Justrade gets a mention in miningmx.com article by Marc Ashton
Here is the link:http://www.miningmx.com/news/gold_and_silver/Gold-price-fever-to-continue.htm

Here is the mention: "Rory Mackay of binary options trading firm Justrade.com said that interest in his firm's daily gold contracts had been growing since it started listing the instrument two months ago.

Using binary options, traders can take a daily or weekly view on the gold price at various levels with active trade above the $1,055 and $1,065 levels for Friday close.

"Big picture wise, India is saying it would rather have gold reserves than dollar reserves," said Mackay adding that it meant that this was a slightly different approach to China which had tied much of its wealth to the US dollar.

Asked whether Justrade would be adding contracts with higher strike prices during the week Mackay said: "We'll list keep on listing as the price moves." "

This is Data week for South Africa due out this week:
Medium Term Budget Statement Tuesday at 14h00
CPI for September on Wednesday at 11h30
PPI for September on Thursday at 9h30
M3 for September on Thursday
As well as PSCE for September and finally on Friday we have Trade Balance for September.

Should be an interesting week take care out there.

Here is a chart that is really a bit scary.
Read Andy Kessler's article here: http://www.andykessler.com/andy_kessler/2009/09/dow-jones-vs-the-monetar...

He figures that the market gives out before the printing press does...

Marc Ashton has started a venture called Rival Pioneers see here http://rivalpioneers.bundublog.com/
What is it about?
"Rival Pioneers is a South African entrepreneurship initiative aimed at developing young business people in South Africa and incubating small businesses through their start-up phase."

Go take a look and see what you can do there.

We are privileged to host Charles Snyman from Efficient Group's thoughts.

The Money Quote: " Over and above the 780Trillion US$ stimulation package currently applied by the American government they have record twin deficits. The above four facts are the driving force behind the rising call for the creation of a new world currency as an alternative to the dollar. The governor of the bank of China proposed that the International Monetary Fund take over the role of global financial leadership, a role traditionally ceded to the US."

Read it all...

Gold's PM fix yesterday just a little over 1000 USD. This commodity is attracting interest, especially on our daily contracts. We have seen volumes climb and are getting better liquidity and depth.
currently we are seeing tight spreads 5 points or so and between 5 and 3 contracts a side.
Go and check it out worth a trade.

An article in the UK Telegraph: http://www.telegraph.co.uk/finance/economics/6147211/Barack-Obama-accuse...

The Money Quote: "It is also not impossible that the US will experience the kind of economic collapse from first to Third World status experienced by Argentina under the national-socialist governance of Juan Peron."

Ouch.....

This is a great post on basic economics: http://tartanmarine.blogspot.com/2009/08/economic-facts-of-life.html

The Money Quote: "There is no political freedom without economic freedom and property rights."

Enjoy

Fed official says that real US unemployment rate is at 16% :
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart."

Read it all here: http://www.breitbart.com/article.php?id=CNG.4452bed82adf3124e5884678e236...

Here we have a preview of a new research house, that will focus on online research for the retail South African investor.
Here is a sample of what they will be offering (See the attached PDF)
As usual here is the Money Quote: "After a delayed birth in 2000 and and a dull and prolonged infancy in this country,ETF's have certainly hit adolescence recently"

There are now 26 ETF's in South Africa with more in the pipeline.

A shocking statistic quoted to me in conversation with the guys from GT24/7 0.5% of South Africans trade or manage their own portfolios. Get with the program guys the fees are killing you...

Read the whole thing.