Here's the thing: Gold peaked and the dollar bottomed on the same day four weeks ago, November 3. The USDX then "rallied" (not really a rally, more like an appreciation vs the equally worthless euro) four and a half points. It went from 76.62 on 11/3 to 81.52 on 11/30. In that same time period, gold incredibly only declined from 1412 to today's 1398. If I'm right and the $ bounce is over, you can probably imagine which direction and how far gold and silver are about to go. See below. More later after the Comex close.
1:00 PM EST UPDATE:
Gold is suddenly sinking fast. I saw a rumor that margin requirements were being raised...again, but I can't find anything to substantiate it. Maybe just more EE BS manipulation in an attempt to scare longs and derail momentum. If I hear something concrete, I will immediately post it. TF
My friend Cognitive Dissonance posted this earlier at ZH. Copied and pasted below for your viewing pleasure.