With the dollar falling below 78.00, we are now set up to test the lows from November 2010. We may see support here and we may bounce higher...

My guess is we will fall and test the lows at 75.75 from last year and then the lows from Dec 2009 at 74.50.

I think this will put pressure but not much on gold and silver as the price of gold in Euro's and other currencies come under pressure as the US dollar falls.

This will become a buying opportunity for physical in other countries. I see the price of gold and silver falling and base building during this time frame.

How long it continues will be based on the USD and the lows at 75 and 74. If we breach those, the price of G&S will fly as we may be looking at a us dollar crisis. That would be confirmed by a breach of the 72 level....

if we bounce off the 75-74 levels...the price of gold and Silver will fly as they rise in the currencies of the rest of the world.....

I think the relationship between the USD and gold has been broken by the powers that be using derivatives to change the dynamics to confuse the masses.

Cash may be king for a period of time if the dow and gold fall with the dollar...