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Here's yet another BIG PICTURE view on Silver.
Silver's Monthly Chart:
Barring any Big News it's all about the Mighty Dollar, folks. Dollar is strong and holding it's own for now and it's incredible to think that it hasn't sunk yet with all the bad news spewing out on a daily basis. The short of it is: "Everything is going to Shit!" Maybe that's a good enough excuse for Lindsey Lohan to snort a few lines, go off the deep end. With that in mind, the Dollar is OUT of rehab and Silver is IN lockup mode. With very few other cards up their sleeves[i.e. Bin Laden bogie-man card] The Gov't and Ben and his boys ain't got much left when it comes to propping up the dollar. So in short: Dollar UP=Silver DOWN. Still waiting for that big dollar plunge once it passes the 72 support.
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