Friday, April 25, 2014

Silver Forecast & Silver Miners Prediction

Silver Forecast: Last month Ross Clark and I had a long discussion about where we forecast silver price to be in 2014. Interestingly enough, we both has a similar prediction. Both of us have been watching silver like a hawk because historically the more silver lags and underperforms that of gold, the more bullish our silver forecast was in the long run.
The point of this article is to make you aware of a possible major breakdown in the US dollar index and to provide you with a silver forecast. If the dollar chart does in fact break down then we will see the Euro rally and see commodity based currencies like the Canadian dollar, and Aussie dollar rally. This would also be bullish for commodities in general.
The US dollar index is clearly showing a topping pattern which if broken will trigger a waterfall sell off in price. (more)

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