The Gold Rand Price
posted Dec 14, 2004 at 09:20PM
The rand continues to display supernatural strength. The gold price in rand approaches critical support. One would think it should hold. But if doesn't, a longer term chart implies you can kiss a nice chunk of the SA African gold industry good-bye.
On the other hand, a break-out through long term trend-line resistance would have extrememly bullish long term implications.
A chart to keep tabs on.