Ferdi Heyneke
Ferdi Heyneke
driving gold heading positive price sentiment towards
With this gold price heading towards $600, positive sentiment is driving the sector.
banks credit demand figures good guys markets news profits taking
I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.
christmas cut factors interest means people positive rand rates remain stronger
A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.
dip initially trend volatility
We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.