5:38 am PST. Yesterday GDX and GDXJ had high volume breakouts from the bullish ascending triangle pattern. GDX also broke out of and closed above the 200 sma. That to me says this morning’s pullback is just consolidation before continuing the melt up – I might add onto positions this morning. SLV also went higher on higher volume yesterday. SLV has not quite broken out yet.

5:23 am PST. The dollar looks like it is having a rip-your-face-off rally this morning that could culminate in new highs. The breakout point for UUP from the down trendline happens at around 26.00 which UUP is just about at this morning.

Interestingly, gold and silver are only down marginally. If GOLD breaks below 84.91 then I will exit, otherwise, this might only be consolidation. I am not sure. Silver does have solid support at the black trendline. It will be interesting if it breaks below it. I do not think it will, but if it does, that will be another pattern to chalk up for my records.