Market Wrap - Stock Pick — Anglo American
Sam Mokorosi from Vunani Capital chose Anglo American as his stock pick of the day. "In the last year we were very positive on precious metals. Gold for the geopolitical kind of angst that we're seeing and that continues. Platinum because of the use in cars and more on the platinum basket so, that theme continues into 2020. Specifically we like the platinum miners, we think rhodium and palladium are going to keep rallying, we think that the Platinum price is going to catch up soon because the PGM basket also needs a balance - a rebalance. Of all the platinum miners we like Anglo Plats the most, they don't have any big capex expenditure that's required, all the cash that they'll be generating is going to go straight to shareholders, so we continue to double down on the platinum miners."