Spreadsheet Ranger

you think he has been for 8 years

When people refer to steel are you in fact talking about the Iron Ore price? I get so confused with this because I never see steel charts Example: http://www.infomine.com/investment/metal-prices/ Iron Ore and Steel are two completely different things. http://www.tradingeconomics.com/commodity/steel http://www.tradingeconomics.com/commodity/iron-ore Well Iron ore is used to create steel so of the two I would rather invest in Iron Ore ie Kumba?

Same thoughts here, I've never seen this level of preparation before for the previous SONAs, perhaps they know something we don't.

Zuma deploys 441 soldiers for 'law and order' during SONA 2017 Cape Town – President Jacob Zuma has authorised the deployment of 441 soldiers to assist police in “law and order” activities for the Opening of Parliament, the Presidency said in a statement on Tuesday. The SA National Defence Force members will be working in cooperation with the South African Police Service “to maintain law and order during the Opening of Parliament where the President will deliver the State of the Nation Address 2017”. The SANDF will be employed together with the police from 5 to 10 February. An SANDF source told News24 that the deployment was unusual as soldiers only ever took part in SONA in a ceremonial capacity. Source: http://m.news24.com/news24/SouthAfrica/News/zuma-deploys-441-soldiers-for-law-and-order-during-sona-2017-20170207

^ I've seen this! Hectic the amount of money. It's worth a watch. Cannot fathom a life where the children are born with 4 billion dollars and inheriting 20+ billion dollar estates.

What is the thoughts on Platinum? Seems to be at a low and might pick up? Wonder if we will see $1,155 per ounce (R15 550) What are the platinum stocks besides Implats, lonmin and Anglo? I am thinking of getting into Anglo American Platinum for the next 16 months (Going long on platinum)

Hahahaha Definitely, but these are the stocks you "trade" so to speak. NOT long term buy and hold stocks. Example KIO, If I was wise and bought them a year ago: Question is, will KIO hit R500 bucks if I climb in at R180

JSE drifted lower on Tuesday on fears that President Jacob Zuma’s state of the nation address would be a prelude to a cabinet reshuffle. Lacklustre US markets led Asian markets lower. The Nikkei shed 0.35% to 18910 points and the Shanghai composite 0.12% to 3153 points. The Dow was 0.09% lower at 20052 points on profit-taking. Weakness in the industrial‚ financial and food and drug retailers and banking indices weighed on the JSE and the strength of the resource 10‚ gold mining‚ platinum‚ and general retail indices could not offset it. Nedbank Corporate Investment Banking Analysts said although the glut of iron ore‚ copper and oil price continued prices were rallying on changing fundamentals. Data out on Tuesday morning included foreign reserves figures from the Reserve Bank and the Business Confidence Index (BCI) from the South African Chamber of Commerce and Industry (Sacci). The Bank reported that gross foreign reserves fell by $690m to $46.7bn in January. Rating agencies watch this figure closely as it is an indicator of a country’s ability to repay foreign debt in the short term. Sacci said the BCI rose by 3.9 index points to 97.7 points in January from 93.8 points in December‚ and was 5.1 index points higher than January 2016’s 92.6 index points. The chamber said this suggested improved business prospects after tough 2016. At noon the all share was 0.36% lower at 51‚964.7 points while top-40 index lost 0.41% to 45‚168 points. Industrials lost 0.69%‚ financials 0.40%‚ food and drug retailers 0.36%. The gold index was up 0.82% and platinums 0.17%‚ resources 0.38% and banks 0.06% Sasol eased 1.04% to R385.06 and Kumba 0.48% to R195.80. ArcelorMittal was up 1.84% at R13.85 after saying on Tuesday that it had cut its headline loss 80% for the year to December. In golds‚ Harmony rose 3.76% to R36.95 and Pan African Resources 1.48% to R27.50. Impala Platinum added 1.08% to R52.24 while Anglo American Platinum lost 1.02% to R341.92. Nedbank Bank eased 0.89% to R225.97 and Standard Bank 0.25% to R140.27. In financials‚ African Phoenix Investment fell 4.44% to R43. Sanlam fell 1.09% to R61.72 and Discovery 0.28% to R115.15. Woolworths eased 0.35% to R70.91 and Shoprite 1.45% to R172.92. Massmart retreated 1.55% to R128.72. Murray & Roberts dropped 2.27% to R10.75. Redefine Properties was 1.64% lower at R10.79 - TMG Digital/BusinessLIVE

I thought it might be good to have a thread dedicated to Resources and resource related stocks. I was inspired by this tweet - https://twitter.com/Richards_Karin/status/828947904123588608 Use this thread to discuss Resource spot prices and Resource stocks.

I am feeling you, I sold some Rolfes to buy AXL with the hope of profiting quickly on AXL to buy more TAS.

I want more money! I want to buy each time it dips below 180 cents

I wonder if Rolfes will hit 600 cents this year? Seems to be a bit of a barrier at 535 cents

^ Interesting. == I am looking now at this Pembury Group Limited (PL Group) might be worth it?

Watch! Watch how this now gets added in the budget speech if someone tweets this thread to Parliament

That is my issue, vat won't be lowered again. Hence there needs to be some incentive to lower it. They will not lower it again ever, unless they are forced. Since vat is baked into the retail price I feel it would be hugely regressive, with the cost falling mostly on the poor, because lower income people typically consume a higher percentage of their incomes than those with higher incomes. Do not get me wrong I know a vat increase will be a huge boost, but I am trying to look 10 years down the line. A cheap and dirty fix now will not be sustainable and how long before they raise it even more and since Vat is a tax on consumption rather than income this can seriously affect each person individually when food becomes too expensive and Joe on the street can no longer afford the essentials for his family or himself. There must be another way, there must be some other incentive where other taxes can be marginally lowered.

Yes of course, it's by far the easiest and simplest way for treasury to get money needed for development and reducing our ever increasing debt. I get that totally. However I am convinced corruption is what is eating into the money the government receives from taxes in other words I think our current tax system brings in enough money the problem is elsewhere. I mean in 2015/16 The South African Revenue Services (SARS) has collected R 1.0699 trillion in taxes. This surpasses the R1.0697 trillion target by R154.07 million set out in 2015's budget speech. So what I would love to see is something similar to what Trump did with for every new legislation signed in two older ones must fall away. So in essence if they want to lift vat from 14% then something else has to be lowered, but that something must benefit the end end user. Example if they want to raise vat from 14% to 16% then the 29.6% fuel levy needs to be lowered. If fuel becomes more affordable then all goods and services in the country can get lowered and people can actually have buying power again. There has to be a loop that leads back to the end consumer. Now I know it is not really as straightforward as this, but you get what I am saying? We cannot just keep raising taxes where will it end?

Wait what? - Do you want to increase vat?

NFILBI? http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/FixedIncome/ILBI/Pages/default.aspx Yea but maybe the satrix one opens cheaper then I can pick up them bargains. Then again, bonds are not my thing so might have to skip these altogether.

STXILB I'm going to check out

I'm just hoping for a quick 20% and somehow they feel like they might be able to do that. Won't buy them as a long term hold though as they'll probably go bust in the next couple of years.

"I Resign" would be the sought after topic one would hope for. Pipe dreams

Stop! You are making me want to buy more PPC If it touches 600 cents I will climb in.

Here we go boys! Hold tight.

Yaya! Hello @SimonPB welcome!

Finally at the zero mark. Now let us hope I'll be rich by Friday