Have a look at this Gold Fields(GFI) chart and notice that a bullish breakout is imminent.
Gold Fields (GFI) is reaching a very interesting juncture - it has been in a downtrend since July 2006 where it peaked circa 172 and closed Fri at 102 very close to the resistance line. What is interesting is the pullbacks from the downwards sloping resistance line are getting ever tighter and GFI seems to be at the cusp of breaking free from its grasp. Gold shares are known for performing phenomenally in tough times and were a stand out during the Great Depression of the 1930's - the Dow lost 73% vs some gold shares rising by over 400%
The sloping down trend could continue for a while longer although once the break occurs (which you could wait for) it should have significant bullish implications. This bullish downward sloping wedge has been in the making for 4 years plus, so expect a lengthy climb once the breakout occurs.
Anglogold(ANG) has been building a giant reverse head-and-shoulders formation and is also looking incredibly bullish. The upside potential is massive - easily in the R500's over the next few years.
The range since 2006 has been a R100 tight range from R260 to R360 with a brief sojourn lower to form the head in Oct 2008. The right shoulder has been forming beautifully and typically are shorter. Either wait for the breakout of R36/70 before buying or buy now in the midst of the shoulder formation and sit back and wait as I have been doing.
My punt for the next few tough years :)
Note: no-one is finding it easy and some legendary traders are packing it in (maybe before the ponzi nature is uncovered? Who knows.... lets see)
Good Trading
