Gold has pulled back from its recent spike to around $505 an ounce while the rand has strengthened to 6.34 against the US dollar.

This correction was long overdue and we all expected that it will happen at some stage, but the (upward) trend will not change, the fundamentals are still the same.

There's a broad-based recovery in this market after Monday's dip in line with American markets and helped by a weaker rand.

The JSE was lower today on profit taking and the pull back in markets overseas, especially the East. There is no change in the fundamentals.

Monday was a very big day but the market is volatile and I guess there was some profit taking but industrials and some insurers are stable.

Despite the strong rand the JSE remained strong, which showed that there was a lot of positive sentiment.