Despite USD weakness the Rand promises to be stiff competition with impending downgrade to junk status. The drought is receding, the economy is stagnated and the consumer is exhausted. Inflation prospects appear muted. Without further rate increases there is no incentive to foreign funds here.
Fundamentally SA has established itself as a phase III banana republic. Playing pseudo democracy via tribalism to the applause of the the blind liberal twits of the planet whilst buying voter favor via social hand outs that serve to increase debt and childbirth in a climate of economic decay and top down corruption. Recent riots for free and easy university...
Copper was slow to bottom early 2016 but has restored its traditional lead on gold.
Some retrace here is to be expected. Copper should target iv.
Gold can go at least 50% back toward 2.
After that gold can make the move up in the famous wave iii of 3.
Without the vision and disciplined application of the Elliott Wave Theory the chart is totally unreadable. All other interpretations are like fake news. There is no comparison because there is no equal.
As you see there is no need for dismay or alarm. Your gold is very safe and is from here on the most secure store of value. As it was so shall it always be. When all is long gone only gold will last forever.