I take a trend following approach to the markets and use my own indicators based on price alone.

Here is my take.

The Yen is now trending down against the dollar. (my correction signal triggered)

Gold is weak short term but no correction signal yet

Silver is holding up so far no weakness

GDX is weak short term but no correction signal yet

GDXJ is weak short term but no correction signal yet

SIL is holding up so far no weakness

SILJ is weak short term but no correction signal yet

Silver/Gold ratio uptrend intact

Given the YEN is trending down and both GOLD, and GDX, GDXJ  are weak is signaling caution to me.

This may sound perverse but I am hoping for a correction to redeploy at a lower level. This hope however has not influenced my views above.

I should note the markets are very volatile and my views can change tomorrow depending on the price action.