Oh my WORD!!!! the Rand is in absolute FREEFALL

[Cruxpearl]

Rand has dropped 5% of Value since 08:00 this morning, and still dropping!!!!

We are going to PAY dearly for imported stuff!!!!

EINA!!!!!!!

[Evan Andreou]

 

Sadly the currency devaluation  is not helping the JSE one little bit with most indices down by 5%+

[Contaminated Haggis]

Economists can only tell you why something happened, not prevent it from happening.

[Evan Andreou]

On the bright side Brent crude oil is $85.68

[NotSoBigBen]

On the bright side Brent crude oil is $85.68

 

But I assume (Yeah I know ....) that brent's crude stuff going down with the ZA rond going up will negate that and we still end up paying the same if not more for our juice

[Evan Andreou]

On the bright side Brent crude oil is $85.68

 

But I assume (Yeah I know ....) that brent's crude stuff going down with the ZA rond going up will negate that and we still end up paying the same if not more for our juice

 

You are sadly correct BB, hopefully this is a short term volatility on the currency and will not have a long term effect

[Guest Big H]

I am eyeing it very carefully. The moment it looks like dropping back I will transfer some of my US$$$$!!!!!! I want to buy a flat and a bakkie when I visit in November. This rise could be helping me a lot.

[VincentBikes]

I wish the polotical analysts would stop talking because everytime the wind starts blowing 5mph faster in texas or a potential political crisis could happen in the middle east either the rand drops or the oil price goes up.

[Kal-El]

 

[MtBryda]

Will have to see if the market rallies before the close but at the moment it is in a turmoil.

FTSE JSE/Africa Index Series % MINING 24,286 -1,766.74 -7.27 TOP 40 19,379 -1,144.47 -5.91 MID CAP 26,429 -1,119.20 -4.23 SMALL CAP 24,638 -652.28 -2.65 ALL SHARE 21,462 -1,216.41 -5.67 FLEDGLING 3,907 -107.35 -2.75 RESOURCE 20 38,127 -2,647.87 -6.94 INDUSTRIAL 25 16,395 -787.94 -4.81 FIN 15 6,431 -356.04 -5.54 FIN INDU 20,248 -1,032.23 -5.10 CONM 70 -3.89 -5.53

 

 

 

 

World Info 2008/10/06 13:35:00 % BRENT SPOT 91.05 -3.93 GOLD $ 857.35 2.70 PALLADIUM $ 198 2.06 PLATINUM $ 964 1.47 R153 13.00%* 9.56 0.00 RAND/EURO 11.82 1.58 RAND/POUND 15.32 2.11 RAND/US$ 8.69 2.55 SILVER $ 11.36 2.43 US$/EUR 1.36 -1.56 US$/POUND 1.76 -0.80 YEN/US$ 103.13 -2.06

[Tromps]

I wish the polotical analysts would stop talking because everytime the wind starts blowing 5mph faster in texas or a potential political crisis could happen in the middle east either the rand drops or the oil price goes up.

 

This, I fear, is all to do with the ANC's political "tare" in the party's top brass.

[pastapouch]

So, whats the problem with the Rand freefalling. The Citizen newspaper reports that the economy is going strong. So says some minister...

[Mark]

Weak rand means that our exporters can start smiling again. As long as it does not go to far I think its good for the economy.

[Man with no name]

I see OPEC asked its members to restrict supply in order to get Brent Crude back to $ 100!? So much for free financial markets. I dont know why they are worried about demand? All the trailor trash are moving out of their new homes back into their petrol-fueled trailers and will getting around more ("Watch this ya-all")

[Piernas Flacas]

Relax, we'll benefit from the exports.

[Guest Big H]

I see OPEC asked its members to restrict supply in order to get Brent Crude back to $ 100!? So much for free financial markets. I dont know why they are worried about demand? All the trailor trash are moving out of their new homes back into their petrol-fueled trailers and will getting around more ("Watch this ya-all")

 

Did we not have the much read and commented "Price Fixing" thread a while back?????? ....... oh sorry my mistake!!!!!!!! ....... it was not the "trailor trash" moaning and bitching..... it was the well to do cyclists bitching and moaning about their carbon framed bicycles with lightwaight brakes that may cost more!!!!!!!!!