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Community


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Online Share Trading

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You aint seen nothing yet

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platsak
Super Contributor
Aus and East down 4 - 5 %. Looks like were in for a lot of hurt again today.
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6 REPLIES 6
pirates
Contributor
we will drop 10 percent
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platsak
Super Contributor
Cannot see (hoping) that we will lose more than aus.
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pirates
Contributor
from your mouth to the good lords ears ..
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barry_1
Super Contributor
I see the DOW pre-market is down and the DAX,but the FTSE AND CAC are slightly up....We are likely to go down first,but should recover there after as the weaker Rand puts more in the pocket of the exporter....We might not get a rate cut on Thursday ,although it would be a good thing....However the weakening Rand is equal to a rate cut.
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barry_1
Super Contributor
Possibly gold shares which did not move up with the gold price might do so now.The reason in my opinion was that traders thought the problem would be of short duration,so it would be wrong to buy gold shares....they are now starting to realise this state of affairs could be there for a couple of years,making it worthwhile to develop new mines.
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barry_1
Super Contributor
Yes Siree ,gold place to be!
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