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Podcast: WorldWide Markets with Simon Brown
Episode: Gold took us up … and Gold will take us down
Description: 🌍 World Wide Markets Ep. 654 — 29 October 2025 🎙️ "Gold took us up … and gold will take us down." 🪙 Gold Takes the JSE for a Ride Gold led the JSE to record highs — and now it's leading it back down. Year-to-date returns: Gold +49 %, Harmony +87 %, Pan African +126 %, DRD +150 %, Gold Fields +162 %, AngloGold Ashanti* +167 %! Excluding dividends! Simon notes clear support around $3,600-3,800, with further downside likely. The Top 40 is up ~38 % YTD, but the Resources Index (Resi) is +93 % — remove that, and the market's ~20 %. Translation: half this year's gains came from gold ⛏️. When gold falls, the JSE will feel it. Simon spots a "kangaroo-tail" reversal candle — 10 straight gr...