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| Dollar gapped up a few days ago and is testing its upper channel, looking for this to be faded by the currency technicians, should give the metals, energy, and softs etc a boost (much needed boost). Look for that gap to fill and test the lower end of range by middle of next week. |
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Barely hanging on here at some minor support levels seem to be stock in a channel since the highs of November remains to be seen where we go from here, don't think things are any better out there, no fundamental changes in the economy so remaining long buy back around 128-130 range. |
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| Silver keeps getting sold off it sure looks like the big volume sell off is yet to come. This low volume selling may be a fake out to suck people in before they really blast the longs. 50dma in sight lets keep an eye on this key level and see how people react. There has been good physical buying as silver prices have come down, same goes for gold. |
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