What happens when the U.S. dollar falls below 80.00 on the currency index?
Dollar closed down .96 to 80.16 today. The dollar....such an ugly duckling! So if the dollar falls below 80.0 on the index, then guess what? Manna from heaven for all those who hold PM investments. And when will that happen? Wait....wait...my crystal ball is clearing. Bernanke just left a message on my hotline regarding Fed's intentions next Wednesday. My crystal ball has just cleared. Dollar is going to tank many fathoms lower next week and silver will shine brightly.
Of course, my crystal has suffered some bad history in the past. But, regardless, next week is looking very good for SLW, et al (the rest of the miners).