The Greenback is broken. The key will be whether or not the U.S. dollar can hold above CRITICAL DOWNSIDE support near 78.40 on the U.S. Dollar Index Future - Spot Price /quotes/comstock/11j!i:dxy0 (DXY 77.73, -0.03, -0.04%) . Failure there, and 76 is a shoe-in for the greenback."
On Friday the Dollar Index contract closed at 78.45.
As for gold, JSMineset's Dan Norcini suggests: "If 76 on the USDX fails, gold will be at $1,000 before you can say, 'oligopoly.'"
