Leon Esterhuizen Quotations

Commodity funds now believe that the dollar can only weaken further so they have nothing to lose by getting heavily into gold.

Commodity funds took advantage of the one-way bet offered by a weakening dollar.

This 11% rise in average revenue, combined with higher output and lower costs, will see earnings rise significantly.

The guys at Gold Fields don't think much of the idea.

It's an interesting move - I don't think anyone expected them to withdraw from mining. It may indicate a strategic call that the precious metal bull run is over.

If I look at the operations, they don't seem to be making money. It's making losses at the operating level.