Ferdi Heyneke
Ferdi Heyneke
gold market moved next people pick price stay steady strong volatile week
The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to $530/oz. The market should pick up from next week as more people are at their desks.
driving gold heading positive price sentiment towards
With this gold price heading towards $600, positive sentiment is driving the sector.
guess market monday profit taking volatile
Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.
dip initially trend volatility
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.
change lower markets profit pull taking today
The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.
ahead due expected gains good higher platinum results stocks weaker
Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.
closed following higher market settle thursday
The U.S market closed higher on Thursday and we are following that trend, but I think things will settle down in the new year.
broader coming expect high volatility
I do not think this is a problem. They are just coming off very high levels... for the broader market, I expect to see more volatility and the fundamentals are still good.
against gold ounce pulled rand recent spike
Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.
christmas cut factors interest means people positive rand rates remain stronger
A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.
boost domestic nice update
That update and the one from PPC was a nice boost for domestic industrials.
despite positive rand remained strong
Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.
correction expected happen trend
This correction was long overdue and we all expected that it will happen at some stage, but the (upward) trend will not change, the fundamentals are still the same.
dip helped line market markets recovery weaker
There's a broad-based recovery in this market after Monday's dip in line with American markets and helped by a weaker rand.