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April 11, 2019 | Turkey vs. South Africa. Which Country Do You Think Has a Brighter Future?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

Our bet is on Turkey, despite the near-term concerns. South Africa seems on the path to be the next Zimbabwe unless major changes are made soon. Take a look at how the South African Rand has outperformed the Turkish lira since 2008. A nice symmetrical A-B-C corrective pattern with “equality”; i.e. A Wave = C Wave, into the low near 2.0000. Also note the extension of Wave 5 of the larger (C) Wave is a perfect 61.8% extension of Wave 3 of (C). Hmmm….needless to say, given the inherent volatility, this is a long-term position trade long.

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April 11th, 2019

Posted In: Black Swan Currency Currents

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