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FTSE

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Frequent Contributor
Can anyone explain to me how we can be positive while the FTSE is down over 3%
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Super Contributor
weak rand and stronger commodity prices??
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Super Contributor
Probably, but it's also a very clear warning to watch out big time. ZAR weaker and commodity prices stronger compensates nicely and keeps us up while the FTSE drops. But, and that's a big BUT, should the USD Index get traction upwards, and should the USD in any way put downward pressure on the USD price of commodities while the ZAR stays in it's consolidation, then you've got a double whammy setting us up. Watch the USD Index IMO
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Frequent Contributor
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Valued Contributor
because anything is possible .. no rules out there in the market ..
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Super Contributor
Well, it's silly. I shall short it :)
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Super Contributor
FTSE is now trading below it's Oct 08 low of 3665 on 27 Oct 08
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