Stocks Sell Near-Term – The forecast for the major market indexes is down near-term with the very possibility of a 4% to 5% downside correction on the major indexes in which could last all of February and possibly into March.

US Dollar Index Hold to Neutral Near-Term – The US dollar index is currently trading at the top end of a support range of 98.99 to 99.43. This support area has to hold to forecast a higher USD index. If it breaks lower, the forecast could turn significantly lower to possibly 92.50 further out.  

Gold Silver Buy Near-Term – Silver has been stronger than gold lately. The forecast for gold is higher near-term. The potential and forecast is for gold to head higher to 1300 and possibly above 1375.53. 1122.98 still stands as major long-term support. If a further downside correction in gold takes place near-term, downside support is forecasted to come in at 1180 or lower, and another low-risk high-reward price area for new buy long positions as long as 1122.98 support holds.

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