The Johannesburg Stock Exchange is unlike any other exchange in the world. It is the global centre of gravity for gold and platinum group metals (PGMs) — and home to some of the oldest and most storied commodity companies in history. Anglo American, Gold Fields, AngloGold Ashanti, Impala Platinum and Kumba Iron Ore are all listed here. For commodity cycle investors, JSE is a must-watch exchange.
No other country produces more platinum than South Africa — over 70% of global supply. Platinum and palladium are not among Signycle's 18 tracked signals yet, but they matter enormously for JSE stocks. Platinum at $980/oz is in neutral territory — below the highs of $2,400 seen in 2021. The platinum cycle is driven by auto catalyst demand (catalytic converters) and, increasingly, hydrogen fuel cells. A PMI recovery would be strongly positive for platinum, and therefore for Implats and Amplats.
JSE is primarily a SELL zone right now for gold and copper. The opportunity in South African commodity stocks comes when gold corrects to $1,500–2,000 and copper to $6,000–7,000 — levels that historically produce extraordinary returns from these companies. Set price alerts and revisit when the signals flip to BUY.
Cycle score 82/100 · 7 signals in SELL zone · Recession probability 54%
📊 Full Dashboard🇿🇦 JSE South Africa Stocks