Financial Indicators (SA)

Gold $1020.70
Brent Crude Oil $106.38
Rand - $ 8.1241

NVDL: The rot thickens...

Finance Markets: There Will Be (Much More) Blood Soon and Later

Right now brent Crude is $104.38 - Up 1.95%
Rand - $8.0318 Up 0.22%

I predicted a few weeks ago that by June/July Crude will be about $105-120. That prediction remains in place.

More: Rand continues to tread water
Pain on petrol, rand may ease

Rand above R8/$, Oil moving to $103

"Global equities are in a rout as a result and even with fresh USD losses all global risky currencies faced large losses," said the analysts.

More from Business Day.

Brent Crude Oil Now $102.84 (Up 1.18%)

They are already talking about R8.50pl and R9. Alex Jay was saying it cost him an extra R70 to fill up his tank. Double that, and then add half of what you're paying for food to your grocery bill and it starts to hurt.

We were joking about this whilst cycling this morning. One of the solutions, we said, was to quit eating junk food - a major expense for many - altogether.

Right now the Rand is R7.80 to the Dollar.

Rand and Oil Worsen

Crude now $101.62 up 1.52%
Rand - $ 7.8325 down 0.64%

Amazingly the JSE just pretends this isn't happening. A delusional economic system disconnected from reality cannot remain disconnected from reality indefinitely. Reality will return in three clattering decibels: CRASH BUST BANG.

$1 = 7.8275 Now

Rand slightly softer at midday

THE rand was softer by midday on Friday in what dealers said was a
continuation of the recent trend and seemed unrelated to President Thabo Mbeki’s
State of the Nation address at Parliament.
The rand hit a 16-month worst
level of R7,86 against the dollar yesterday.

More.

$1 = R7.6910 Now

Rand in a bear trap

THE rand remained caught in a bear trap today due to continuing global fears, with analysts saying the R7,80 level to the dollar could be tested today. - From Business Day.

More.