Rand Gold Price vs JSE Gold Index by Hubert Moolman

Below is a chart that compares the Rand gold price to the JSE miners (JSE Gold Index):

The blue(ish) chart is the Rand gold price and the black one is the JSE Gold Index. I have indicated similar “fractal” positions, which indicate that we are at a point in time where both charts should rise significantly. The other important point to note is the fact that the JSE Gold Index should catch-up with the Rand gold price over the next 18 months or so, just like it did from late 2001 to middle 2002.

Warm regards

Hubert Moolman

http://hgmandassociates.com