The ZAR Exchange Rate Thread

[Syndyre]

There's talk of the Saudis upping production which could result in a drop in the oil price but be holding your breathe...

Its confirmed they will increase production isn't it? The question is can they?

 

[kiepie]

Its confirmed they will increase production isn't it? The question is can they?

I know they have an range, but not sure how much. 500 000 barrels if you ask me.

Peak oil is approaching!

 

[Syndyre]

I know they have an range, but not sure how much. 500 000 barrels if you ask me.

Peak oil is approaching!

They were planning to increase output by 200 000 barrels I think? I don't think its so much a peak oil problem as insufficient investment and old technology, particularly in the National Oil Companies with idiots like Chavez.

 

[hj2k_x]

$ = R 8.03
£ = R 15.72
€ = R 12.453
Oil = $ 133.11
Gold = $ 888.15
Last update:
18 Jun 2008 17:30:00

Petrol price going up every month
Electricity up another 13% to make 27% increase this year
Inflation close to 13%

 

[kiepie]

$ = R 8.03
£ = R 15.72
€ = R 12.453
Oil = $ 133.11
Gold = $ 888.15
Last update:
18 Jun 2008 17:30:00

Petrol price going up every month
Electricity up another 13% to make 27% increase this year
Inflation close to 13%

CPIX 10.4%
CPI 11.1%

You had me worried there for a moment. Glad to see some stability in the rand and oil this week. Won't be able to take another 11-12% jump.

 

[kiepie]

Rand 7.94
Oil $130-131

 

[hj2k_x]

CPIX 10.4%
CPI 11.1%

You had me worried there for a moment. Glad to see some stability in the rand and oil this week. Won't be able to take another 11-12% jump.

Well if you look at the way food prices are going up those figures are pretty meaningless...

I mean last year a 1KG tub of Flora cost R18.99 at Pick n Pay. Last week it was R38.99 for the same tub

 

[hj2k_x]

Flora probably isn't in the inflation basket.

Which they manipulate and change from time to time so it isn't a great measure of anything really.

 

[hj2k_x]

Yep, pain in the ass that.
We've got 172 variations of cpi that gets captured where I work.

Great

I guess they have to use something to measure it.

 

[hj2k_x]

$ = R 8.082
£ = R 15.855
€ = R 12.536
Oil = $ 136.09
Gold = $ 882.8
Last update:
23 Jun 2008 16:30:00

 

[milomak]

Which they manipulate and change from time to time so it isn't a great measure of anything really.

while it is not the best measure for each person's individual effects, the measures are based on national expenditure data which is probably as great a representative number as you can get.

 

[milomak]

I was wondering who I had the debate with. Clearly there's a very good chance at this rate.

 

[milomak]

I actually put that post in my calendar for november.

 

[hj2k_x]

$ = R 7.899
£ = R 15.681
€ = R 12.419
Oil = $ 137.63
Gold = $ 907.45
Last update:
26 Jun 2008 15:30:00

 

[hj2k_x]

$ = R 7.9
£ = R 15.72
€ = R 12.44
Oil = $ 140.88
Gold = $ 941.7
Last update:
01 Jul 2008 17:08:01

 

[DJ...]

JSE ALSI at 29,898

Big psychological barrier that. It was always overpriced IMO as I mentioned in a previous post and we need organic growth to sustainably move past the 30k mark again - not this commodities speculation rubbish. Gold got it through the 30k mark, now gold miners are under pressure and there is nobody to take up this slack - a quick move back above 30k IMO will require quick research to see where the money is going, as this will indicate which sectors are bring driven by the traders in the short term and which if them are over-priced.

I reckon the time for equities is approaching - they are cheap...

 

[Nod]

Anybody care to create a graph using Google Chart API?

 

[DJ...]

Anglos and Billton's prices are still steady, when they start to drop, it'll go fast.
A lot of the smaller company's prices are on the way down it seems.
Financial shares are taking a beating.

ALSI at 29,987 now

Financials are cheap - I will be buying Old Mutual again in the current months as they are feeling the brunt of a SA slowdown and therefore are taking a price knock, but they have more upside potantial due to their interests overseas - same for Investec so I reckon they will recover much quicker than the others - but they will recover for sure. I like buying cheap and many have never been this cheap before - relatively speaking...

 

[kiepie]

Financials are cheap - I will be buying Old Mutual again in the current months as they are feeling the brunt of a SA slowdown and therefore are taking a price knock, but they have more upside potantial due to their interests overseas - same for Investec so I reckon they will recover much quicker than the others - but they will recover for sure. I like buying cheap and many have never been this cheap before - relatively speaking...

Is it greedy to wait for Firstrand under R10?

That would be lovely! Some bank stocks DY is even higher than there PE ratio now! Keeping an close eye, but noting before the meeting in August. (Tito)

 

[DJ...]

Is it greedy to wait for Firstrand under R10?

That would be lovely! Some bank stocks DY is even higher than there PE ratio now! Keeping an close eye, but noting before the meeting in August. (Tito)

Regardless of the August meeting, they are very cheap. Don't get too greedy - I wouldnt hold back as long as August to buy. And yes, <R10 is being greedy