This is a repeat of Scoutaz's previous post.

11:40 EST UPDATE:
The volatility in the PMs continues to be impressive. Do not let your heart be troubled, however, as this is a natural, bottom-building process. It is all good.
I felt I must update on the dollar because we are about to reach a very critical juncture. First, look at the continued breakdown:

Now. look at it from a longer-term perspective. Note the very important low of 11/3/10. That's where we're headed. It's a low that corresponds with the announcement of QE2. If/when we break that level...well, it ain't good for the ole greenback.

If/when 76 fails, we're headed to 74 and when that goes the ultimate low of 72 will be in sight. If 72 were to fail, bend over and kiss your ass and all that you've ever known goodbye as we will have entered into a world where all bets are off...the proverbial "beyond here there be dragons".

This dollar weakness is, of course. pushing all things dollar-denominated higher. Stocks, industrial metals, grains...all moving higher. The CRB is confirming yesterday's range breakout as it stands at 341.53, constrained only by weakness in crude and the PMs.
Copper is soaring, however, and I have a last of 453.30. The intraday high of 1/3/11 was 449.70 so any close above there is extremely bullish and, eventually, that strength will spill over into the PM pits and create an avalanche of buying that Blythe won't be able to contain.
Much more later...TF