Precious metals gather some strength, albeit bearish trend remain unchanged
If you are interested in reading the 2013 Dow Theory review please go here. You'll see that we tended to be on the right side of the market most of the time.
The SPY, and the Transports closed up. The Industrials closed down. The Transports bettered the 12/31/2013 closing highs. However, the SPY and the Industrials did not confirm. The longer the non-confirmation persists the higher the odds for a secondary reaction to develop.
Gold and Silver
SLV and GLD closed up. For the reasons I explained here, and more recently here, I feel the primary trend remains bearish. Here I analyzed the primary bear market signal given on December 20, 2012. The primary trend was reconfirmed bearish, as explained here. The secondary trend is bullish (secondary reaction against the primary bearish trend), as explained here.
Please mind that in spite of today's strength, SIL and GDX remain below the red horizontal lines (the level at which a primary bear market was signaled), which is certainly non bullish.
The Dow Theorist