Silver/Gold, Eur/USD and stock markets as a whole are positively correlated. So yes, Silver/Gold index tanking was bad omen for Eur/USD and if USD confirms raising vs. Euro, then we can expect the next shoe to drop: markets as a whole. Of course we already experienced a sharp drop in our commodity/mining stocks, but who says more pain isnt coming? I have raised lots of cash these last weeks, and now planing to hold on to my largest positions, MMT and FED, no matter what through the summer doldrums and beyond.