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Author Topic: Live chat  (Read 2974591 times)

Patrick

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« Reply #4845 on: November 09, 2016, 04:03:08 pm »
Rand was R13.18 last night, now R13.50.
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Moonraker

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Re: Live chat
« Reply #4846 on: November 09, 2016, 04:15:15 pm »
I don't get why resources are up today. Not gold, resource counters like BHP, ANG, etc. Trump's protectionist policies, plans to impose heavy tariffs on China etc. will all tend to crimp world trade and therefore growth, which means less mineral exports from ZA. The weaker Rand does not seem to be the main reason, as all the resource counters listed in the UK are also up substantially (£/$) practically no change from yesterday. Coal I can understand as Trump wants to move away from renewables in favour of coal, but that's about all I can think of as a reason.
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jaDEB

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« Reply #4847 on: November 09, 2016, 05:29:57 pm »
Yest/toda Copper 511/538, Nickel 1098/1147
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jaDEB

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Moonraker

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Re: Live chat
« Reply #4848 on: November 09, 2016, 06:25:56 pm »
OK, think I've got hold of the main reason for uplift in resources. Trump wants to 'rebuild American cities' - huge infrastructure spend = good for minerals/metals - may outweigh the negatives mentioned earlier.
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Nivek

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« Reply #4849 on: November 10, 2016, 08:22:45 am »
I agree Moonraker, that's most likely it. I like how you won't drop anything until you understand it!
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BussoV6

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Re: Live chat
« Reply #4850 on: November 10, 2016, 09:34:31 am »
Quote from: Moonraker on November 09, 2016, 06:25:56 pm
OK, think I've got hold of the main reason for uplift in resources. Trump wants to 'rebuild American cities' - huge infrastructure spend = good for minerals/metals - may outweigh the negatives mentioned earlier.

Walling off Mexico will be really good for construction industry!
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gcr

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Re: Live chat
« Reply #4851 on: November 10, 2016, 10:40:01 am »
Quote from: gcr on November 09, 2016, 01:16:33 pm
Quote from: czc on November 09, 2016, 12:32:48 pm
Kinda disappointed that shares didn't fall more.
Why - my shares were devalued by R 102,000 on opening this morning and the Rand pulled back all of 44 cents
Well that was 2 days of most interesting share price movements
So have recovered all my paper losses and things look like they are back to normal - if that's possible these days
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Patrick

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« Reply #4852 on: November 10, 2016, 03:04:29 pm »
Anyone know why the rand is a lot weaker today?
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jaDEB

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« Reply #4853 on: November 10, 2016, 03:11:43 pm »
No Idea.
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jaDEB

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Moonraker

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« Reply #4854 on: November 10, 2016, 03:21:52 pm »
Probably because rate increase in US now more likely. Check T Bonds.
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Moonraker

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« Reply #4855 on: November 10, 2016, 03:30:27 pm »
Yes. Patrick, your answer is here. http://www.bloomberg.com/news/articles/2016-11-09/pimco-joins-bond-traders-seeing-fast-tracked-fed-after-trump-win

EDIT: which of course results in a stronger $ on the crosses.
« Last Edit: November 10, 2016, 04:05:38 pm by Moonraker »
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Orca

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Re: Live chat
« Reply #4856 on: November 10, 2016, 11:01:51 pm »
A catch 22 situation. The cronies Z has placed in the top echelons of the party will want Z in place so they can keep dipping into the cookie jar. They have the majority vote and will win in every vote. The state capture is done and cannot be reversed with the current NEC wolves.
The vote today seemed to be all about the white DA hiding behind a black mask than about Z.


« Last Edit: November 10, 2016, 11:06:51 pm by Orca »
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Samurai

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« Reply #4857 on: November 11, 2016, 10:39:30 am »
According to Woolies trading update they increased by 8.9% in the first 19 weeks of the new FY, yet the price is going south???
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Orca

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Re: Live chat
« Reply #4858 on: November 11, 2016, 02:15:32 pm »
CIL reported a HEPS increase of 15% yesterday and she dropped like a stone and some more today.  :wtf:
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Patrick

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« Reply #4859 on: November 15, 2016, 10:39:41 am »
Rand getting stronger today. Co-incidently my office changed their working rate to R14.37 today. Unfortunately half my salary will now get converted to dollars at that rate in around 10 days time...
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