🇺🇸 US Inflation – Numbers come in softer than expected 📊, fuelling hopes for a **September rate cut** from the Fed 🏦.

⛽ Sasol trading update – PE under 3 😮, H2 profits looking stronger, and the market loving it (+9.7% 🚀).

💰 Share buybacks – Why US companies love them, the tax angle, and Apple's massive \$100bn spree 🍏.

Apple out standing shares

🪙 Gold & the Resi10 index – Resource stocks roaring in 2024, +72.5% YTD 🤯, but will gold break out of its range?

Gold Weekly | 12 August 2025

🇨🇳 China trade surplus – Despite tariffs & tensions, it hits a record \$1.2 trillion 📦.

🖥️ Trump vs. Nvidia & AMD – AI chip sales to China now taxed at 15%, and Beijing warns against buying certain models 🤖.

📊 Tool – Just One Lap's ETF Database is live! Filter by issuer, classification, tax-free status, and even search top holdings 🔍.

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Simon Brown

* I hold ungeared positions.

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