Do not hold everything as gold that shines like gold

Do not hold as gold all that shines as gold.

To hope is to enjoy

The gold price is still up there and platinum is still trading above $1,000. That still points to a stronger rand. We could see a sharp weakening in the rand if the commodity prices lose steam.

There's been a wave of consolidation in the sector over the last year. The world's gold producers have been functioning in survival mode for a few years. They've had to deal with the same issues as other base metal companies -- shaky demand, falling prices for commodities and criticism for being a waste of capital and destroying shareholder value. That's changing.

The gold price at these levels still helps the rand immensely. It's still pretty good going for the rand.