Precious Metals Year-To-Date Trading Ranges, And Stunning Decline in the Dollar Index

The Year-To-Date trading range in gold is particularly well-defined, from about 1200 to 1300.

Silver has a less well-defined range, with a secondary declining trend.

The Dollar has just done a swan dive as measured in the DX index.

I would suggest that a breakout in gold will be characterized by a sustained price move above 1300 that manages to hold its ground and advance to take out 1350.

For silver a break above 18.50 would be constructive, although the silver bulls might take *some* encouragement from a successful challenge of the intermediate downtrend which is now around 17.50.

I suspect that the decrease in the value of the Dollar involves a policy move intended to make US exports more competitive, meaning no disrespect to the euro which has been in a corresponding rally based on what, their zombie banking system, or dysfunctional political/economic construct?

Or perhaps it is the reaction of the world to the wild and wacky reign of The Mad Hatter.