Over the past month I've warned you about how the ongoing issues with the emerging markets, the rising petrol prices and with a sudden change with the ANC cabinet, we've seen the rand to weaken back to R15.00 per US dollar.
This has resulted in the JSE collapsing over 14% in the matter of two months.
While the JSE was in free fall, I noticed that investors were starting to pile their money... ››› more
When the global Financial Crisis hit back in 2008, investors flocked to gold.
In fact, gold achieved the highest return out of all assets.
The same thing happened when September 9/11 happened in 2001.
My point is, gold was generally the go-to “safe-haven investment when crisis hit.
But if a major crash or recession had to happen tomorrow, do you think investors would flock to gold fo... ››› more
Since 2015, gold has climbed higher and higher.
From $1,047 up to $1,377. If you've been a Trading Tips member since then you'll know, almost every gold article in the last three years have been strong buy predictions.
And, they've been correct 90% of the time.
Today I have a new gold prediction…
I believe the gold rally has now come to an end.
It looks like it's in big trou... ››› more
I've been quiet about gold for a long time now.
In fact, for the last six years watching gold has been almost as fun as watching paint dry.
It's been moving in a sideways range between $1,050 and $1,400.
And it's taken this long to form a pattern, one that it's finally ready to break out of.
In fact, once it breaks out, I expect it to rise by at least 16%.
Doesn't sound like mu... ››› more
Two weeks ago I posted an article where I made a prediction on where gold is more likely to be going next.
The target I said was $1,550. At the time gold was trading at $1,305 an ounce.
If you missed it, you can catch up at the end of the article.
Since then, I've been overwhelmed by the number of questions you've asked me about this article.
Whether I'm checking emails, presenting at ... ››› more
Do you believe that January 2017 is almost over? It feels like yesterday we were celebrating the New Year to come.
And now, we're about to enter February! You know that feeling when you plan to do something and then you postpone it.
Well sometimes we need that kick in the butt to actually do it.
And that's why I am going to present the first Forex 101 Workshop 2017 early in February to g... ››› more
For years we've been reading some ridiculous gold predictions from experts. And when I say experts, I'm talking about the TOP banking analysts around the world.
“Gold is going to $6,000 in the next three years” “You can expect the gold price to go up 15,000% from here”
At that time gold was trading at $1,719, when these predictions were made. And guess what? Today gold is trading at ... ››› more
Gold is a funny creature.
When the stock markets perform well, you'll see gold sleeping.
When the economy is stable, the world at peace and there is nothing troubling in the media - it's like gold doesn't exist.
And what I mean by this is that, gold goes sideways.
But right now, as global turmoil rises, North Korea threatens a nuclear war, economies crumble as global debt accelerates a... ››› more
The gold price in rand terms just hit its highest levels since April this year.
It has averaged around R16,400 per ounce for 2017, with a spike to R17,600 in April following Pravin Gordhan's axing.
More recently, the rand has weakened following yet another unsuccessful vote of no confidence in President Zuma.
At the same time, the dollar price of gold spiked with tensions between the U... ››› more
If you haven't noticed by now, I don't get influenced by what's HOT in the media.
Last week I spoke about my prediction, where I believe the rand will weaken to R16.80. If you missed it, you can look for the article "I was wrong".
If you search MoneyWeb.co.za, the Star and Business Day live ,you'll see the media is bombarding readers on why the rand is expected to weaken.
I like to write ... ››› more
On 20 January 2017 Friday evening, Donald J Trump became the 45th president of the United States.
We saw the markets welcome the transition of power. But we also know the sentiment is fickle as weather.
In today's Trading Tips, and in honour of his inauguration, I want to look at three bearish (downside) trading set ups and one safe-haven gold trade.
These companies may ... ››› more
The JSE was up 3,6% last week, adding to gains from the week before. The All Share index is now up 5% in two weeks, Resources 8,2%, Industrials 4,6% and Financials up 1,3%.
January is known to be a month with larger moves than normal, double digit figures are quite common. Watch out for the reversal in February. 2016 was a case in point…
Commodity Prices were firm with good gains from Pla... ››› 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
Big Movers of the week
GOLD Stocks down 8,3%
The rollercoaster ride in Gold stocks continued last week, after bouncing the week before the Index was down 8,3%. Sibanye faired worst falling 13,7% while all the other major gold stocks gave up their recent gains.
MTN up 5,7%
Rebounding from lows, MTN was up 5,7% last week after a year of problems. The company has announced several heavywe... ››› more
I get this question asked, at every Forex seminar.
“How can I make money trading gold?”
In the olden days, if you wanted to trade gold you needed a calculator, conversion tools and a Bells.
In fact, you needed to do the following just to trade gold.
Step #1: Open an offshore account and deposit $2,500 (R45,000)
Step #2: Open the gold chart priced in US dollars
Step #3: Use the ... ››› more
South Africa sits with the ‘achievement' of having 8 out of the world's ten deepest mines.
While this is clearly an achievement in engineering - it's a problem specifically for our gold mining industry.
Production costs have skyrocketed, accidents in the deep mines make it even more difficult to profit.
In fact, in the 1970's South Africa produced as much as 80% of the world's gold,... ››› more
What you are about to read, may sound like science fiction...
But I assure you it is fact.
Think about Hollywood blockbuster movies like Gattica and Splice, where healthy, genetically modified children are a standard feature in everyday life. Now imagine a new technology that can help you decide if your child has black hair, hazel eyes or tanned skin. Not only does this new technology allo... ››› more
Since the start of 2016, Silver rose from $13.82 an ounce to a high of $20.63 - an incredible 49% return!
Compare that to gold which is up around 25% and the JSE All Share which has returned just over 6% for the year.
So it's no secret that silver is one of the best performing assets in 2016. But recently, silver took a knock and it's sitting around $18.85 today.
The main factor that c... ››› more
Remember Alan Greenspan?
He was the former US Federal Reserve Chairman from 1986 to 2006. A corrupt, but smart man, who was responsible for pumping endless supply of dollars to “stimulate” the US economy to no avail.
Well, in a recent interview after the Brexit referendum he had this to say: “This is the worst period, I recall since I've been in public service. There's nothing like i... ››› more
The gold price hit $1,354. It's the first time that it's above $1,300 since 2014! That's big news. And since the Brexit, all you hear is how investors are fleeing to the safety of gold.
But I'm much more excited about another precious metal right now.
I'm talking about platinum of course…
The platinum price started 2016 at $820/ounce. Today it's trading $280 higher at $1,100 per ounc... ››› more
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