The breakout 3 weeks ago in gold & silver has not been confirmed by the stocks. Looked good for a while, but no cigar. Stocks pulled back to the breakout point but could not make a decent run from there, even though the metals did. Today's action in the PM stocks was extremely ugly. I think there is a high probability that a signifcant correction is very close, if it hasn't started already.

The futures show US dollar up, and most commodities down right now - if they are still down by tomorrow, I'll be selling heavily at the open.