Silver may be a mirror reflecting what's really happening in financial markets

Equities investors and traders certainly have plenty of good info in the updates and comments posted here thus weekend, including the various analyses of Andre Gratian, Tony Caldaro, Mike Korell (Chartsedge), and Raymond Merriman. I'd just like to suggest keeping an eye on silver and gold as clues for whether the dollar does slump to much lower levels and consequent "bullish support" for equities. Both silver and gold pulled up to Fibonacci retracement levels. I've shown this on my gold charts (and explained that 960 is the bull vs. bear dividing line now). So here's how the silver (weekly) chart looks now (below). It's also at a resistance level (50% retracement previously broken on the way down serving as resistance now). . If it can manage to struggle higher, then it may avert making a new low when it ultimately completes its rally and goes into its cycle low.

As part of this aspect of the markets, check out Tim Wood's article at FinancialSense.com on silver and commodities. He reviews the issue from the perspective of cycles, which apparently suggest that silver and commodities are likely to roll over soon into new cycle lows perhaps next year.