The precious metals sector was likely to decline, and it did exactly that. And based on what we just saw, it's likely to decline even more. Once again, the situation yesterday and so far today developed quite in tune with what we wrote yesterday, so today's analysis will take form of a broad update. Let's take a look at the GLD ETF. In yesterday's and Monday's analyses, we described it in the following way: [Monday] As far as the short-term is concerned, we have a good indication from the GLD ETF that the rally is about to end today. This is the case due to the triangle-vertex-based reversal that we have right now. ... (full story)