Leon Esterhuizen Quotations

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

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

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

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.

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