NOW TRENDING OIL !

 Oil is now trending as surprising as this now sounds.   Oil has clawed its way back and it now is less volatile and likely to stay above $...

About Me

Retired but always looking for new challenges.

Saturday, October 1, 2016

Brexit has many stocks on hold.

The effects of Brexit has our local as well as the rest of the Commonwealth nervously waiting for the event. This is likely to cause choppy , volatile trade not only in the aforementioned but Europe and
Britian, United States and the rest of the world stocks. The reason is that stock traders and investors do not like uncertainties.
When all the noise is past, we should not be materially worse off, as only about 15% of our products now enjoy protection and better prices from the Euro zone. We should be able to negotiate far better terms for a wider variety of export products as we have wised up to restrictions placed on us of late.
Strong measures can not be placed on us as we are members of GATT (General Agreement on Tariffs and Trade). As well as that our much needed minerals such as the Platinum group metals where have 80% of the still to be mined resources , which gives us extra clout!

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