"Didn't we start that period of regaining strength already at the intermediate top of Gold on May 1st?"

Hi DontCry! Gold's been in a solid uptrend since the current cycle of strength began in early April, despite the blowoff spike in May which was abruptly put to an end by the Cartel under the auspices of the infamous "Osama cap the tangibles" program. I'm sure we would have gone much higher without this intervention but the Cartel obviously wants to take down the PMs & Resources below a threshold before announcing QE3. These managed markets activities have had the effect of muting the potential of this period of strength, but at the same time was unable to compromise the 3 month uptrend. It is the lower sloping up trendline from April to June that defines this period of strength, so this is consistent with the model prediction and Sinclair's call for a period of 90 days strength. Otoh the next 5 weeks rest period may look something like March when Gold doddled sideways for a while under the $1444 angel, except this time the barrier might be $1521. This would be consistent with the outlook Sinclair mapped out for use recently where in the absence of a QE3 announcement, the Dollar would rise and Gold would drop a little bit. Hope this helps