Check out this compression, when Harmony erupts there will nothing Harmonious about this 9 year old pressure cooker blowing a seal.
Harmony has underperformed its brethren - GFI and ANG of late so is due to play catch up - possibly explosively so. .
An update on the JSE All Share top call and "so far so good"
Although lets see what transpires over the next few weeks. With "Helicopter Ben" and his entourage of World Central Bankers flooding the markets with cheap money, and the JSE being a "lucky" recipient thereof as overseas investors (and pensioners) look for a return greater than 0.25% - we could get more "shots in the arm" to keep this patient breathing. Can you say QE3?
Unfortunately a side affect of these shots i.e. paper money being devalued is the astute start looking for hard currency (read commodities) to preserve their wealth. Oil spiking, food prices sky rocketing - say thanks to Ben your friendly Uncle at the "Dollars for All" store.
The world is being turned upside down so to speak, things are degenerating fast in environments where pressure has been building for years due to continuous oppression and suppression of basic human rights and dignity. Where communities spend 70-80% of their disposable income on food, inflation is not a welcome sight. And our friendly Uncle Ben demonised deflation - think these communities would mind food prices dropping.....? We are heading for truly tumultuous times, I instinctively feel it will be getting a lot worse before it gets any better. And when things start escalating, they start escalating quickly. There is a very fine line between what we define as normality - civilized co-operation between states - and outright degeneration to full scale war and occupation of territories. Saudi Arabia is the next potential danger zone and the Western World might try to step in if things get out of control.
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