The JSE and finance forum for South Africa
General Category => Shares => Topic started by: tbunny 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?
-
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.
-
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.
-
And with that bad news, resources are up 1% today :o