Simon Brown
Markets look weak while commodities are already weak, where next? Presented by Simon Brown, founder of Just One Lap.
- US indices are rolling over and the SA40 looks to move lower. After a strong start to 2023 can we expect a damp end to the year?
- PGMs have been under huge pressure (especially rhodium which is the main profit driver of local PGM stocks).
- Gold is off the highs, where next? Is it heading back to under $1,700?
- Coal and iron ore both off their lows, but had a rough year.
- Brent is now trading in the mid $80’s as OPEC+ cuts production hurt.
- USD index looked set to break lower before bouncing higher, will that lead to ZAR strength?