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The U.S. Dollar has been falling in value since the first of July, when sentiment reached a lofty 82% bullish level (see post) At the time, the Dollar reflected 82% bulls, Silver bulls stood at only 32%. Now sentiment levels have flipped over as Silver bulls stand at the 75% level and Dollar bulls have declined to the 32% level.
This reverse in sentiment has the Dollar on rising and Fibonacci support and the metals at the top of trading ranges and facing key Fibonacci levels as well.
Does Ben Bernanke desire a lower U.S. Dollar? Many feel he does. For the metals complex to break these key resistance levels, the U.S. Dollar needs to break current support!
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