Precious metals appear to be in their final death throes before correcting lower. Silver spiked higher today and then sold off like I wanted to see two days ago, and the dollar looks ready to breakout from the descending wedge pattern. When things finally start falling apart for precious metals and miners, they may do so exponentially.
U.S. dollar: The dollar made an outside reversal today after testing the 93.62 low. Prices are close to breaking higher out of the descending wedge pattern. 
Gold: This quick spike higher in gold today still fits a right shoulder formation, and we are still waiting for the pattern to break below the neckline. 
Silver: Prices spiked higher and then crashed today, a few days later than my call, but this final peak should mark the top. 
Market Vectors Gold Miners (NYSE:GDX): Prices didn’t close lower today nor below the 10-day moving average as I wanted, but they did form an inside day black candle, another sign supporting a top. 
Market Vectors Junior Gold Miners (NYSE:GDXJ): Same inside black candle day as GDX. Gravity is building and the chart is looking heavy. 
Metals and miners have been unstoppable, but everything drops into an intermediate cycle low eventually. It's taken much longer than I expected, but prices are very near correcting.