Why I think these gold shares could make 2019 the most profitable year of your life
In your playbook, I’ll reveal full details on how
• You can profit from the Gold rally with one of the JSE’s oldest gold producers
• Make 113% from a JSE Gold mining junior in 12 months
PLUS, I’ll also give you free access for 90 days to my Red Hot Penny Shares newsletter. So, you can see that these ‘double your money’ stock opportunities don’t just come round once in a blue moon but in fact I’ll send you one or two plays every month…
I’ll also give you access to my ‘Penny Stock’ Wealth Package (worth more than R2,750) to make 2019 the most profitable year of your life.
The G20 and the impact on the rand
Just to explain briefly, the G20 (Group 20) is an international forum for the central bank governors and the governments from 19 countries and the European Union.
The G20 is an annual event with a two-day gathering which has one goal - To discuss different policies to help create international financial stability and to foster global economic co-operation.
This year the main focus was on global economic risks and the trade standoff between the US and China.
In fact, at the G20,President Trump and President Xi Jinping came to an agreement to renew negotiations for a new trade deal. In the meantime, the US will hold back on new tariffs and China will buy more products from US farmers.
Thanks to this, we're seeing a boost of confidence in the US dollar while emerging market currencies (including the rand) weaken further.
The rich are leaving South Africa
More bad news continues to flood South Africa as a recent report by New World Health has revealed that the number of High Net Worth Individuals (HNWI) have decreased significantly as they have chosen to move abroad.
These HNWI are individuals with net assets of at least $1 million. Over the past year, the number of HNWI dropped from 43,600 to 39,200.
This is due to the uncertain political climate, increasing unemployment rate, the weakening rand and the ailing South African economy.
According to the report:
“Based on our estimates, around 3, 000 HNWIs have left South Africa over the past 10 years. Most of these individuals have gone to the UK, Australia, USA Switzerland and Portugal"
With the rich leaving South Africa, with their skills and assets, there is a poorer outlook and less confidence, which will cause investors to exit their current positions in the USD/ZAR and move into more stable currencies.
My next prediction for the rand is R15.10
Looking at the weekly chart of the South African rand, you can see that the price has been bouncing and climbing on a strong trend line (Blue Line) since the start of 2018.
Every time the USD/ZAR touches this line, it then bounces and sends the USD/ZAR price up. And right now, you can see that the price is touching this line, which means we can expect another bounce up.
The first target I expect the rand to weaken to is R15.10, which is the next strong ceiling level (Green Line).
Considering the above factors with the G20, with the rich leaving South Africa, and with the chart analysis, this gives us a good opportunity to profit from the next rise in the US dollar against the rand.
“If you want to make a killing from cryptocurrencies – read this book as FAST as you bloody can!”
I’d like to rush you a copy of my book, Crypto Revolution, right away.
Inside you will find everything you need to understand this financial revolution…
And take maximum – potentially life-changing – advantage of it.
Including the name of the coin I am calling “The Bitcoin Killer”…
A cryptocurrency that could ultimately climb 20,000% from where it sits today.
That’s the kind of move that turns R2,500 into R500k over the longer term.
You’ll get the name of that crypto…
My full case for why it could rise to become the #1 crypto in the world…
How we can profit from the rand weakness
There are two main ways you can profit from the fall.
You can either go long (buy) the USD/ZAR CFD and hold it until it hits R15.10.
Or you can simply wait for my next trade signal as I look to buying resource stocks like Anglo, Sasol, Kumba Iron Ore and so on…
“Wisdom yields Wealth”
Analyst, Red Hot Storm Trader