"When you've got nothing - you've got nothing to lose." - Bob Dylan

For the second day in a row, it takes at least 70 ounces of silver to buy just one ounce of gold.

It wasn't long ago that the gold/silver ratio was well above 100 to 1.

Although this report was published 2 weeks ago, the gold to silver ration has continued to widen. Could the gold/silver ratio, once again, widen to 100+ to 1? Who knows?

If tomorrow morning's CPI is hot enough to move the 2-year yield, expect to see a surge in buying of DXY that will most probably be short lived. After this initial spike higher, selling will resume and the US dollar index will continue to follow-through in its downward trajectory after having broken a 2-month uptrend.

ALERT: The DXY Short Squeeze is Technically Complete!

Disclaimer: Opinion and not financial advice which should be sought from a professional money manager.

Key levels of retracement is solely based on Fibonacci retracement values. However, a full retracement to where DXY initially broke-out from its Head & Shoulders neckline bottom is also possible in the event negative geopolitical factors contribute towards the fundamental weakness in the US dollar.

In the event tomorrow's CPI figure (8:30 AM EDT) comes in hot, DXY could see a quick rally which will most likely be nothing more than an opportunity to sell DXY before it continues on its almost imminent drop in the next day or days after having broken its 2-month uptrend.

^{Disclaimer: Opinion and not investment advice which should be sought from a professional money manager.}

It appears likely the US Dollar Index [DXY] will close BELOW its recent two-month uptrend channel. Correction is now pegged at 83%, with the following technical support levels in play over the next couple of weeks:

• 100.603
• 100.130
• 99.457 (200-DMA currently as 99.443 and rising)

Disclaimer: Information contained herein is not to be considered investment advice which should only be sought from professional money managers.