The Nasdaq has reached its highest point in eighteen months,since its loaded with technology shares ,it might be a good place look at shares for the future.
The gold price may be running out of steam,although there is still a small upward bias in the price.
The gold mines share prices have not picked up really since the start of this year and at best the ir prices are churning.
GOLD ETF's (EXCHANGE TRADED FUNDS) are holding up quite well .They were in part responsible for the price of gold taking off. Now there is worry that as it becomes obvious that the recession is behind us there will be a huge sell-off causing the GOLD PRICE TO TUMBLE.
South Africa - 1982 Krugerrand 1/10 Oz. Gold Coin
If you feel that you would like to hold something in gold,there are always coins that have an intrinsic value other than just being a metal hoarding exercise.Their specific history,condition and amount minted ,design also play a part.American Eagles Coins,South African Krugerrands Coins a re the best known and easiest to trade.
Unique Stock Exchange Trading Ideas
Cnythia Carol the CEO of Anglo is taking a stronger line with the South African government and has told them there will be no expansion in production unless they make available another 10% above the capacity that was normal before last years cuts,on a permanent basis. Last year all mines were told to cut their electricity usage by 10% causing a great loss of revenue as no expansion could take place.
On another subject note that the FTSE index and the South African ALSI index follow an almost identical course ,with minor divergances only.
Mini Update 2March
The price of IRON ORE is expected to almost double during the next 18 months and this demand is expected in EUROPE and THE AMERICAS .
CHINESE DEMAND IS ALSO LIKELY TO INCREASE BUT AT A SLOWER PACE.
I hope Kumba knows what its doing when it breaks the contract to supply Mittal how ever unfair it might be.This issue should be fought in the courts. Imagine what a place the world would be if we were all able to break any contracts we don't like!
Followers can use their blog to e-mail us direct and then we shall reply,just say wether the blog is for Naomi or Barry or e-mail us direct on bvbgerard46@gmail.com
Go to http://www.sashares2010.blogspot.com/ for the March update important updates on platinum group metals.
