With all the Dollar bashing and the clear breakdown on the DX Charts and everybody bearish…The Dollar was bound for a bounce. I think we all knew it here and it could be seen in the mining Indices. In spite of the metals going Up HUI and the gang were reluctant .

Question is ….where will the backtest go to ? 98 99 or 100. Any higher and this would call in question the bear thesis.

Implications ?

Oil ( 8 hour chart) I find sometimes an 8 hr chart will show patterns you don’t see in the daily)

Silver