Gold and Silver Waiting on USDX - No Bottom Yet

From sunshineprofits.com

Silver still has some way to go before bottoming. It has not rallied despite a lower USDX (gold and miners did not rally either) and a higher stock market. Silver has bright days ahead, but not until it passes this most recent downward shift in trend. And please remember, gold’s more volatile little brother is more prone to sudden price swings as traders like to pick up some cheap silver after a pullback. While gold broke below its September low and now verified its breakout, silver just moved to its own September low and then bounced back. After moving higher, silver seems to have topped right at its 38.2% ... (full story)