After opening softer after yesterdays record high the All Share climbed up another 0.5% to end at 25572.390. This was due to a rise in the resource sector with Gold Mining and Platinum Mining ending 1.51% and 1.60% higher respectively. The Industrial 25 was also up 0.46% unfortunately the financials where down 0.49%.
The gold price rose 0.93% to trade at $653.75/oz but the key was the weakening in the Rand to trade at 7.2219 to the dollar.
Other Stats
Rand-Sterling 14.2298 1.64%
Rand-Dollar 7.2219 1.21%
Rand-Euro 9.3698 1.40%
Gold 653.75 0.93%
Platinum 1180.00 1.24%
Brent Oil 55.58 0.27%
Current Trades
Again nothing since I missed to boat. I will however have more time to scan for opportunities when the auditors leave me alone in my corner.
Watch List
1)JSE CODE:NHM 4801 -5.27 %
SECTOR: Platinum & Precious Metals
Comment: This is more like it! Will need to check the charts to see if my 4500 will be a good entry point.
2)JSE CODE:SOL 24515 1.31 %
SECTOR: Integrated Oil & Gas
Comment: Still holding thumbs for a pull back for me to jump on. The oil price seems to have support at their current levels so it is unlikely in the short term.
Tomorrow
Again I fly in the face of wisdom and call for a pullback in the short term but I am still bullish in the longer term
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