Stillness in a Winter Storm

With the U.S. Dollar finally coming in a bit today, gold and silver are consolidating recent gains quite orderly and in am impressive manner. On the below 30-minute timeframes of GLD and SLV, ETFs for gold and silver, respectively,  note the benign sideways action in recent session as the precious metals miners took the baton and ran with the rotation higher. If this is a true bear market bottom in the precious metals and mining complex then we should see metals and miners continue to see intra-complex rotations with an upside bias. GLD over $124.50 and SLV over $17.40 would be the next logical upside triggers to observe for continuation higher. Also note the strength in the likes of UNG USO today with the Dollar weakness, both of which may finally be ripe to snap back higher.