Views of why precious metals' stalling out contribute to my defensive position in equities

Equities going up makes people feel good when they don't know or care that it's really the dollar going down. I won't post that gold chart yet again, but will post silver and platinum. Gold and silver continue to keep analysts guessing if bullish or bearish. Below is one of my charts of silver. I've also added a chart of platinum - yuck, can it get over that moving average resiistance?! Readers know I'm skeptical and lean to the bearish view of gold and precious metals. Since I also think the dollar and US bonds are most likely readying for a move up, this all ties in with my defensive position regarding equities. Trading day to day can and often is different. - and we might want to try trading the long side early this week if it looks like cycles will help the Elliott Wave count complete more definitively too.

Both equities and precious metals will have to prove they won't be turned down by resistance. You can see from the charts below that silver and platinum are in the ranks of assets that may well roll over and leave many deeply disappointed.