As I had said last time - Silver should go down.
It is.
Expect one more leg down to pull it in the 40-42 range.
EURO
Pretty big fall there in GBP
AUD
Risk off event
It looks a like a support bottom
Strong USD up move can be seen here
Carry trade unwind
EURJPY
One more carry trade unwind candidate
Fell like Silver but held up pretty well
So Gold/Silver ratio might have spiked the other way
Silver down more than Gold
This is a sign of Risk Off
Need to monitor more on this front.
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