Gold yet to get go­ing

But Remgro ral­lies be­fore mov­ing up

Finweek English Edition - - COMPANIES&MARKETS - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal An­a­lyst

WE LOOK AT a chart of the gold price (in US dol­lars). It’s try­ing to make its way higher into new all-time-high ter­ri­tory but is strug­gling to get go­ing. While the big pic­ture is good, we show pull­back tar­gets for any cor­rec­tion in the in­terim. We also look at Remgro, one of the most solid and con­sis­tent stocks on the JSE. It’s mov­ing up af­ter a re­cent cor­rec­tion. Cor­rec­tions in a stock such as Remgro have his­tor­i­cally been good buy­ing op­por­tu­ni­ties.

Please note: For more rec­om­men­da­tions and charts by the au­thor on shares, stock in­dices and com­modi­ties please go to www.the­mar­ket.co.za.

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