Well after a brief correction on gold and silver, last Friday, gold, silver (and even the SPY) formed a new high, and so we have a series of higher lows and higher highs. This would seem to support the thesis of a continued rally for gold, silver, miners, and as much as I hate to admit, the SPY. For sometime now, the performance of the market seems to be inversely proportional to the USD, and it seems like the USD is breaking a support.
But again caution is warranted. The USD could easily rally to the upper descending trendline, thus causing a nerve racking correction. Could it happen? Anything can happen. Will it happen? Who knows, it depends what the PPT and big money decide to do, but so far it seems to be reasonable to expect "THEM" to sacrifice the USD for continued rally in the markets. Futures are down Sunday nite. We'll see what happens tommorow.
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