Author Topic: Live chat  (Read 2926865 times)

gcr

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Re: Live chat
« Reply #4845 on: November 09, 2016, 01:16:33 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
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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« Reply #4846 on: November 09, 2016, 02:54:19 pm »
My ANH is down 4% :'(
jaDEB

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Moonraker

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« Reply #4847 on: November 09, 2016, 03:27:43 pm »
Why are resources up today ?

jaDEB

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« Reply #4848 on: November 09, 2016, 03:43:31 pm »
GOld was 1283 yesterday now 1304
jaDEB

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jaDEB

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« Reply #4849 on: November 09, 2016, 03:44:43 pm »
Does Trump not drink alcohol?
jaDEB

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Patrick

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« Reply #4850 on: November 09, 2016, 04:03:08 pm »
Rand was R13.18 last night, now R13.50.

Moonraker

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Re: Live chat
« Reply #4851 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.

jaDEB

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« Reply #4852 on: November 09, 2016, 05:29:57 pm »
Yest/toda Copper 511/538, Nickel 1098/1147
jaDEB

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Moonraker

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Re: Live chat
« Reply #4853 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.

Nivek

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« Reply #4854 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!

BussoV6

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Re: Live chat
« Reply #4855 on: November 10, 2016, 09:34:31 am »
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!

gcr

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Re: Live chat
« Reply #4856 on: November 10, 2016, 10:40:01 am »
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
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

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« Reply #4857 on: November 10, 2016, 03:04:29 pm »
Anyone know why the rand is a lot weaker today?

jaDEB

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« Reply #4858 on: November 10, 2016, 03:11:43 pm »
No Idea.
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Moonraker

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« Reply #4859 on: November 10, 2016, 03:21:52 pm »
Probably because rate increase in US now more likely. Check T Bonds.