Hi, do u expect that your last graph second scenario (medium term rand recovery to +-11/$) is still possible?
fabless12
⋅
looking for one more down
No_structure
⋅
Wrong man, wrong! price is falling like 2001. The pattern is a cyclical bearish pattern for the dollar. Market will go to 8$ in the coming years. LONG GOLD.
Hi wave trader, found your idea. Agree. 12 + month campaign though. Good luck.
Duppie_ZA
⋅
uhhh no.....
Im from South Africa and i can tell you that will not happen, The fundamentals within politics and economics is pushing the ZAR down against the Dollar, new presidential cabinet, as well as new management for state owned enterprises. Increase in Value added tax as well in an attempt to cover government dept.
Eskom, SA's and the Sub saharan largest electricty supplier is looking to sign deals this week for green energy as well.
Wave-Trader
⋅
@Jaun.preez, turn your rand into USD before this rise that’s what I can say to you.
AshaDi
⋅
@Wave-Trader, where should we put SL for long to TP 16?
Buckz
⋅
@Jaun.preez, Hi boet!! Not sure this will make much of difference. So much damage has being done to the economy and the countries reputation. Now with this uncertain land grab plans without compensation. It must have the banks and foreign investments nervous. The new president honeymoon is over and he is not exactly shining beacon of hope for the country. I have to agree to Wave-Trader.