Gold surges up $10 on investors

Gold has gained over $10/oz as dollar and oil movements pushed it higher and investors became interested again.

Read Full article at FIN24.co.za

Resources up, the rest down

This battle left the Alsi basically flat down only 0.14%. The gold mining index gained 0.92% and the platinum mining index climbed 0.54% but the resources only gained 0.21%. The rest where down with Industrials being the biggest loser down 0.86%. Banks fell 0.76% and financials down 0.44%. The rand weakened by 2 cents against the dollar to trade at 7.10 while gold also traded lower at $637.65/oz.

Other Stats

Rand-Sterling 14.1410 0.50%
Rand-Dollar 7.1100 -0.26%
Rand-Euro 9.2679 0.40%

Gold 643.25 1.68%
Platinum 1167.50 1.17%
Brent Oil 53.61 1.73%

Current Trades

None but waiting with baited breath to get into Sasol (SOL)

Watch List

1)JSE CODE:NHM 5050 1.00%

SECTOR: Platinum & Precious Metals

Comment: Still trading way to close to its high of 5300. Will watch it for this week but am growing tiered of it.

2)JSE CODE:SOL 23199 0.52%

SECTOR: Integrated Oil & Gas

Comment: It traded up above 23100 so we are only 100 away from my target after trading below 23000 for most of the day. I still feel bearish about it but I am waiting for the bounce due to there results.

Tomorrow

It seems that our market is taking its lead from international markets so we have to keep an eye on what happens in the states tonight. Having said that I am getting my money ready to buy.

Moneyweb stock picks 2007

A list of the Moneyweb community's stock picks for 2007.

Read the full article on moneyweb.co.za

Positive outlook for platinum to 2012

RBCCM’s latest global PGM book, “Dirty Is the New Clean”, is out, with bullish news for investors

Read the full article at moneyweb.co.za

Property at prime less 3,5%

An easier and cheaper way to gear yourself to the hilt on property.
There seems to be a common misperception that the buy-to-let residential market is the easiest way to invest in property using the bank’s money.

Read Full article at moneyweb.co.za

SA economy roaring ahead

SA's leading economic indicator has leaped to 120.7 for November 2006 from October's high of 119.5, an indication that growth is still quite spectacular.

Read full artical at fin24.co.za

Rand recoups overnight losses

The rand has firmed to below R7.10/$, reversing losses sustained overnight when the market was caught short dollars.
Read full article at fin24.co.za