331
Shares / Re: The Rand
« on: February 24, 2017, 11:10:04 am »@Orca what do you think of my reasoning above? Am I completely missing the point or am I on the right track?
I can't find your post on this thread.
Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
I can't find your post on this thread.
332
Off topic / Re: Live chat
« on: February 23, 2017, 08:50:56 pm »
gcr must be doing penny stocks and not saying how much he lost beforehand or he is a billionaire.
333
Shares / Re: The Rand
« on: February 22, 2017, 10:15:45 pm »
What TF? Here is my reason for not exchanging my money to USD. I did warn you.
335
Shares / Re: The Rand
« on: February 22, 2017, 06:51:08 pm »
Forget about fast food and look at it this way:
SA has a trade surplus. ie...Exports exceed our imports. So foreigners are buying SA products more than what we are buying from them.
This is good for the ZAR as they are buying ZAR via products. The ZAR will keep strengthening as long as we have a trade surplus. The revival of the commodity sector (SA is commodity driven) is the main driving force of the ZAR increasing in value.
Negative local political news will drive the ZAR down but as long as we have a trade surplus it will eventually regain lost ground depending on the severity of the news.
This can get complicated when comparing to currencies other than the USD.
SA has a trade surplus. ie...Exports exceed our imports. So foreigners are buying SA products more than what we are buying from them.
This is good for the ZAR as they are buying ZAR via products. The ZAR will keep strengthening as long as we have a trade surplus. The revival of the commodity sector (SA is commodity driven) is the main driving force of the ZAR increasing in value.
Negative local political news will drive the ZAR down but as long as we have a trade surplus it will eventually regain lost ground depending on the severity of the news.
This can get complicated when comparing to currencies other than the USD.
336
Off topic / Re: Live chat
« on: February 21, 2017, 09:04:42 pm »
It is not available as it is a penny stock at 63c.
337
Shares / Re: The Rand
« on: February 21, 2017, 09:02:37 pm »Quote
Okey so in the real world, what does fair value mean? It doesnt appear to be something that is at all possible to attain?
With FX it is difficult to say and that is why the hamburger index was invented.
338
Shares / Re: The Rand
« on: February 21, 2017, 03:24:05 pm »
I'm not saying it will get to 8.00 by a long shot. Fin24 BM Index showed the ZAR to be fair value at R5.84 in July last year but the economic growth and political climate has not been factored in.
http://www.economist.com/content/big-mac-index
http://www.economist.com/content/big-mac-index
339
Shares / Re: The Rand
« on: February 21, 2017, 02:29:20 pm »
As per Moneyweb about a month ago: The Big Mac Index is a widely used and accurate index for Fair Value. The BM Index shows the ZAR to be fair value at 8.00
This correlates very well with Moons chart. If you extend the average chart inclination prior to when the ZAR became so volatile it would be at 8.00 now.
This correlates very well with Moons chart. If you extend the average chart inclination prior to when the ZAR became so volatile it would be at 8.00 now.
340
Shares / Re: The Rand
« on: February 21, 2017, 10:59:28 am »Quote
I am willing to bet anyone the zar will continue to weaker the coming 20 years
What you say there, no one will dispute and it is a no brainer but it will only do so after the zar has reached fair value. That could be R11.00 or R12.00 but once reached she will start weakening by the normal 2,5% pa again.
341
Shares / Re: The Rand
« on: February 20, 2017, 05:20:03 pm »
Even at R13.00 the zar remains oversold. She may head for R12.00 or less and you would get a margin call.
342
Shares / Re: The Rand
« on: February 16, 2017, 09:36:26 am »
@P. There is no reason for the zar to reverse its bull trend unless shower head fires Pravin after his speech. I doubt he will do that as it will surely look like fiscal capture. All major resistance levels have been breached so we may see sub 12 soon.
Modify message
Modify message
343
Off topic / Re: Live chat
« on: February 14, 2017, 09:35:46 pm »
ZAR made another poke at the 13.23 area but failed. let's hope she now stays below it and reaches the 12.99 and lower.
344
Off topic / Re: Live chat
« on: February 14, 2017, 02:05:07 pm »
Sounds like great fun P. Enjoy but hurry now as the zar has broken through the 13.23 strong resistance and strengthening.
345
Off topic / Re: Live chat
« on: February 13, 2017, 03:54:31 pm »
Deleted my previous post. I did not realize that earnings report came out today and it looks like the HEPS was up by 2%. This is knee jerk.