Right now there's one sector I'm particularly excited about on the JSE.
I recently banked a 150%+ gain from a share in less than 4 months in this sector, and I believe it has only started running.
I'm talking about Gold…
And while the shiny metal itself has delivered investors very good returns over the years, right now gold miners are in an even better position to profit.
Let me... ››› more
The rand is at R15.37 to the dollar - the weakest we've seen since the Zuma era. We can blame this on NHI, EWC or a string of other three lettered government policies that aren't business friendly.
But at the end of the day the whole world is running scared right now.
Thanks to the US trade war, negative bond yields in many European countries and increasing world debt.
In fact, for t... ››› more
Gold's been a form of money, an investment and a store of value for almost as long as modern day man has walked the earth.
Some argue gold is a barbaric relic that no longer holds the monetary qualities of the past. They say paper currency, or electronic currencies such as Bitcoin, are the assets of choice.
But the fact remains that gold has been a very stable appreciating asset for centur... ››› more
It's been an interesting year for gold bulls. The downtrend which brought the yellow metal down to its dismal dollar lows of $1050/oz in 2015 has reversed and gold is once again making an assault on the $1300/oz level.
In the meantime, thanks to the uncharacteristically strong rand, which is now 13% firmer since January, the rand price of gold has pulled back to R17,442/oz from highs of above R... ››› more
Every year, between 1,500 and 2,000 miners apply for compensation from mining companies for lung diseases like silicosis and tuberculosis.
These diseases are direct a result of the mine workers coming into contact with dangerous chemicals in the mines.
In 2003, the gold mining industry promised that by 2013, there would be no new cases of silicosis among workers exposed for the first time ... ››› more
The time may be nearing to buy gold stocks.
Gold stocks have had a very rough ride since the price of the yellow metal started its decent. This means there are a lot of gold producers trading at fantastic levels.
So how can you buy the best stocks on the market once the price of gold starts to climb?
Read on to find out…
The relationship between gold and stocks
Over the past fe... ››› more
Over the last few years, investors stayed well clear of gold mining companies.
Gold producers peaked at the end of 2010. By 2012, they were heading swiftly lower. In November last year, it looks like the gold producers hit their low.
So what has changed now? And why should you consider adding some gold producers to your portfolio?
Read on to find out…
Why gold producers had such ... ››› more
There weren't many investments that did worse than gold shares last year. Gold shares really hit the skids, down about 35% in 2013... And down roughly 60% from their highs a couple years ago. Time to bail out? No, just the opposite. Read on to find out why…
Gold shares are down primarily because gold is down, Alexander Green in Investment U explains...
The metal peaked at $1,923 in April 20... ››› more
The Association for Mineworkers and Construction Union (AMCU) says it has issued notices to strike to three gold producers. This comes just as the union announced that it's to begin strike action on Thursday at the world's three top platinum producers. Let's take a closer look at what's going on…
Today, the Association of Mineworkers and Construction Union (AMCU) said that it is sending “str... ››› more
Last year certainly wasn't a good year for gold. The yellow metal saw 28% wiped off its value. But could 2014 be the year for gold to rally? The reasons are mounting up in favour of the price of gold recovering. Read on to uncover three compelling reasons why 2014 could be the year for gold…
After such a horrendous 2013, there are indicators that the gold price could be out of the woods, Peter... ››› more
Gold started 2013 at around $1,700 an ounce. By the end of June it had plunged to $1,200. After a late summer rally, it ended the year just a little above its low. If you believe market analysts, worse is to come. Moody's is the latest firm to trash the metal, setting a price target of $1,100. Goldman is even more pessimistic, forecasting a drop to $1,050. Read on to uncover where you could your c... ››› more
Yesterday, the JSE fell hard. Jitters have returned to world markets about when the US Federal Reserve (Fed) will start to taper its $85 billion a month stimulus programme. And with these jitters comes a reaction to cash in and run. Let's take a closer look at what happened on the JSE…
Shares on the JSE “suffered their biggest daily drop in almost six months” yesterday, reports Fin24. Gold... ››› more
As things stand now, mines can't control their labour costs.
Things are difficult for mining companies in South Africa thanks to the power struggle between various labour unions.
In fact, the negative effect of labour unions on the mining sector cannot be overstressed.
And now, even the big mines in South Africa are on a slippery slope.
They're struggling to survive!
And none more so than ... ››› more
For the sixth consecutive session, the JSE finishes in positive territory. The local bourse had a good day, boosted by the relief of the last minute lifting of the US government shutdown last night. The gold price jumped up over 3%, taking the JSE's gold counters with it. Let's have a closer look at the day on the JSE...
The JSE closed higher today thanks to a “3.85% rally in the gold mining i... ››› more
It was another bad day for the JSE. Mining and industrial shares continued to drag on the local bourse. With the US government still in partial shutdown with no end date, worries continue to affect global stock markets. Let's take a closer look at the day on the JSE…
Today saw the JSE close in negative territory for “the fourth session in a row,” says I Net Bridge. The “sell off in the m... ››› more
After hitting a record high yesterday, the JSE closed down today. The miners lead the way south. This was thanks to the gold price falling to a five week low. Let's take a look at what happened on the JSE today…
The JSE ended lower today, reports IOL. After hitting new highs yesterday, “the exodus from the country’s struggling gold producers” dragged down the local bourse.
The JSE Top... ››› more
Yesterday, the Chamber of Mines tabled a new offer to the National Union of Mineworkers (NUM), the union says. Both parties have not revealed details of the offer at this stage. Let's take a closer look at what's going on…
Yesterday, the Chamber of Mines submitted a “revised wage offer” to the NUM, reports IOL. Lesiba Seshoka, spokesman for the NUM, said that the new offer “will be the s... ››› more
The most basic argument for buying gold is that it is a little different to other assets. Unlike most investments, gold doesn't, and never will, produce an income or pay any dividends. In fact, gold generally costs you money - there's storage costs if you take physical delivery, or management fees if you buy through a non-physical method such as ETFs. But read on to find out why you should own gol... ››› more
Last night, gold miners began strike action. Earlier today, the National Union of Mineworkers (NUM) said it is now willing to lower its wage demands. Let's take a closer look at what's going on…
This morning, the NUM said it has told gold companies that it will “lower its wage increase demands,” reports Fin24. The offer of a compromise means that the “duration of a strike” could fall.
... ››› more
The Chamber of Mines confirmed earlier today that it had received a notice to strike from the National Union of Mineworkers (NUM). If the strike goes ahead, the miners will down tools from Tuesday's night shift. Let's take a closer look at what's going on…
The Chamber of Mines, which represents the gold producers, confirmed earlier that they had received a notice to strike from the NUM, report... ››› more
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