Gold has the flameout in progress with still extreme values in all gages. Gold might have a retest in the works but we saw similar ones with Silver earlier in the year.
Silver actually once it entered into the flame-out in mayhad to tumble as long as all the excesses were out of the Optionflows (bottom left chart). Compare this with Gold above and you get the picture what could expect Gold and for the same token the USD long Bond and the SWISSIE...
MOMO still has way to go on the downside....
...and the timing model seems to paint a more negative picture too.
CONCLUSION:
It aint't over until it is over !!
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