Resource production jumped into top gear when the governments world-wide artificially stimulated a recovery. Well enough a recovery is underway but at a sedate pace.
See rest of article under NOTES AND ALERTS
NOTE 9 See updates for MY SPECIALIST WATCHLISTS 2012 to2014 above on 23/3
NOTE 8 AUTUMN TOP 40 LIST HAS BEEN UPDATED 17/3/2014 see above.
NOTE 7 See Transfer to Small Cap shares above 12/3.2014
NOTE 6 GOOGLE PAWSITIVELY ADORABLE PETS
NOTE 5 SEE WINTER TOP 40 LIST UPDATE 10/3/2014
NOTE 4 FOR SMALL MEDIUM CAP SHARES LATEST UPDATES SEE on 5/2/2014
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ALERT 14/3 The ANC ruling party is panicing and introducing all kinds of socialist legislation to appease the masses. Pity as this will frighten away investors. No doubt there will be challenges by mines and farmers in the constitutional court after the elections, which will then reverse most of this legislation. The high workless figure makes the ruling parties job more difficult.
This has led to bottlenecks and severe over supply as the recovery amongst the real populace have not felt the recovery yet and are just for the most part surviving with no extra cash to create actual demand.
China has a tremendous over supply of iron ore at the moment with supplies at 870 metric tonnes and demand running at 700 tonnes per annum, and the situation is getting worse with users offering lower prices . Spot prices are declining by the week with last week the price at $120 dollars, now according to Reuters less than $110 are being offered.
Copper is in the same boat with demand weak.
In South Africa the platinum strike came at an opportune time, which can be seen as although it has been going on for just over a month, the price has not shot up markedly. Now surface surplus supplies are coming to an end the price might move up at a faster pace. On the other hand costs of production have also increased so the mines will struggle to return to profitability soon.
