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What is going on with ANG

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Not applicable
Why is ANG dropping through the floor like it is
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10 REPLIES 10
jack12
Super Contributor
rand gold price down
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Not applicable
sorry for the stupid questions but what is making the rand gold price lower
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Not applicable
Big Boy clearing posi...probably yankenese. Anyway seems done for now, may have more to offload in the closing auction thu', if not he's done!
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Not applicable
Is that what that big spike in volume is
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Not applicable
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jack12
Super Contributor
Gold is dollar based so they convert it to rands and the exchange rate is worse ie the rand is stronger. So less rands to the dollar
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KPnewbie
Contributor
Hi guys do you think 290 is a good buy in, 5 year average is around 280 whilst all other blue chips looking overpriced...medium term view
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saash
Super Contributor
Also, bear in mind their massive retrenchment announcement earlier in the week contributing to the general downtrend
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KPnewbie
Contributor
ANG on a rampage today, gold also seems to be rallying nicely.
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SimonPB
Valued Contributor
err .. ANG may be many things .. blue chip it is not ..
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