🌍 Global Markets Rundown
- Goldman Sachs suggests gold could plausibly hit $4,500/oz by year-end.
- Gold is currently around $3,200/oz, but volatility and uncertainty are driving prices higher.
- Gold miners are benefiting from the price surge, with big leverage showing up in earnings.
- Example: Pan African Resources made $900/oz at $2,250; could make $2,900 at $3,250.
- Big upside still possible if gold just holds or drifts higher.
- SA gold stocks (YTD performance):
- Pan African Resources +106%
- Harmony +76%
- AngloGold Ashanti* +72%
- Gold Fields +30% (with mine-related issues)
Gold | Weekly chart |15 April 2025
📉 Recession Watch
- Larry Fink (BlackRock) & Jamie Dimon (JPMorgan): “US may already be in a recession.”
- Trump’s constant tariff changes add more uncertainty.
- Growth is slowing, and inflation is stubbornly high (risk of stagflation).
- Treasury buyers are hesitant—money is going into gold, not US 10-year bonds.
- China’s potential bond moves could rattle the entire global system.
💸 Currency Check
- The Rand recovered from nearly R20/USD to around R18.75/USD.
- Driven by dollar weakness, global uncertainty, and DXY dipping below 100.
- Local support for ZAR remains tentative but improving.
📊 ETFs & Resources Rally
- Satrix RESI ETF* now ~50% gold miners, up ~44% YTD.
- Resource-driven tax windfalls (like in 2021/22) show how profitable miners benefit the broader economy.
📈 Local Market Highlights
- Purple Group* (EasyEquities) finally breaks out:
- Strong results: HEPS up 204%.
- Thrive initiative charging inactive accounts adds meaningful revenue.
- Stock rallied from 92c to 118c in just over a week.
- Possible end to aggressive selling pressure—more upside ahead?
All charts by KoyFin | Get 10% off your order
Chapters
00:00 Gold Market Insights and Predictions
09:33 US Economic Outlook and Recession Concerns
14:54 Market Volatility and Stock Performance
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Wednesdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
