USDZAR Long

FX_IDC:USDZAR240

U.S. DOLLAR / SOUTH AFRICAN RANDICE

Description

⋅ Dec 15, 2017 1:00 PM

Rand way over-valued, should be at least in the 14.00s by the end of the year. Long dollar

Comment

⋅ Dec 15, 2017 1:02 PM

So, this weekend, that governing party of South Africa, the ANC (African National Corruption) are having a conference to elect a new leader.

Should Jacob Zuma's wife be elected, this country is FUCKED, this currency is FUCKED, we are all FUCKED. But you'll make money on this trade so it's ok.

Trade closed: stop reached

⋅ Dec 15, 2017 8:11 PM

Ramaphosa being priced in. May see a sudden turn of events if Zuma's wife gets elected somehow

Comment

⋅ Dec 15, 2017 8:18 PM

Comments

ParinD30

⋅ Dec 15, 2017 4:33 PM

Is this idea still valid? Price at 13.17ish now, thanks

UnknownUnicorn897809

⋅ Dec 15, 2017 8:06 PM

@ParinD30, stopped out, seems that people are speculating Zuma's wife won't get in, and Ramaphosa instead

ParinD30

⋅ Dec 15, 2017 8:08 PM

@ZABTC, looks like rama is being priced in right now. Im still holding a long for longer term...will see how it plays out

UnknownUnicorn897809

⋅ Dec 15, 2017 8:10 PM

@ParinD30, good luck - we may see a plot twist and Zuma's wife get elected, you never can tell. This is Africa, after all

ParinD30

⋅ Dec 15, 2017 2:33 PM

What is the likely hood that zuma wife gets elected?