The Best One can do Now !

  The best one can do now is hold onto sections of stocks one knows are going to be needed in future to supply the needs of the world popula...

About Me

Retired but always looking for new challenges.
Showing posts with label Anglogold. Show all posts
Showing posts with label Anglogold. Show all posts

Monday, October 1, 2012

OCTOBER UPDATE A POLITICAL PLAY

 FURTHER UPDATE 5 OCTOBER Unfortunately this is now turning into a political thing as there is an all out effort to replace the incumbent president namely Zuma with another candidate.It must be noted that he is a Zulu which does not sit well with the Xhosa majority,which has produced every president to date in last eighteen years before Zuma.

SEE RESOURCE TIPS ABOVE ON OCT 17  PAGE and 18 Resource News Post (Above)

This might seem to be an odd statement to make,but let us consider the facts.There is one protected (LEGAL)STRIKE OF TRANSPORT WORKERS ON AT THE MOMENT.ITS TWO YEARS SINCE THEIR LAST NEGOTIATIONS.IT INVOLVES 20,000 DRIVERS OF HEAYY VEHICLE TRANSPORT. THE EMPLOYEES ARE OFFERING 7% INCREASE AND THE WORKERS ARE DEMANDING 12%. THEY ARE NOW ENTERING ARBITRATION ,THIS IS ONE OF THE BEST PAYED  INDUSTRIES.HOW EVER THEY SEEM TO BE SHIFTING IN THEIR DEMANDS AND A GREAT DEAL OF INTIMIDATION IS GOING ON.THERE IS A POLITICAL MOVE AFOOT TO MAKE THE WHOLE COUNTRY UNGOVERNABLE
 FOR THE ILLEGAL STRIKES SEE BELOW  notices.
 For technical analysis visit Oct 1 blog above
All new page updates are mentioned at the bottom of the INDEX ABOVE
WITH MANUFACTURING FALLING IN CHINA AND JAPAN THERE IS A LOWER DEMAND FOR OIL PRODUCTS.THE PRICE IN ASIA IS BEGINNING TO FALL,WHICH SHOULD HAVE A KNOCK ON EFFECT AROUND THE WORLD SOON

There are various strikes which workers are trying to settle with out UNION help,which is illegal.South African unions are affiliated to the INTERNATIONAL LABOUR ORGANISITION OF THE UNITED NATIONS,and follow their rules to the letter.A firm hand is now being applied by Anglo American Platinum the largest mining group.If workers do not return to work they will be payed off soon .The various gold companies are following the same route .Legal pay negotioations will be held next year.

Wednesday, August 1, 2012

AUGUST Updates Economics, see newest Posts above

 (8.30 PM SOUTH AFRICAN TIME 1/8/2012)
Bernanke will continue operation twist,but will take no further new steps and if labour continues to decline will consider additional steps at the Sept 12/13 meeting.Very predictable ,I would say.
See latest page updates above and commetary below.
For the latest on Gold and Platinum go to New Alert above
THANKS TO ALL BLOGGERS THAT VISITED THE SIDE-BAR items.

1.Over the next couple of days both Europe and American reserve banks will decide what they might do to prevent their economies from sliding into another recession.They are likely to disappoint the market as what ever they do it will be deemed too little too late! How ever I feel the recovery continues slowly world wide.Rash actions by reserve banks to bolster economies,usually makes the private sector lazy and then they demand more and more as they do less themselves.Printing money with out backing is an eventual road to disaster.