Still more on China, Silver, U.S. dollar

Still more bad news out of China.

Silver may have put in a temporary "double-bottom" at the support level we indicated last week.  

UUP, which tracks the U.S. dollar, is back to its 1-year highs.  The chart below is simple.  Green is the uptrend, red is the downtrend, black is the current apparent support.  We've timed swings in the U.S. dollar perfectly for the past few years in this blog - going long in early December 2010 and again in early May 2011 - and we remain very bullish on the dollar, fully expecting the great luck in our timing to continue. 

We believe the dollar will hit multi-year highs soon enough, with the red line probably offering temporary resistance on the way higher.

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