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.
ahead gold itself platinum profit stocks taking
I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.
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.