Author Topic: What the .... is going on in mining  (Read 2449 times)

tbunny

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What the .... is going on in mining
« on: April 04, 2013, 10:15:22 am »
Yesterday was a nightmare for me, and I don't see why? The mines had already taken a lot before, and the p/e is already very discounted. Is it time to get out or will things recover?

aspire

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Re: What the .... is going on in mining
« Reply #1 on: April 05, 2013, 01:10:08 am »
A number of things. The government is making the wrong noises, labour is edgy, the jse is in a bearish phase and demand for resources is down. It could be worse. If the rand was stronger we'd be in a far tougher situation.

Moneypenny

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Re: What the .... is going on in mining
« Reply #2 on: April 10, 2013, 11:02:54 am »
Analysts at Goldman Sachs today lowered their average gold-price forecast for 2013 to $1,545 an ounce from $1,610 expected previously and to $1,350 an ounce from $1,490 in 2014.
Veni, vidi, vici

tbunny

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Re: What the .... is going on in mining
« Reply #3 on: April 10, 2013, 11:08:32 am »
And with that bad news, resources are up 1% today :o