My Bronco is a 69. Yes, the yellow wire is molded into it as well. The yellow wire went to the voltage regulator, which I don't have anymore because I upgraded to EFI and the 4g alternator several years ago. I've read that yellow wire is no longer needed with the EFI/4g, but because of how it's molded in with the black wire, I cut it, put a wire nut on the end and left it. Not sure if that was the right thing to do, but that's what I did. What I'm not understanding is when I take the wire nut off the yellow wire and test for continuity and voltage (not sure if I need to test for both, but I did) I get both. If the fusible link was in fact affected, wouldn't I get nothing for continuity and voltage?
To answer your last question: correct, I have no power to anything at the dash including headlights, brake lights, etc. Also, when probing the center threaded stud on the back of the ignition switch shouldn't I be getting continuity and 12v? I get nothing. I also removed the black wire that attaches to that stud (this is the same wire that goes to that fusible link, correct?) and I get no continuity or voltage