New Greek Bailout Details Induce Pop in Gold, Silver, and US Dollar

Blythe was already having issues today, and then Trichet goes and opens his mouth for the ECB press-conference, and rumors of the details of the new Greek bailout emerge,  and gold, silver, and the dollar all pop.  Looks like the ECB's head is now inspiring about as much confidence in the euro as The Bernank provides for the dollar when he speaks.
Bailout headline:

• New bailout for Greece likely to total about EUR 120bln according to Eurozone sources
• New bailout may comprise EUR 30bln from private sector, EUR 30bln from

Of significance, with the move the dollar now has poked its head back above the 74 level.  It is obvious that the only thing that can stop major dollar declines at this point is investors panicking out of the Euro.  Notice that gold and silver are also receiving safe haven flows, as the mindset of the dollar as the ultimate safe haven is ending forever.
It will be critical for the dollar to hold this level through the close today as well as tomorrow's weekly close.  If the dollar can close the week above 74 it looks like it will have staved off the imminent cliff jumping it was preparing for as it neared 73 again this week.  The dollar's time is coming soon, don't worry, (like when QE3 is announced or recognized) but the dollar looks like it wants to consolidate here and range trade.  This is good for silver bugs, because it will help give us some additional time to continue stacking gold and silver.