The temporary rise of the dollar is causing currency turmoil worldwide. It cannot endure forever.

Nonetheless, I sensed a reversal pattern forming in Silver Wheaton and Pan Am this morning. After the activity last night, the leading silver shares should have confirmed and moved higher, but instead they hesitated and refused to follow bullion. They weren't acting right. The key is to watch Silver Standard, which I do very closely. I accumulated a large portion of Silver Standard during the fall that I do not trade.

After buying back Pan Am at $17 earlier this week, I sold today at about $18.50. Bought Silver Wheaton at $6.40 earlier this week, and sold it for $6.75. Sold some Endeavour silver at $1.55, as we put in a reversal pattern there as well. Bought more Kimber with the trading profits. And they say silver has no yield! Right now, I must say Kimber is one of the most undervalued quality juniors out there.

Still have 40% of my trading account invested in gold/silver equities in case they keep running, but am 60% in cash. Fully invested in my primary taxable account and all IRA accounts.

Wishing now I had kept more MAG Silver in my "inventory." That one got away from me. US Gold has been a huge, huge winner for me. I am simply holding it, since I think it has tremendous upside longer term. A reversal may be near however, so wait for it.