Stock Watch- Stock Picks - AngloGold Ashanti and Mondi

Greg Katzenellenbogen Sanlam Private Wealth chose Anglogold Ashanti as his stock pick of the day. He believes that over the next couple of years we are going to see a massive rise in the price of gold and that is not only because we will eventually see a weaker dollar but we will see the return of inflation in a couple of years time.

Chantal Marx from FNB Wealth & Investments chose Mondi Ltd as her stock pick of the day. Technically there is a quite a bit of momentum behind Mondi at the moment and from a fundamental perspective the valuation still looks quite compelling relative to its expected growth profile. It also came out with a trading statement on Monday that beat the market expectation by quite a significant margin which tells you that the market isn't quite pricing this stock correctly.