A Golden move for Silver!
My fellow Steemians,
Yesterday the fed increased their short term interest rate from 1.75% to 2%.
Other central banks are still near 0%, but will normally follow the fed.
After a rate increase, the price of gold and silver normally rises.
Last several years the price of gold acted better than the price of silver. That's why the Silver/Gold ratio is currently touching the a historical bottom as you can see on the chart below.
This chart represents the Silver/Gold ratio of the last 10 years.
As you can see the graph peaked in 2011, but after that it went downhill for Silver versus Gold, until it reached the bottom in the beginning of 2016.
That was a huge buy signal for both Gold and Silver!
We recently touched the bottom of the ratio again at the resistance line at 0.12.
Maybe this time we will have explosion higher in the Gold and Silver prices!
Thank you for reading!
slimbeleggen
The public and the World is slowly changing their view that the Federal Reserve is not in control. Interest rates will eventually crash this market and PMs will rise as the USD rises. Manipulators are still in control, nothing that a few thousand paper shorts won't cure and bullish tendencies.
Support to this post and fellow members with REP under 50
When will the manipulation end? ...
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