In spite of the massive euphoria following the election of Cyril Ramaphoosa as the new leader of ANC (and thus a replacement of the currently reigning corrupt Zuma), there is no foreseeable radical change in South Africa coming.
A 30% unemployment with failing infrastructure Ramaphoosa won't be able to deliver on the promises. That we can already witness by how...
everybody hates gold now => time to load up especially if you've missed the 5 years old train. My bet is Gold will retest its highs in the following months. This is a terrific opportunity to express a contrarian view. All central banks are in money creation business till infinity. This is a no-brainer really.
I expect more negative headlines coming from EU in the following days/weeks. Zero growth across Europe, unemployment rising, summer is coming, molotov cocktails on the streets soon (Greece, Portugal, Spain, also France soon).
EUR needs to go lower.