The Rand is against the ropes after renewed calls to nationalise the Reserve Bank by Julius Malema. Malema clearly hasn’t followed the demise of Argentina and recently Turkey after their central banks lost independence and credibility. 


International investors will most likely be paying close attention to weekend reports on expropriation of land, without due process being followed.  


Events that could cause market and currency volatility this week: 

The week ahead: 

Last week’s movers and shakers… 





Best Performers: ADI 11.3%; IAP 9.3%; ANH 7.8%; FFB 7.5%; SFN 7.4% 

Worst Performers: GFI -26.5%; TBS-19.9%; DRD -14.4%; SGL -11.7%; ANG -10.6% 


Other Economic data releases of interest… 


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Investors don’t take any currency risk, which is advantageous since the Rand has weakened significantly lately. Investors need a JSE brokerage account to participate. Minimum investment is R100,000. 


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Buy GFI for rally after pounding.  

Our proprietary market scanning software is highlighting GFI as massively oversold and implies a high probability of a rebound to the mean share price of R44.47. 


Weak commodity prices and confirmation of Goldfields commitment to South Deep, which is still loss making, have weighed heavily on the share price.  


Markets tend to overact; commodity prices have already improved and in the short term there is a high probability of a recovery to approximately R44.47. 


Buy GFI below R35.25 with a stop loss of R32,55 and a target price of R43.75.  

Be aware that gold stocks can be more volatile and adjust exposure risk accordingly.  


Short Term Ideas 


Long Term Ideas 

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