silver has been hit hard over night sending it below the rising support line. Currently at 16.472, silver is hovering over a substantial line of support that created the entire wave into $22.00. While its possible (knowing silver shorts) that they might try to pull it down further ..its looking to me as though silver is likely to find a low today. Gold is more stable, havent checked the chart as yet though.

ECU may restest the lower/mid 1.80's again, but its likely to be a spike down of limited duration and volume. April should be a strong for the oversold juniors. According to bulliondesk several investment banks still consider gold a buy based on supply fundamentals as opposed to the USD hedge trade.

Also - inflation is only about money supply - not about rising unemployment, the pidgeons will come home to roost.

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