At first glance, the Dollar Index appears to be consolidating for a push to 82.25, a prospect that would put gold and silver quotes under pressure for perhaps 2-3 weeks if the rally commences soon.  While I wouldn’t recommend impeding the rally too aggressively with short offers, it’s worth noting that the B-C consolidation that would ostensibly enable DXY to reach 82.25 has followed a point ‘B’ high that narrowly failed to take out the look-to-the-left peak highlighted in the chart.  This suggests that even if the Dollar pops and makes it to 82.25, the rally should be seen as gutless at its core. The further implication is that this is no nascent bull market taking shape in the dollar, but rather a garden-variety bear rally that has drawn all of its strength from not unreasonable fears that Europe is headed toward collapse.