having a bull run the Rand promptly followed. The Rand broke the yearly PP
and is showing some strength. Volume
entered the market. There was a brief attempt at a short term correction last week but the Gold
strength dominated and pushed the Rand through the yearly PP
. In the coming week we can expect a short term pullback/correction in Gold
and the Rand. With news around the Municipal elections also abounding, I think investors will be cautious and wait for the dust to settle. However, with prospects of some more Gold
strength the rand should improve further in August possibly peaking at the beginning of September. But for now lets keep riding the Gold
bulls and see how long we can stay on.