Sorry for the confusion MajorD. My standing call is for PMs to enter a period of rest beginning June 24 and lasting through mid-August.

Perhaps my recent reply to DONTCRY's question was befuddling (he thought we already entered a period of rest since the May peak of Gold.) This was my attempt to explain how the current period of strength has been in effect since April 08.

"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.

This is the part where I predicted a 5-week period of rest beginning June 24:

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."

otoh Sinclair's agressively warning people not to trade or sell any PMs this Summer in case we collectively fall over a cliff. He does acknowledge that under normal circumstances we would expect the usual cyclic lackluster performance in Gold & Silver but in this case Sinclair says it's safer to hold and ride through the Summer with full positions. So if I'm reading him right, JS still agrees with my cycles model prediction - Gold is about to enter a rest period. Hope this helps.