The US index 93 level is looking at risk now to the downside. Once this goes there is no real floor for quite a while… if at all at this stage as I see it. A 40-50% reduction from 100 level looks more than likely on the long term charts. We peaked out recently (last year) on a long term downtrend. This ties in with a reduction in long term yield over the last 30-40 years on an averaged trend.
Gold/Silver readying to move much higher imminently having stabilised (GOLD) over US$1200 and (SILVER) over US17. Key US$1300+ and US$18 targets are in sights and once they fall (which they will) large moves up will follow.
93.86 and falling US dollar index.
Big moves imminent as we move in to early May.
JFI
gold, page-807
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