Rand/$

[sponono]

I see the Rand has gone through R7.3. Normally the stock market would come down but it's not. I wonder what the foreigners are selling today. Any ideas.

[#2]

How about them...Bonds.Mmmm.Yes.

[#3]

The 61.8% retracment since 24May2010 High to 3Jan2011 Low...is at R7.41 on the weekly chart.Support.We'll see if it punches over that.Coz then we have the wild 60 cents till 8.Fairly major Support. Next week....quite interesting.if you're a GLD kinda guy.

[#4]

And as a final note....we haven't seen such a concerted sell-off in the Rand(5 weeks in a row) since 2008....remembering that this means,money is leaving.Is this just some hot-money taking profits? Probably.Maybe.He said.She said.###The true test comes at 8.39( the beginning of the Hell-zone)...