Silver Now In Line To Hammer The US Dollar? / Commodities / Gold and Silver 2021

It is still all about US dollar Meltdown.All the the assets that act as a safehaven from US dollar meltdown are takingtheir turn to hammer the US Dollar.

Silver has been lagging assets like gold andBitcoin from a short and long-term perspective. Silver is still way below its1980 all-time high, as well as its 2011 high.

When it is the time for silver to run, thenyou should know that trouble is about to get real (especially when $50 issurpassed). It was the start of this massive fraud when silver was demonetized, and it is soon to be the end of it, when silver will re-emerge as one of themost significant monetary assets.

The fact that silver is still way below itsall-time high means that the worst is yet to come for the world economy, andfor the world in general.

Bitcoin has been hammering the US dollarsince the last quarter of 2020, rising from around $12 000 to a high of about$41 000. I previously pointed out how silver and Bitcoin are following eachother in this takedown of the US Dollar.

Bitcoins seems to have followed the path (following silver) as expected, and the baton has likely been handed to silver.

Silver is now on the verge of an importantbreakout, which will likely follow what Bitcoin has been doing since the lastquarter of 2020:

I have marked similar patterns (1 to 5) onboth charts to show how they could be similar. Bitcoin has already exceeded itspoint 3 high.

Silver is still lagging below the recenthigh (point 3 high), and will eventually follow Bitcoin higher than point 3 inthis comparison.

Silver is now on the verge of going higherthan the point 3 high. It is where Bitcoin was at the end of October 2020, witha substantial rally straight ahead.

Again this similar behaviour of the twocharts are due to the US Dollar being the common factor. The US Dollar sets thetone (tune) and silver and Bitcoin act like two voices on the same tune.

Conditions are much like 1973 after theNixon inauguration (see chart below), where silver and gold had a great year,but the Dow tanked. More on this another time.

The big picture is still in play:

For more on this, andsimilar analysis you are welcome to subscribe to my premium service. Ihave also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

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