After a tremendous run recently, then a major fall yesterday, the JSE ended flat today. But technical indicators suggest that the local bourse may still be in overbought territory. Let's take a closer look at the day on the JSE…
The JSE “ended a see-saw session flat,” says IOL. MTN was one of the biggest movers down after the wireless operator “cut its full year target for new subscriber... ››› more
Washington's debt-default crisis gave China the perfect opportunity to taunt the US government, and the Chinese took it. Could China bring the United States to its knees without ever setting foot there, just by virtue of its ownership of more than $1.27 trillion in its debt? No. It's all smoke. Read on to find out why China won't dump US debt...
Economically, the Chinese are too far in bed with ... ››› more
The US dollar is the world's reserve currency. So the risk that the United States could default on its debt obligations alarmed the global financial system. And this could happen again at the turn of the year when the debt ceiling will be hit again. Let's take a closer look at how to protect yourself against the demise of the dollar...
The partial shutdown of the US government will have made cou... ››› more
Earlier today, China's National Bureau of Statistics released its gross domestic product (GDP) data for the third quarter of this year. That's the period of July to September. There was some hopeful news for commodities, industrial output was up. Asian stock markets lifted on the news. Let's take a closer look at what the data revealed...
Economic growth in China showed “the first rise in thre... ››› more
On the 24th of September, China made an announcement that saw the share price of an obscure miner, Avalon Rare Metals (TSX: AVL), listed on the Toronto Stock Exchange shoot up 11% overnight.
And not only this one company's price spiked—the many shares in its sector did… Now investors are rushing in to try and make a profit from the change in the outlook of a previously unprofitable industr... ››› more
The US government is in crisis. After all, the government failed to pass a continuing resolution to fund government operations on Monday. The US dollar fell. But many traders are wondering: "If it's such a crisis, why isn't gold doing better?" The last time we had this scenario, in December 1995, gold moved higher. But this time, gold tanked. Let's have a closer look at what's going on with the go... ››› more
The Kagiso Purchasing Managers' Index (PMI) fell sharply for the month of September. This sees the index at its lowest level for eight months. Strikes have had a severe affect. Let's have a closer look at what the data reveals…
South Africa’s PMI “fell to an eight month low” last month, says IOL. The strike in the “auto sector” is having a negative impact on “new sales orders”. T... ››› more
Buy ‘real' assets. This is an argument you'll often hear these days. With governments around the world printing money, there will be a lot more paper money than ‘stuff' in the world. So the ‘stuff' will only become more valuable. For investors, one very important category of ‘real stuff' is commodities. Read on to uncover the ins and out of commodities…
The big, big commodity that’s ... ››› more
This year, the gold price has taken a battering and is out of favour. But over the next 12 months and beyond, the gold price looks set to soar much higher again. Let's take a look at two drivers that will help slingshot gold to $2,000 and beyond…
It's time to invest in gold. The price of bullion looks set to soar, explains the US Money Morning’s team of experts...
The following two dr... ››› more
Earlier today, Richemont announced its sales figures for the five months to end of August. And the figures showed that the company is feeling the strain of weaker demand in China. Let's take a closer look at what the sales figures revealed…
With the company’s AGM taking place in Geneva earlier today, Richemont released its sales figures for the five months to the end of August before the mee... ››› more
The media is wrong about China.
You see, the media constantly reminds us that China is in the midst of a dangerous banking crisis.
If they had their way, this would make you afraid for your portfolio and worry that it is suddenly going to go bust... Taking the rest of the world with it and sinking your investments.
It's likely this is a load of twaddle.
Is this... ››› more
Earlier today, BHP Billiton released its results for January to June. The company saw profits drop. Let's have a closer look at what's weighing on BHP Billiton…
The world’s largest mining company, BHP Billiton, saw a “6.9% drop in second-half profit,” reports IOL. This was due to slower growth in emerging economies and a drop in metal prices.
Profits fell to $6.7 billion for the perio... ››› more
It emerged over the weekend that JPMorgan are part of an investigation by the US into corruption in China. Let's have a closer look at what's going on…
The spotlight is on JPMorgan for its “hiring practices in China,” reports Fin24. And rival banks will be “scrambling to review their records” to make sure they’re not next in line for investigation.
In China, “ties to political a... ››› more
The gold price has rallied this week. This has helped the JSE to record levels. But why this sudden turnaround in the price of the yellow metal? Let's take a closer look at what's going on…
Earlier today, gold hit “fresh two-month highs,” reports Fin24. A flurry of “buying from China and short covering after breaking through key technical levels” has pushed the yellow metal “to its b... ››› more
Last week the JSE hit new all-time highs as fears of a severe Chinese slowdown diminished. This cause a rebound in all sectors but resources in particular benefitted. Let's look at why it happened and what we can expect from the market next week…
The JSE resource sector has been trending lower for some time, but it’s exhibited rather extreme levels of volatility. As a whole, this sector has... ››› more
It doesn't take much of a crystal ball to see how the US Federal Reserve has been playing with the markets for months.
First they tell us stimulus will be wrapped up early.
Then we're told they will extend it.
Then they say it might wrap up early but if things continue looking like they do the Fed is ready to step in and INCREASE stimulus.
In short this has seen the markets very uns... ››› more
The JSE soared today as the gold miners rallied. This took the JSE to a new high. After a day off on Friday, the local bourse had a bit of catch up to do…
Gold mining stocks saw a fantastic rally today, which saw the JSE “close at a record high,” reports BDLive. Demand from China for gold, a low gold price and “gold counters playing catch up after recent major losses” helped spur the J... ››› more
My dad is a civil engineer.
For over 40 years he's been designing and building roads, bridges and pipelines all over the world.
But recently his work has been of a very specific nature.
He's been designing and overseeing construction of roads in various African countries. Not in major cities, but rather near developing mines.
The reasoning behind this is a major factor in the developm... ››› more
Yesterday, Nedbank said that it had joined forces with the Bank of China to help trade and investment flow between China and Africa. Let's have a closer look at the agreement between the two banks…
Nedbank has signed a “strategic business co-operation agreement with the world’s ninth-largest bank,” reports BDLive. This move cements the relationship between Nedbank and the Bank of China (... ››› more
Yesterday, global banking giant HSBC posted its interim results. But the results were short of analyst expectations. This led to losses in its share price. Let's have a closer look at what the results revealed…
British bank, HSBC, announced its half year results yesterday.
The bank said its net profits rose by 22%, reports IOL. This is down to “lower costs and falling bad debt charges”.... ››› more
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