Dan, did you see this article? I agree only if HUI loses 125...unlikely IMO. ============================================================== G'morning LD, Yes I saw Maund's article which I'm interpreting as an 'oops, excuse me' follow up to his essay of last Wednesday where he came out and said he was selling his entire PM portfolio due to deteriorating technical conditions. LOL!
While I don't 'see' the HUI breaking much from these levels, I do think it will be hard pressed to register any significant gains until the some of the multiple problems plaguing the SA miners are resolved.
The 'problems' I refer to in no special order of significance are the strong Rand, the potential royalty payments to SA Gov't, the July 27 strike threat and last but not least, this week's expectation of crappy earning's numbers for the SA producers.
Fwiw, GFI and HMY are almost 20% of the HUI..... ==============================================================
Royalty plan gets kick in the butt from mining boffs Experts say state's latest mining Bill will stifle investment, writes Hilton Shone
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