The Mother of all gold runs starting in Oct 2008 (actually well before that), and has ratcheted up faster than normal about two weeks ago. Pretty much everyday, for the last week and a half or so, the technicals show indication of topping and imminent pull-back.

Unfortunately, the Technicals are being trumped by bad worldwide economic, and other, news.

So, cannot really tell from the technicals because they are now skewed and a pull-back could happen later today, or not. Common sense says what goes up, must come down. Maybe looking at the Gold price time-line helps. Previous pull-backs were about every month or so until around beginning of 2011, then about every two months since then. Going by this, the end of the August'ish calls for a pull-back. How big of a pull-back? This recent price surge is backed up by outrageous volume starting around early July. Hard to say if there will be an exodus or a flat-line period of rest. But, an exodus from Gold would take big news that the EU and US have put their houses in order, and that will likely not happen very soon.

Not sure if that helps.

Thinking Silver will outperform Gold percentage-wise, by playing catch-up through end of year. Oil to Gold ratio gap has widened considerably. So one may correct. Thinking oil moves up, and plays catch-up. Grains also a good play into end of year, possibly longer.