By Chris Vermeulen of TheGoldAndOilGuy.comNEW YORK ( TheGoldAndOilGuy.com) -- There is a potentially big trading setup in precious metals and the dollar. Since mid-October, gold started to show signs of distribution selling. Only a month later, silver started warning us that some big players were taking some profits. Distribution selling is easy to spot on the charts. You will see high-volume selling accompanied with strong moves to the downside. Now if we look at the dollar chart we see the exact opposite price action. We see sharp rallies during October and November. It's normal to say that gold and silver move inversely to the dollar, so this price action makes perfect sense. The interesting thing with the dollar is that in November and December it rallied, breaking through a key resistance level. Since then, it has been consolidating above support. If this bullish pattern (bull flag) plays out, then it's just a matter of time before the dollar makes another strong rally upward, which will put downward pressure on stocks and commodities. Take a look at the charts below.