It's no secret that I believe 2019 will be a good year for gold.
You see, the London Bullion Market Association (LBMA) polled 30 experts on expectations for the gold price in 2019.
Twenty of these experts expect the gold price to rise PAST $1,400 in 2019!
Only six of the 30 analysts expect the gold price to remain below $1,300 for 2019.
Ross Norman of Sharps Pixley, London's top bulli... ››› more
I call it platinum fatigue…
Eight years ago, platinum hit $2,200/ounce.
It subsequently crashed to $800, recovered to $1,500 and dropped back to $800 again in 2016.
Everyone's basically given up on platinum, there's just been too much drama for the metal…
Did you even notice that platinum is up $100 since December 2017?
On 26 December 2016, Platinum was at $894 per oun... ››› 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
Last week's sentiment remained positive and markets continued their rally. President Trump's first days in office are being closely monitored and provide plenty for traders to digest.
The JSE Top 40 closed the week up 0,8%, but retreated slightly on Friday along with generally softer developed markets; for the year to date the JSE is up 7,7%.
Kumba rallied 27% after it provided a product... ››› 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
Between October 2015 and mid-January 2016 the JSE Resources index crashed 38%. Mining shares were out of favour more than they've ever been.
Since then, the index has recovered some of these losses, becoming one of the best performing sectors on the JSE for 2016.
In fact, since the resource index's January low, it's up 40% for the year so far!
But that doesn't mean you can just up and ... ››› 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
The Rand has crashed to R16.70 a dollar.
On 30 November 2015 a Bloomberg report speculated the rand could hit R20 to a dollar.
Then on 8 January 2016 a Fin 24 report again reiterated the R20 to a dollar level for 2016 and Cees Bruggemans, a well known economist predicts we could see R22.50 to the dollar before 2018!
In short, if you're not investing in rand hedge shares you're losing mone... ››› more
Pan African Resources is a precious metals producer based in South Africa. It has a listing on the Johannesburg Stock Exchange…
Full name: Pan African Resources Plc
Short name: Pan-Af
Sector: Basic resources - mining
Five top facts about Pan African Resources
Pan African Resources is a precious metals mining company based in South Africa. Its main focus is to... ››› more
The latest news is in...
The Chinese are selling U.S. government debt... And they're buying gold.
In fact, latest trade data shows China has just sold $50 billion worth of US debt, taking China's holdings of US debt levels to their lowest in two years!
Simply put China believes the FED is making the wrong move cutting its quantitative easing and that gold is still the only true safe haven... ››› more
Earlier today, Pan African Resources released its results for the year to June. And the results were good. The miner also declared a dividend. The market responded extremely well to the results, rewarding the share price. Let's have a closer look at what the results revealed…
Pan African Resources reported that its headline earnings per share (HEPS) increased 20.8%, taking it to 30.07c, report... ››› more
Members of the NUM downed tools last night at the beginning of strike action over wage demands. This afternoon, it emerged that two gold producers had struck deals with unions over wages in an attempt to prevent strike action. Let's take a closer look…
This afternoon, the Chamber of Mines said that Pan African and Village Main Reef have “reached agreement with the NUM [National Union of Mine... ››› more
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