See the platinum update for August 2015
The first glimmerings in resource shares are there. They were now in free-fall for a number of months.
It would be best to stick to the mining houses now ,as all have suffered from the prolonged sell off and are badly in need of reinvestment funds.
I for one have always found that individual shares out perform index funds. How now that things have deteriorated so far that a very good index fund having the top ten resource shares would save one from making the wrong decision.
Such a fund is the Satrix resource fund, about sixty percent of the fund is in Billiton and Anglo and the other half in the other eight leading resource shares . The code is STXRES.
This ETF (Exchange Traded Fund) is especially suitable for us local South Africans, as the Rand has weakened to such an extent that the dividends in Rand terms will be much stronger. Added to this both BIL and AGL have most of their portfolio outside the country.
Most of the shares have issued statements confirming that they expect better results as well.
