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To: patron_anejo_por_favor who wrote (270594)12/13/2003 11:31:38 AM
From: mishedlo  Read Replies (1) of 436258
 
SA Miners
Mish Question on the FOOL:
Is this a reason to start liking SA miners again?
busrep.co.za


Plunger Reply:
No.

The article says the central bank didn't cut rates much because of excessive inflation. So they are happy for the currency to go higher.

What we need is a weak economy so they cut rates and encourage a weak Rand, and thus high gold:rand price.

Plunger.
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Mish: That makes sense to me Patron. They seem happy enough with high rand and are combatting inflation or whatever. Now the question is: If it turns will there still be time for a good entry in SA miners. Until it does turn SA miners will lag.
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