We are already studying these things from different angles and time frames, but I thought I’d put two economically sensitive and positively correlated metals (Palladium and Copper) and old friend, Silver vs. Gold in a daily chart for handy reference.

Things 1 & 2 would break down from their currently wobbly stance if we are going to get negative economic and/or market signals.  Thing 3 is firm in line with the risk ‘on’ backdrop that is limping onward.  But again, there is reason to believe Silver is at more risk than Gold.  So, if you see Things 1 & 2 break down and you see Thing 3 start to fail it would be prudent to think about getting out of the pool, stepping away from the punch bowl or whatever your frolicking endeavor of choice is.