Ferdi Heyneke Quotes (12 Quotes)

Gold has pulled back from its recent spike to around 505 an ounce while the rand has strengthened to 6.34 against the US dollar.

Local equity markets have run very hard, especially among the banks, financials, industrials and retailers since the start of the year. These stocks have been overbought and market players were today banking some profits. The JSE is off its worst levels, so there is support for the market.

I think it got ahead of itself especially gold and platinum stocks and profit taking was not unexpected.

The fundamentals for these kind of stocks are very promising with the healthy economic growth prospects.

The market's volatility has been huge and we've become oversold so the market was poised for a rally and needed some news and some trigger.

The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.

A lot of factors are positive for the sector, there's Christmas turnover, a stronger rand which means interest rates will remain as they are or even another cut as some people are suggesting.

Impala is higher ahead of expected good results due in February, gains in other platinum stocks and the higher platinum price, coupled with the weaker rand.

We had a dip initially but those are not that much of a concern, we'll see some volatility and profit-taking but I think the trend is still rising.

With this gold price heading towards 600, positive sentiment is driving the sector.

The JSE is strong again, but it will stay volatile for the foreseeable future. The Dow was steady overnight, while the gold price moved back to 530oz. The market should pick up from next week as more people are at their desks.

I think we are taking after the markets in Europe, most of them are down today. I think the guys are just taking profits on banks because there's still good news especially with credit demand figures this morning.