INTERIM UPDATE – February 8, 2018
SIBANYE GOLD LTD (SGLJ.J, SBGL.K)
Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products. The Company’s gold project in the Southern Africa region includes Beatrix, Cooke, Driefontein, and Kloof. Its PGM projects include Kroondal, Rustenburg operations, Mimosa, and Platinum Mile. Its other projects in the Southern Africa region include Burnstone, Kloof Decline, Driefontein decline, The West Rand Tailings Retreatment Project (WRTRP) and The Southern Free State (SOFS) project. The Company’s PGM project in the Americas region includes East Boulder, Stillwater, and Columbus Metallurgical Complex. Its other projects in the Americas region include Blitz, Altar and Marathon. The stock is listed on the Johannesburg Stock Exchange as well as on the New York Stock Exchange via depository receipts.
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GLOBAL EQUITY MARKETS – February 3, 2018
REVIEW
2018 started with strong weekly gains. The steady uptrend on the iShares MSCI All Country World Index ETF took a steep shape in January due to back to back long weekly candlesticks. This week's sharp reversal gave back last two week's gains. From a classical charting perspective we don't have enough evidence to call the latest reversal a "market top". Multi month-long uptrend is still intact. We are currently experiencing a reversion back to the averages or to the long-term trend line supports. Global equities can retrace further and major equity benchmarks can still remain in their long-term uptrends. We will need more evidence in the following weeks.
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INTERIM UPDATE – February 2, 2018
Germany's DAX Index experienced a sharp sell-off after reaching all-time highs. Last one week's price action pulled the index back to strong support level at 12,800 levels. Read More
