Mes amis, tres bein! Voulez vous le guillotine de SI?
Blancs, noirs. Tut, tut.
I wouldn't invest in any company operating in
SA right now. Smart money is extracting itself from two
things: chaos and government. Capital flight is well
underway. SA is an artificial country. Not as much so
perhaps as Jugoslavia was but there are internal tribal
borders, historic borders and the internal stresses and strains
fueled by a breakdown in public order--
economic decline is in evidence everywhere. The govt.
will try to solve some of the problems, employment, lack
of capital, with restrictive, intrusive laws including
expropriation. The problems facing them are so huge that
even with the best of intentions, they'll be pushed into
solutions that use force. They won't be the first or the
last to go down that path. There will be accomodations by
some companies but how well that will work for either
side, companies or govt., is uncertain. Certainly in the
long term, it won't work. If chaos wins, it won't work
at all.
Gloomy prognosis, huh! The problem is that I don't see
any alternative. I wish I did. Some of what is happening
isn't of their making. The price of gold is hurting them.
One wonders what game is being played there. If I was
into conspiracy theories, I'd wonder about collusion on
the part of western banks against the gold producing
countries.
Anyway, enough of this gloom and doom, nez pas?
Ralph is quite right. All the TA shows is CMR is trading
sideways. Higher base, though. And with a very slight
bias upward. Volume is pretty consistent over the last
thirty days. Someone is accumulating. Hope they know
something we don't. |
