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Good Morning Voornaam,

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Gold is just too hard

I've basically given up on the yellow metal. With so many good reasons why it should've done well in recent times, all I've experienced is that inflationary pressures end up hurting the miners an d not doing enough good for the gold price. Perhaps things will change, but for now I took profits after the recent rallies.

A flurry of earnings updates seems to support what I did, as gold miners really aren't shooting the lights out and the gold price has come under recent pressure again. DRDGOLD only grew its earnings because it is holding on to cash and earned a better interest rate than in the prior year. Gold Fields saved its earnings result by earning a break fee from the Yamana deal. As for actual mining? Yeah, that's not great.

Positive updates yesterday came from Emira Property Fund (including some interesting commentary on the office sector), Glencore (signing off on a spectacular year) and Life Healthcare which seems to be attracting unsolicited bidders for its European assets. In a bumper edition of Ghost Bites, there was also news from AngloGold, Cashbuild, Gemfields, Jubilee and Murray & Roberts.

I spent an inordinate amount of time yesterday working through SENS so that you don't have to. Get the important stuff in Ghost Bites here>>>

And remember, the Ghost Wrap podcast (brought to you by Mazars) is a fantastic way to catch up on the prior week. With news on 9 companies in just over 7 minutes, give it a whirl here>>>

Dollar strength continues

With a US Retail Sales print for January that was higher than expected, the market stayed bullish on the dollar. The rand closed the day above the R18.00 handle. Despite the US strength and our local issues, TreasuryONE believes that the rand feels overwhelmingly overstretched at current levels.

Palladium lost a massive 3.5% on the day, under pressure from a slowdown in demand and news of the European Parliament banning new non-electric vehicles from 2035. Gold and platinum also fell.

Podcasts to improve your day

Get those earphones out. Here are two great podcasts for you to learn from:

Siyabulela Nomoyi of Satrix joined me on Ghost Stories to talk about China and its importance to the South African economy and market.
Justine Brophy of AnBro Capital Investments was our guest on Magic Markets to discuss artificial intelligence and how to cut through the hype.

I hope you have enough energy left for Ghost Bites. Trust me, you're going to need it when you see how busy the JSE was yesterday!

Good luck out there.

Ghost Bites (AngloGold | Cashbuild | DRDGOLD | Emira | Gemfields | Glencore | Gold Fields | Jubilee Metals | Life Healthcare | Murray & Roberts | Pan African Resources)

AngloGold, DRDGOLD and Pan African Resources all released updates in the gold sector. Glencore had a terrific year. Life Healthcare shareholders got a nice surprise. Look out for several other company updates as well!

Dating stocks to fall in love with

As you recover from Valentine's Day, Chuck Saletta from EasyEquities Research takes a look at the ways to invest in love.

When your tax-free returns ghost you...

While market turbulence is a natural aspect of investing, there are practices that could help smooth out that turbulence, such as building a diversified investment portfolio.

Magic Markets Ep111: AI - Cutting Through the Hype

The markets are buzzing with anything AI-related. Hype is always dangerous in investing, so we decided to unpack this topic with Justine Brophy of AnBro.

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Ghost Wrap 11 (Bowler Metcalf | PPC | Renergen | Orion | Sappi | British American Tobacco | Kaap Agri | Pick n Pay | Spur)

Welcome to your whirlwind update on the most interesting stories on the JSE in the past week, brought to you by Mazars.

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Ghost Stories #5: The Importance of China (Siyabulela Nomoyi, Portfolio Manager at Satrix)

In this episode of Ghost Stories, Siyabulela Nomoyi (Quantitative Portfolio Manager at Satrix) joined me to talk about the importance of China not just to our market, but to global markets in general. We also talked about how to invest in Chinese assets.

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