions before entering the trade. Keep track of key developments and adjust the strategy accordingly. Longby Richtv_official6
Our opinion on the current state of GFIGold Fields Limited, with its single mine in South Africa, South Deep, represents a significant player in the international gold mining landscape, albeit as a relatively high-cost operator. Acquired in 2006, the company has since invested a substantial sum in an effort to turn South Deep into a profitable venture. Despite being labeled as the "world's most expensive long drop" by Brett Kebble, South Deep's vast unmined gold resource positions it as a key asset for Gold Fields. The company's commitment to reducing operational costs and capital expenditure at South Deep, alongside its development of international operations such as Damang and Gruyere, demonstrates a strategic approach to ensuring long-term production stability. The focus on bringing the Salares Norte gold mine in Chile into production further underscores Gold Fields' strategy for growth and diversification. Gold Fields' decision to list on the Toronto Stock Exchange and adopt a dividend policy reflects a confidence in its financial and operational future, despite the setback with the failed acquisition of Yamana Gold. This move, along with the disposal of its interest in the Asanko gold mine, suggests a proactive approach to portfolio management and capital allocation. The company's results for the year ending 31st December 2023, with a decrease in headline earnings per share and an increase in debt, highlight the challenges faced by the mining sector, including fluctuating gold prices and exchange rates. However, Gold Fields' upward trend over the past five years, despite its volatility, indicates a resilience and potential for growth within the gold mining industry. Gold Fields' journey, characterized by significant investments, strategic acquisitions, and operational challenges, reflects the complexities of the global gold mining sector. Investors and stakeholders will be closely watching the company's progress, particularly in its efforts to optimize South Deep and expand its international footprint, as it navigates the volatile commodity markets and strives for sustainable growth and profitability.by PDSnetSA0
Our opinion on the current state of GFIGold Fields, an international gold mining house, operates primarily with its challenging yet significant asset, the South Deep mine in South Africa. Acquired in 2006, South Deep has been a major focus for Gold Fields, which has invested R32 billion into making the mine profitable. Despite the mine's depth and technical complications, its vast unmined gold resource drives the company's commitment to its development. Gold Fields has also engaged in efforts to reduce its dependency on Eskom by partnering with an independent power producer (IPP) for a 50MW project in South Africa. Additionally, the company has allocated $502 million over two years to ensure its international operations at Damang and Gruyere can sustain production of 2 million ounces annually for the next decade. Significant cost reductions at South Deep and strategic focus on the Salares Norte gold mine in Chile illustrate Gold Fields' proactive approach to growth and efficiency. The company has navigated labor relations effectively, securing a three-year wage deal in June 2021 with an average 6.5% annual wage increase. However, Gold Fields faced investor skepticism in May 2022 after announcing the acquisition of Canadian company Yamana Gold in a deal valued at approximately R103 billion, leading to a 20% drop in its share price due to concerns over dilution and the acquisition price. Despite initial resistance from major shareholders and the eventual fallout of the Yamana Gold acquisition bid in November, which paradoxically led to a 20% share price increase, Gold Fields remains focused on growth and shareholder value, as evidenced by its adoption of a new dividend policy. For the first half of 2023, Gold Fields reported a slight decrease in gold production and a dip in HEPS, reflecting challenges in maintaining production levels, particularly at Damang. The third quarter of 2023 saw further production declines, especially in Ghana, as part of the planned reduction at Damang. The disposal of its 45% interest in the Asanko gold mine in December 2023 marks another strategic move, albeit with the company projecting a decrease in HEPS for the full year of 2023. Despite the volatility associated with the gold market and operational challenges, Gold Fields has demonstrated resilience and strategic foresight in navigating the complexities of international gold mining. The company's long-term investments, particularly in South Deep, and its strategic adjustments reflect a commitment to sustainable growth and operational efficiency. Gold Fields remains a significant player in the gold mining sector, with its performance closely tied to the fluctuating international gold prices, making it a potentially rewarding but volatile investment option.by PDSnetSA0
GOLDFIELDS - Long IDEA Taking an initial position long on Goldfields here with a tight stoploss. I will add on a successful break of the R254 swing high if we get there. A decent cup & handle in the making with a good risk /reward ratio. Stoploss and final take profit on the chart .Longby Trader-Dan224
GOLDFIELDS - Area of InterestGoldfields has retraced back into an area of interest R254-R240 There is also the up trending 200ema at R248. I will be looking for signs of support here to initiate a long entry. A move back to close gap at R290 would make for a great first target. Longby Trader-Dan1
Our opinion on the current state of GFIGold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described South Deep as, "The world's most expensive long drop...". South Deep is 3 kilometres deep and a very difficult mine with many technical complications, but it is the second largest unmined gold resource in the world - hence Gold Field's persistence. Gold Fields is working with an independent power producer (IPP) to build a 50MW project in SA. The company has spent a total of $502m over the past two years to ensure that Damang and Gruyere (international operations) would produce 2 million ounces a year for the next ten years. South Deep now has R800m less in costs and R400m less in capital expenditure. The company is focusing on bringing the new Salares Norte gold mine in Chile into production. On 11th June 2021 the company announced that it had reached a 3-year wage deal with the National Union of Mineworkers (NUM) and USASA for an average 6,5% wage increase per annum. On 31st May 2022 the company announced that it had acquired Canadian company, Yamana Gold, in an all-share deal worth about R103bn. The announcement caused Goldfields share price to drop 20% because of the impending dilution and the fact that the company is thought to have over-paid for this investment. By 13th June 2022 two major shareholders of GFI were objecting to the transaction. On 11th July 2022 the company said that it would list on the Toronto Stock Exchange and that it would adopt a dividend policy of paying between 30% and 45% of profits out. The CEO, Chris Griffiths said, "The acquisition of Yamana represents the culmination of many months of assessing the best option to accelerate Gold Fields’ growth strategy and deliver long term shareholder value. Having explored both organic growth and bolt-on acquisitions, moving now to complete this transaction is the best opportunity for both speed of delivery and value to accelerate the next phase of the company’s growth". Its protracted investment in South Deep is definitely beginning to pay off with output expected to rise by about 25% over the next 4 years. On 9th November the company announced that its bid to purchase Yamana had fallen through. The news sparked a 20% gain in GFI's share price. In its results for the six months to 30th June 2023 the company reported gold production down slightly at 1,154m ounces. Headline earnings per share (HEPS) fell to 51c (US) from 58c in the previous period. The company said, "Attributable gold equivalent production for H1 2023 was 1,154koz, a 4% decrease YoY (H1 2022: 1,201koz), underpinned by the planned decline in production from Damang". In an operational update for the 3 months to 30th September 2023 the company reported production of 542 000 ounces and an all-in sustaining cost of $1381 per ounce. The company said, "Group attributable gold-equivalent production for Q3 2023 was 9% lower YoY at 542koz (Q3 2022: 597koz) and was 6% lower QoQ (Q2 2023: 577koz). The largest decline in production volumes YoY was reported in the Ghana region, which in line with the mine plan is reducing production volumes at Damang". On 21st December 2023 the company announced that it had disposed of its 45% interest in Asanko gold mine for a combination of cash and equity. Technically, the share is very volatile and subject to shifts in the international price of gold, but it has been in an upward trend over the past five years. It remains a volatile commodity play.by PDSnetSA1
GOLDFIELDS - Blue SkiesThe stock has broken resistance at R277 and has now opened the gate to target R300 => swing high. Bulls will want to defend any pullbacks that may come to test the breakout level. MACD positive crossover.Longby Trader-Dan221
Our opinion on the current state of GFIGold Fields (GFI) is a relatively high-cost international gold mining house with a single mine in South Africa - South Deep. South Deep was bought by Gold Fields in 2006 and it has struggled to make the mine profitable, pouring in a total of R32bn (R22bn purchase price plus R10bn in development costs) into it over the past 14 years. Brett Kebble once described South Deep as, "The world's most expensive long drop". South Deep is 3 kilometres deep and a very difficult mine with many technical complications, but it is the second largest unmined gold resource in the world - hence Gold Field's persistence. Gold Fields is working with an independent power producer (IPP) to build a 50MW project in SA. The company has spent a total of $502m over the past two years to ensure that Damang and Gruyere (international operations) would produce 2 million ounces a year for the next ten years. South Deep now has R800m less in costs and R400m less in capital expenditure. The company is focusing on bringing the new Salares Norte gold mine in Chile into production. On 11th June 2021 the company announced that it had reached a 3-year wage deal with the National Union of Mineworkers (NUM) and USASA for an average 6,5% wage increase per annum. On 31st May 2022 the company announced that it had acquired Canadian company, Yamana Gold, in an all-share deal worth about R103bn. The announcement caused Goldfields share price to drop 20% because of the impending dilution and the fact that the company is thought to have over-paid for this investment. By 13th June 2022 two major shareholders of GFI were objecting to the transaction. On 11th July 2022 the company said that it would list on the Toronto Stock Exchange and that it would adopt a dividend policy of paying between 30% and 45% of profits out. The CEO, Chris Griffiths said, "The acquisition of Yamana represents the culmination of many months of assessing the best option to accelerate Gold Fields’ growth strategy and deliver long term shareholder value. Having explored both organic growth and bolt-on acquisitions, moving now to complete this transaction is the best opportunity for both speed of delivery and value to accelerate the next phase of the company’s growth". Its protracted investment in South Deep is definitely beginning to pay off with output expected to rise by about 25% over the next 4 years. On 9th November the company announced that its bid to purchase Yamana had fallen through. The news sparked a 20% gain in GFI's share price. In its results for the six months to 30th June 2023 the company reported gold production down slightly at 1,154m ounces. Headline earnings per share (HEPS) fell to 51c (US) from 58c in the previous period. The company said, "Attributable gold equivalent production for H1 2023 was 1,154koz, a 4% decrease YoY (H1 2022: 1,201koz), underpinned by the planned decline in production from Damang". In an operational update for the 3 months to 30th September 2023 the company reported production of 542 000 ounces and an all-in sustaining cost of $1381 per ounce. The company said, "Group attributable gold-equivalent production for Q3 2023 was 9% lower YoY at 542koz (Q3 2022: 597koz) and was 6% lower QoQ (Q2 2023: 577koz). The largest decline in production volumes YoY was reported in the Ghana region, which in line with the mine plan is reducing production volumes at Damang". Technically, the share is very volatile and subject to shifts in the international price of gold. It rose sharply since the beginning of March 2023 in line with the higher US dollar price of gold and has been falling since 4th May 2023. It remains a volatile commodity play.by PDSnetSA2
GOLDFIELDS - 💛 Area of InterestGold has been experiencing a strong rally on the back of global fears. The stock has rebounded back to a range of interest, R262-277 RSi is stretched here into overbought but it can remain there for a while so I'll be watching the daily price action to see if there are any signs of weakness. If bulls push through here, we likely target R299-R312 by Trader-Dan1
Inverted Cup & Handle Signals Downtrend for GoldfieldInverted Cup & Handle Signals Downtrend for Goldfield 1. Price Formation: The price has broken out from an inverted Cup &Handle price formation on a daily chart. Bearish sentiment. 2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200) 3. 200-day Moving Average is below the Price. 5. Relative Strength Index (RSI): The RSI is < than 50. 6. Price Target:R129.75 Goldfields The company Shortby SahleUpdated 221
Goldfields Rejection at 2OO Moving AverageGoldfields is in a time to have a daily high, we see here price being rejected at the 200 day moving average, we can expect a move downwards and lower than R213.76. Of interest is the area where 2 trendlines intersect, the retracement from there can be expected to be weaker with possibility of meeting 200 day moving average and horizontal blue resistance before continuation downwards.Shortby runyamhereUpdated 1
GFI, Main GOLD-Gem, Essential POTENTIAL, Important Indications!Hello There! Welcome to my new analysis of the potential high-accelerator gold-gem GFI, I recently spotted and analyzed. With GFI it has to be mentioned that GFI is a stock in the market that can unfold its appropriate potential when the current ongoing gold-backed currency system implementation is backed by the necessary technology and high-tech implementation as well. When such a dynamic is adopted with the appropriate setup, supply-chain adoption, and disdain of outdated technologies then there is a chance that GFI also accelerates faster than the actual price-action indications and the actual trend is backed by fundamental factors which is in many cases essentially a noteworthy added value to a stock. Nonetheless, GFI besides these underlying indications also forms important charting price-action indications that I have spotted and analyzed. When looking at my chart it is seen that GFI is trading within this major ascending uptrend channel in which it already had several support levels confirming with important bounces towards the upside and now GFI also had the ability to confirm the 100EMA and 45EMA as important supports in which GFI bounced several times and already formed an important bullish EMA crossover. Also, GFI already bounced several times within the orange structure support zone marking the main support zone together with the EMA supports. What is the most important part of the whole structure GFI is forming here is this main broadening-wedge formation that is already in the final completion stages and is going to be finally completed with a final breakout above the upper boundary as it is marked. This is going to activate the upper target zones within the upper boundary zones as marked. In this case, it will be highly determined when the necessary technology-backed gold-backed currency implementation moves forward appropriately because this is going to have an underlying bullish effect for GFI in which the price action can advance faster and complete the main formation faster. Thank you everybody for watching my idea about GFI. Support from your side is greatly appreciated. VPby VincePrince555
GFI: some upside potential?A price action above 23500 supports a bullish trend direction. Further bullish confirmation for a break above 24900. Remains above its 200-day simple moving average. The target price is set at 26500. The stop-loss price is set at 22400. Might aim for its 38.2% Fibonacci retracement level. Longby Peet_Serfontein0
GFI CallBuy GFI Sep-15-23 $13 Strike Calls @ $0.85 Limit to Open Price is at a really important support, oscillators oversold, good upside margin for Sept expiration.Longby emperiusUpdated 1
Gold fields not that glistening right nowInv Cup and Handle pattern has formed on the daily. We've had the price break below the Brim level but only barely. As a conservative trader, we'll need a stronger break down before there are any fireworks. So I'll be watching this one carefully. Other indicators show upside to come. 21>7 (Bearish) Price >200 (Price heading towards it). RSI<50 (Sell divergence) Target R156.86 ABOUT THE COMPANY Gold Fields mining company, a South African gold mining firm. Company Background: Gold Fields Limited is a globally diversified gold mining company headquartered in Johannesburg, South Africa. It is one of the largest gold mining companies in the world. Founded: Gold Fields was founded in 1887 by Cecil Rhodes and Charles Rudd in what is now the city of Johannesburg. Operations: The company has operations in multiple countries, including South Africa, Australia, Ghana, Peru, and the United States. South African Operations: Gold Fields' South African operations include the South Deep mine, located in the Witwatersrand Basin. South Deep is one of the largest gold mines in the world and one of the deepest mines. International Operations: Gold Fields' international operations cover a diverse range of mines, including open-pit and underground mines in various regions around the world.Shortby Timonrosso1
$JSEGFI - Gold Fields: Five Waves Down, Relief Rally ImminentGold Fields had a stellar run from September 2022 rallying from 12662 to a new all-time high of 32652 in May 2023. This advance unfolded as a five wave impulse with wave ((v)) being extended which is common in commodities and commodity stocks. As expected after a five wave rally, a correction has been price decline from 32652 to a recent low of 23746 for a 27% decline. This sell-off has unfolded in five overlapping waves which fit the profile of a leading diagonal for wave A. There is not enough evidence yet that a bottom is in at 23746 for a relief rally but a correction for wave B is imminent.by Loyiso_BlaqueSoros_Mpeta1
Bullish Alert : GFIDaily chart. New Bullish alert without a real bearish price action. Possible fake breakout as already happened 4 months agoLongby TizyCharts2
GFI: Further upside potential?We saw the price make a new high before retracing back to the major resistance turned support level. Entry idea: Long/Buy Stop loss: R240.90 Target: R282.95 R/R: 1.5Longby Maboko112
Goldfields - Next level up- The stock is in the process of pulling back after a major rally which saw a high of R326 - Next major level is R247 where a "possible" relief bounce may occur. This is the previous break high and corresponds with the 20ema on the weekly. - I still see the stock pulling back to R210 and possibly R170 over the longer term but as always, i will trade it level by level.by Trader-Dan441