The greenback exerts powerful influence on the precious metals - that has been the case yesterday, and it unsurprisingly continues to be so also today. So, what message is the USDX sending out right now? We'll open up with a quote from yesterday's Alert (by the way, please remember that all charts are expandable/clickable): Looking at the 4-hour candlestick chart, we see that the USD Index just formed a reversal and is now testing the previous lows. There were very few 4-hour reversals in the recent days, but when we saw them, big and fast rallies followed. The early-March bottom is particularly similar to the ... (full story)