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There’s really no end in sight to the slump in the U.S. Dollar Index which continues to be constrained by its EMA-20 and a downtrend line that has been in place for a few months.  This is bullish as far as the big picture is concerned for Gold and Silver and the Venture Exchange.  Below is John’s updated 6-month daily chart for the Dollar Index which is up slightly at 79.16 as of 6:40 am Pacific (please note that Morning Musings will be posted at 8:30 am Pacific today and tomorrow due to travel).

Also note:  Cascadero Copper (CCD, TSX-V) and Lumina Copper (LCC, TSX-V) have announced a joint-venture this morning on CCD’s Francisco 1 and 2 properties in northwest Argentina.  CCD is up 3 cents to 14 cents on nearly 900,000 shares as of 6:40 am Pacific.

U.S. Dollar Index Chart