I think that the issue with the precious metals is that if they rise it's the canary in the coal mine signal for investors and may cause a panic. I just read earlier today that some billionaire put half of his entire portfolio in metals so maybe he's got some inside info into something. The trend right now is still risk-on if the metals break out then it's risk off and everything is going to shift, and not in a nice way. On the bright side, at least the weather is getting better...