US Dollar at a Precipice, Gold and Silver Price May Rocket

US dollar collapse would be a surprise to most people but the signs are all around for everyone to see. As the US dollar approaches a critical support level, its declining momentum is accelerating, assuring a high probability of a break that has the potential to turn a smooth orderly decline into a runaway waterfall decline. A break below key support level on the US dollar index could signal the beginning of the end for the US dollar hegemony.

Here is a documentary called "The Day the Dollar Dies", a realistic depiction of what to expect when that day come. 

Video Link: http://www.youtube.com/watch?v=AuPgdZeAFjA

With so much US dollar floating all around the world, a sharp collapse could start a stampede out on the US dollar and into real assets including Gold ans Silver, more than enough to trigger a relentless short-covering panic that can push Gold and Silver price to the stratosphere. 

The dollar collapse will be catastrophic to the US economy because the Federal Reserve is essentially out of bullet, stuck between a rock and a hard place, rendering the Fed powerless to do anything to stabilize the situation. 

Staying above $1,410, Gold Price is set to Explode

With gold price remaining above $1,410 the stage is set for gold price to rocket up to the next upside price target of $1,540, and it can happen in a blink of an eye.

The momentum or speed of the up move would be closely tied to the US dollar, now at a precipice, having failed to attract any safety-conscious global capital as a result of the engineered turmoil in the middle east.

With no end in sight for the US Federal Reserve's legalized money-counterfeiting activities, global capital is now starting to flee the US dollars, even as the turmoil in the middle east and the threat of euro zone collapse intensifies, and running into real assets (commodities) such as gold, silver, crude oil, etc.

With the collapse of the US dollar, there is no limit as to  how high gold price will go. But for now, my next upside target is $1,540, then $1,650, then $2,150 and higher.

The main event to watch for is the price action of the US dollar as it approaches and or break 72 - 74 key support level in the US dollar index.

Silver Shorts Getting Crushed, US Dollar at a Precipice

Another large up day again for Silver as the shorts continue to get crushed. As the world inflation continues to intensify, Silver short-covering should continue to intensify as well.

US dollar is now at a precipice and major collapse is imminent. When it does the world will be "shocked".

Gold In Breakout Mode Targeting $1,540

With a break above prior major swing high price, as price pushes higher, major short-squeeze is imminent.

And when that occurs gold price should explode and rocket very quickly to my next price target of $1,540. For the fast move up to happen, any pullback now should stay above $1,410.

Short-sellers should be in a panic mode now, and may be ready to capitulate