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Silver Price Forecast 2016: A Powerful Signal for the Coming Silver Rally
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
hubertmoolman.wordpress.com / Hubert Moolman / April 19, 2016
The silver price and the US Dollar/South African Rand exchange rate (USD/ZAR) have a very interesting relationship that goes back a long way. Due to the nature of this relationship, I have found the USD/ZAR chart to be a good tool for determining a silver bottom.
In Jan 1980, when silver peaked at about $50, the USD/ZAR was trading at around 0.817. Today, the USD/ZAR rate is trading at about 14.366 – about 17.6 times higher than the Jan 1980 rate,whereas silver is trading at $16.2 – almost three times lower than the Jan 1980 high.
So, in the long run, the two move in opposite directions. When the USD/ZAR rate is moving up, then the silver price is moving down, and vice versa. Furthermore, when the USS/ZAR rate is making a top, then a bottom in silver is normally very close (before or after the USD/ZAR peak).
The post Silver Price Forecast 2016: A Powerful Signal for the Coming Silver Rally appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/19/silver-price-forecast-2016-a-powerful-signal-for-the-coming-silver-rally/
