5:32 am PST. Gold is up $6.20 and silver up .33 this morning. Today makes day four of the correction. I see silver has resistance at $16.85 and then $17.21, gold at $1235, $1243, then $1248. I have stopped out partially my short trade this morning. The Dow futures are up 48 points as of this writing.

The Dollar dropped down overnight to test the bottom of the wedge for what I count as the fifth time. If the dollar fails to hold the bottom trendline on the wedge…that is extremely bearish.