It looks like the U.S. Dollar is breaking down today from a bearish chart pattern that had been developing over the last few months. The dollar index plunged early in the day, breaking a significant support area and generating a strong bearish signal that now makes the momentum of this market 100% bearish. This development may kick-start the rally we've been anticpating in precious metals as a falling dollar usually favors gold and silver prices. Today's precious metal prices, however, haven't moved much and continue to exhibit bearish momentum, so it is possible that gold and silver are discounting the dollar's influence (at least temporarily). We will have to wait and see how this develops.