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A Big Move In Silver: Watch The Currency Markets

From hubertmoolman.wordpress.com

The USD/ZAR chart has been a good predictor for silver rallies. Similar to the US Dollar index, but a bit more accurate or precise. Very important silver bottoms tend to coincide with tops of the USD/ZAR chart. Below, is a chart of silver as compared with the USD/ZAR chart, to demonstrates this fact: The 2001 silver bottom(SB) occurred one month before the key 2001 USD/ZAR bottom. This was followed by a multi-rear silver rally. The 2008 silver bottom occurred in the same month (October) as the 2008 USD/ZAR top. Again, it was followed by a multi-year rally. The 2020 silver bottom occurred one month before the April ... (full story)

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  • Category: Technical Analysis