Shit Happens: Rand Now 7.0485 to Dollar, Oil Prices Unchanged

If you thought the oil price at $94 was no problemo (because the R/$ was strong), think again. The Rand has weakened against the dollar, and the oil price has not really shifted. Sorry, that means there is nowhere else to go except deeper into your own pockets. Is there any small change chinkling in there? There is? Not for much longer.

JSE ALL SHARE is taking a tumble: 29213.320 (DOWN) 0.80%.

For background, read this:
Rand regains some lost ground

Update: Financials Right Now

All Share 29503.690 (DOWN) 0.13%
Gold $803.35 (UP)0.14%
Brent Crude Oil: $96.05

Financial Indicators (NOW)

The gold price continues to step up in tandem with the oil price as global uncertainty picks up. It seems what's bad for the world is good for South Africa, including the demise of the dollar. Ameerican kerfuffling in Iran is also propelling that nation (and Russia) to make oil transactions in Euro's rather than the dollar. China has also decided to push more of its investments into the Euro. And why not?

Gold 832.65 Up 0.23%
Platinum 1457.00 Up 1.29%
Brent Crude Oil 94.65 Stable 0.00%
Rand - US Dollar 6.4880 Down 0.18%

‘Powerful cocktail’ puts gold in sight of $900