Most of the Rand hedge stocks that have rocketed as a result of the sell off in the Rand are fast approaching sell groupings.
This implies that the currency does not have much further to fall and is likely to consolidate around the R13.6 level.
What is of interest are the resistance levels on the gold price and several gold shares that are ready for an upside breakout into a new bull trend.
At the start of the year I was totally negative on the banking sector and bullish on golds and platinums. So far, so good.