George Glynos Quotes

We have seen a recovery in the gold price and commodity currencies have consolidated slightly off their lows, which bodes well for rand resilience. The rand could trade closer to 6.20/22/US$.

- George Glynos

Tags

Recovery | Gold | Price | Commodity | Currencies |

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The rand is coming under a bit of pressure on the back of very strong retail sales data out of the US, but I'm not expecting it to weaken too much further given that the Budget tomorrow is taking centre stage with the locals. It should remain in a 6.12 to 6.20 range. - George Glynos

The underlying fundamentals for both gold and platinum remain strong, which should keep prices relatively buoyant. - George Glynos

There is a socially responsible reason for wanting to redistribute land and foreigners may be purchasing land in rural areas where the government wants to redistribute. - George Glynos