South African Gold Miners, Dollar/Rand Rate and the HUI

Posted on November 19, 2010


19 November 2010

US dollar/SA exchange rate

The Dollar/Rand exchange rate is a very important rate for South African gold miners, as well as an important proxy for gold miners in general. Together with some other indicators, this ratio can tell us when gold miners are about to increase in real terms—that is, as compared to all other asset classes (including gold itself). When this happens, you really want to be in gold miners.

I can tell you that by all indication, especially my unique fractal analysis, we are entering such a time. This article is an attempt to illustrate why I think we are entering the time where gold (and silver) miners will be the best performing asset class over the next many years.

Below is a 5-year US dollar/SA rand chart.

To continue reading:

http://hgmandassociates.com/2010/11/19/south-african-gold-miners-dollarrand-rate-and-the-hui-by-hubert-moolman/

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