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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (17735)	3/30/2003 8:20:54 AM
From: sea_urchin	Respond to of 81101

ild >I like SoAf gold stocks like AU and HMY that pay good dividends. Far be it for me to put off anyone who wants to invest in my country but I have to say, "Be careful!" Those dividends are not cast in stone and the profits of SA mines have been hit by the strong rand. Furthermore, there is much concern and uncertainty about the new Minerals [Royalties] Bill. miningweb.co.za [many articles, also on rand] >The biggest unknown is future movement of SoAf Rand. What's your take on that? If only I knew. That damn rand has caused my portfolio of mainly rand hedge shares to go down by over 25%. There is blood all over the JSE on account of the strong rand. Frankly, I just can't work out why the rand is so strong and who is buying the currency. All I can presume is that it is MidEast money which formerly went into USD and the owners are frightened of confiscation if they leave it in the US or UK.