The all-new BMW M4 CSL

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 The all-new BMW M4 CSL: The Legend is Reborn To celebrate their 50th anniversary, BMW  GmbH presented their fans with a special edition car based on the high-performance  models. The new BMW M4 CSL combines old-school racing passion with the latest innovative technology to yield a beast of a car. Competition, Sport, Lightweight. In case you haven't figured out, that's what the CSL stands for. The car posses the next-level power and intelligent lightweight design, model-specific chassis upgrade on the two-seater configuration. The M4 CSL share similar performance specs with the BMW M4 GT3, the M4 CSL clocked the fastest Nurburgring's Nordschleife circuit lap times for a series produced BMW car. The beast boast 3.7 seconds from 0 - 100 km/h, and 10.7 seconds sprint from 0 - 200 km/h! BMW plan to produce a limited 1000 units of the lightweight beast, only weighing 1625 kg, giving it a power-to-weight ratio of 4.01kg/kW. Impressive. Significant amount of weight have been shed
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Technical Insight_002

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Few interesting charts to kick off the trading week. 


Anglo American Platinum (AMS)



The stock is back near R1500/share, an area of value. Although the stock is trading below its 200EMA, it may find support here, especially if there is still commodity appetite in the markets.


BHP Group PLC (BHP)



Another mining giant falling on its knees. The stock broke below the 200EMA, and the head-and-shoulder neckline, a not so attractive confluence. R365-ish is the next potential support.


DRD Gold (DRD)


In my defense, gold attempted a short-lived trend reversal, and I dived in to buy the dip. As you can see, it ended in tears. I am now bearing on gold, and most mining stocks after I exited my Sibanye position.


Pan African Resources (PAN)


Let us wrap up the horrible resources stocks with PAN. Another failed trade. You do not need any more convincing that at the moment gold stocks are a no go zone. Sure, most of these companies have loads of cash, they will afford to pay dividends. But, do you want to shed 10-20% of your capital for few Rands in return? 


PSG Group (PSG)


On the positive side of life there is PSG. Do not have a position yet but I am keeping an eye on this stock. It may be a good buy in the near future.


Sun International Ltd (SUI)


The SUI trade is still shooting from all barrels. Tsogo Sun is doing great as well, to me it is more of a BEE company so I am of the opinion that its operation are limited to South Africa whereas SUI is "the largest gambling company in the southern hemisphere." Technicals first but I do think about fundamentals every once in a while.


Okay, enough charts for today. Have you seen my crazy plan? See below.



Location: Pretoria, South Africa

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