PDSNET ARTICLES - JULY 2020

Silver on the move?

One of our clients, Mr. Koot Jordaan, drew our attention to the fact that the rand price of silver, which has been underperforming gold since 2011, may be making an upside breakout.
Mr. Jordaan suggested that silver in both rands and US dollars had been moving in an extended sideways pattern. Consider the charts:
Silver in US dollars

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On Balance Volume

The On Balance Volume (OBV) indicator was developed by Joseph Granville in 1963, when he published his book “Granville’s New Key to Stock Market Profits”. Basically, Granville drew investors’ attention to the importance of the daily volume traded in a share. His motto was “volume leads price” – by which he meant that you will often see sharp rises in volume,

Oil

In previous articles we have suggested that the price of North Sea Brent Oil would be a good benchmark for the world’s economic recovery from the COVID-19 pandemic. The first indication of this predictive role was when oil broke down clearly through support at $50,80 per barrel on 28th February 2020. At the time, this downside break was difficult to understand because the full

Stadio

When it listed on the JSE, Stadio was one of those shares which was widely perceived to have almost unlimited “blue sky” potential. Riding on the back of Curro’s success and Chris van der Merwe’s (the CEO at that time) reputation, it was thought that Stadio would do as well as Curro, if not better. Like Curro, it was thought that there was a virtually no limit to Stadio’s potential

The Confidential Report - July 2020

America

A week ago, world markets were discounting a rapid recovery from the COVID-19 pandemic. Then the number of cases in America began to spike up. Until the middle of June there had been a steady downward trend and then suddenly the number of cases began to rise with 31 000 on the 20th of June, 33 000 on the 23rd, almost