As expected the Bank sector has taken a huge hit.
At the start of the year I was extremely negative on this chart pattern with the huge rising wedges in place.
I also detailed in my daily reports that the Rand was ridiculously overpriced at R12.50.
The Gold price is set for a serious upside break above the current $1250 resistance.
I remain negative on all global general equity markets for 2017.
I also remain bullish on the gold shares with platinums as backup s detailed in my forecasts for 2017.