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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

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  • The mainstream (corporate) media is nothing less than the unofficial accomplice of the banking crime syndicate which is running/ruining our markets and economies. Nowhere is this despicable relationship more apparent than in its deliberate efforts to grossly misinform investors on the critical subject of risk.

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SA Rand & Gold

Updated  July 6, 2020 - Gold in Rand = secular uptrend


South African Rand Gold
south africa flag [Most Recent Quotes from www.kitco.com] Bullish objective R - 42,000
Resistance R - 32,200
Support R - 29,800
Bearish objective R - 25,800
Technical pattern Breaking an all-time record!

Having spent many years in South Africa, I would advise investors not to hold their breath as regards the new president Cyril Ramaphosa bringing improved governance here. Corruption in the country is all-pervasive and is now penetrating personnel in the judiciary. I know this from various contacts I have. The Zuma faction still wields huge influence within the ANC. The black economic empowerment policy has led to totally unsuitable and unqualified people being placed in key positions both in government and in the private sector. Given the current state of the world economy, I would indeed be surprised if the ZAR is not the currency to lose most in value among the emerging markets over the next year.

ZARGold pf3
Short term candle
Chart comments 
ZARGold candle
  • Jan 11-20, 2016: DISTINCT BREAKOUT and BULL RUN resumed
  • Jan 8 - Feb 4, 2017: and fresh upleg
  • Dec 21: end of the correction and screaming BUY
  • Jan 4, 2018: and up we go...
  • March 9 - Apr 24: Strong support + STRONG BUY
  • May 3-May 30: Target is R420,000 per oz.
  • July 3 - Nov 7: Breakout, Bullish Flag and up to an All-Time High
  • Dec 8: breaking up the 50 and 200 days MA and maturing Gold-Cross.
  • Jan 16 - Feb 8, 2019: Sideward
  • March 9 - May 19: about to break ALL-TIME HIGH!?
  • June 6 - Sep 3: ALL TIME HIGH...after All-time high!
  • Oct 5 - Jan 3, 2020: end of pullback/backtest.
  • Feb 5 - March 23: bull run - note the breakaway gap on the short candle.
  • April 9 - July 6: through the roof, it goes...
Long term candle
ZARGold candle2

South African Rand - mind the INVERTED PF-Charts! higher is lower & lower is higher!
[Most Recent Exchange Rate from www.kitco.com]
US $ Euro
Bearish target  $ 22.00  € 24.00
Resistance $ 19.20 € 22.50
Support $ 16.80 € 17.20
Bullish Target
$ 14.80 € 15.20
Technical pattern Bear Trend
Bear Trend resumed

SA Rand and US Dollar:

ZAR pf1
Short term candle
Chart comments 
ZAR candle1
  • Jan 4, 2018: Rand reversed course and is now breaking out versus the Dollar...this points towards a WEAKER DOLLAR.
  • Mar 9: YOUR LAST CHANCE TO SELL RANDS AT A DECENT PRICE
  • Sep 11 - Nov 8: Bear trend resumed.  Blacks are taking away property and land from Whites without compensation.
  • Jan 16 - May 19, 2019: still Bearish...The Rand = SUICIDE CURRENCY! the Rand will devaluate by 46% over the next 3-5 years.
  • June 6 - Nov 11: Rand resumes Bear Trend vs. US-Dollar.
  • Jan 3 - Feb 5, 2020: End of typical yearend correction...expect a WEAKER rand.
  • March 9 - May 10: Bear trend of Rand resumed.
  • July 6: end of BACKTEST...expect a weaker Rand.
Long term candle
ZAR candle2

ZAR LT dec31


Rand in Euro: Has lost half of its value since 2011 - assume you bought a house in Knysna and invested € 500,000 in 2011, today's residual value is € 250,000!

eZAR pf1
Short term candle
Chart comment
eZAR candle1
  • Dec 10 - Feb 4, 2015: expect the Rand will weaken versus the Euro.
  • Jan 11 - June 11, 2016: down it goes...
  • Dec 21 - Apr 18, 2017: SELL the RAND
  • Jan 4 - 29, 2018: bouncing up the trendline or Rand will continue to weaken versus the Euro but strengthen versus the US-Dollar. Conclusion: in 2018 the USDollar will be very weak!
  • Mar 9: YOUR LAST CHANCE TO SELL RANDS AT THIS PRICE
  • Dec 8 - Feb 8, 2019: Knowing what happened in Zimbabwe and Venezuela one has to be crazy to stay in South Africa and keep assets in Rand. Especially Real Estate.
  • March 9 - May 19: Rand will devaluate by 46% in the next 3-5 years.
  • June 6 - Nov 11: Bear Trend of Rand vs. Euro resumed.
  • Jan 3 - Feb 5, 2020: sell Rand and buy Euro's
  • March 9 - May 10: Bear trend of Rand resumed...Now one Euro costs 20 Rand...soon one Euro will cost 30 Rands.
  • July 6: Bear trend of Rand stays in place.
Long term candle
eZAR candle2

 


There is a correlation between the exchange rate of the Rand and the nominal price of Gold:

zargolddollareuro


Gold mining in South Africa is still cheap....changing legislation is - in a Zimbabwe pattern - however killing the goose with the golden eggs!


Updated December 1,  2018 - What happened and happens in Africa is a BLUEPRINT of what will happen in any country and on any continent where life is taken over by LOW I.Q. IMMIGRANTS. whether BLACK, MUSLIM, ARAB,.

What happened overnight in South Africa during the 1990s (I lived it), is slowly but surely happening in the Western World. Whites will soon be outnumbered.

South-Africa has always been the most European country of Africa. It was also the country which was ruled the longest by white people. Since the sanctions of 1960, the Rand has been a weak currency. In 1960 one could fill up his car with ONE RAND. We did some research about the financial situation of South Africa years ago (1990) as The Mountainlands project was started up and at that time the figures looked rather good. Today they look BAD. Ever since the previously disadvantaged have become advantaged. People with a LOW I.Q. (average IQ of the African population is 70) have taken over South Africa and CORRUPTION and MISMANAGEMENT have become part of daily life. Proof of this we have all over Africa. Up to the 1950-60s the standard of living in Africa was excellent (also for the black population). There were law and order, Medicare for all and a good infrastructure. As country after country kicked out the White Colonist, the continent was propelled back to the Middle-Ages. Shit happens if you let a nurse operate a patient!

In the 1970s, South Africa was the world's most prolific exporter of gold. Over the years, industrial decline has seen widespread closures of the mines across the country. However, Johannesburg sits on the biggest gold basin ever discovered. It's perhaps not surprising that many of these abandoned mines have seen a recent boom in illegal mining activity...like we have for years in other African countries.

Click here for the IMF report.

There is a shortage of COAL required to run ESCOM's electricity plants...and there are no plans for new COAL MINES. (Dec'2018)

The Rand must be avoided by all means. It has become a BLACK COUNTRY CURRENCY. During the 1950s & 1960's South Africa was a modern and prosperous country with NO UNEMPLOYMENT. In those years, - under the rule of Apartheid -  the life of BLACK people was on average better than it is today. The country was destroyed by the Media & Communists during the 1990s. [extremely interesting interview below]. A NAIVE de Klerk gave South Africa away to BLACKS and COMMUNISTS and he did it on a silver plate. Mandela's life brought more misery for all South-Africans: black and white. Norway, Sweden, The Netherlands, the Socialists, the Media can be proud of themselves...REALITY is that Mandela was COMMUNIST and a MASS MURDERER who killed thousands of innocent women and children. Mandela is the one which has to be blamed for today's GENERAL Black and White MISERY in South Africa.

Note

What goes around, comes around: it was Norway, Sweden, and the Netherlands which engaged most into what they called Anti-Apartheid. ANC members received their Detonators and Dynamite from these countries. It was the USSR who financially supported all ANC members in Europe. Maybe that was the reason why the USSR went bankrupt in 1998 and Norway, Sweden and the Netherlands have seen such a large inflow of Immigrants.


Zuma is gone (Feb 2018)...finally!..but his successor is even worse.

 

NO African country can and will survive without the receipts of the export of African Commodities: Gold, silver, diamonds, etc... ALL African rulers, how corrupt they may be know this.

 Copyright, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic (28 Jan 2018)


 

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Vandaag sterven er in Belgie evenveel mensen van een auto-ongeluk als van de Corona-virus! Gaat men nu ook al het wegverkeer stopleggen?

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