1. ANGGOLD (299.990, 306.000, 299.990, 304.000, +3.01999)
350
Authorised Financial Service Provider 345
FSP License number 25664 340
Office:€€€€€€€ +27 (0)41 363 4635 335
Fax:€€€€€€ €€€€ +27€(0)41 363 5202 330
Mobile:€€€ € +27 (0)82 738 2277 325
320
www.quantuminvestments.co.za
315
310
05-Aug-10
305
300
Local Indices Local Index Futures Currencies
295
Close % Ch MTM Pts Ch Last % Ch 290
All Share 28540 -0.30% SEP10ALSI 25471 -74 Rand Dollar 7.27 0.02% 285
ALSI40 25447 -0.26% Rand Sterling 11.527 -0.37% 280
275
FINI 7870 -0.83% Overseas Futures (8:00am) Rand Euro 9.571 -0.53%
270
GOLD 2439 1.46% Last % Dollar Euro 1.316 -0.51%
265
INDI 23179 -0.26% Dow Futures 10635 0.00%
260
Resource 49650 -0.05% S&P Futures 1124 -0.02% 9 16 23 30 7 14 21 4 11 18 25 1 8 15 22 1 8 15 23 6 12 19 26 10 17 31 7 14 28 5 12 19 26 2 9 16
November December 2010 February March April May June July August
General Commentary
Foreign Indices Yesterday's top movers Commodities As US futures and European stocks dropped yesterday, the JSE followed suit. However US
Last % Ch On the UP side Last % Ch stocks managed to gain ever so slightly after the index for non-manufacturing rose and
Dow Jones 10680 0.41% Harmony 2.63% Gold (US$) 1194 -0.07% investors fears had been allayed. The index that measures wether the services sector is
Nasdaq 100 2303 0.88% Implats 2.01% Gold (Rand) 8681 0.19% growing or contracting reported an expansionary number of 54.3 vs 53 forecasted.
S&P 500 1127 0.61% Goldfields 1.69% Platinum 1569 -0.48% Regarding the labour market and the creation of new jobs, the Automatic Data Processing
FTSE 5386 -0.19% Brent Crude 82.45 0.16% institution revealed private-sector jobs moving up by 42,000 in July. This was greater
DAX 6331 0.37% On the DOWN side than the 33,000 jobs it expected to have gained, and should therefore give a good proxy
CAC 3760 0.35% Woolies -2.50%
for Friday's unemployment rate in the US.
Nikkei 225 9617 1.35% Shoprite -2.44%
The Chinese Banking system has also jumped onto the stress test band wagon. The
ASX200 4579 0.43% Adcock Ingram -2.26%
regulators informed the banking sector to conduct worst-case scenarios of property prices
dropping 50 to 60 %, focusing on cities where they have risen unusually. Some analysts
welcome this as a property bubble could be forming in China. Although the authorities
have increased credit lending requirements for a third home loan, this may not be enough
to stop the prices from spirallying out of control.
Our position in Anglogold is proving profitable as it has broken through the falling wedge
structure, a very bullish sign. We will take profits near 315 which the 50 day moving
average should provide resistance.
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