I think we are past due for another leg up to new highs re bullion and shares. Gold peaked July 6 and 8th. Little pennant formation showing. Usually they break out violently up or down.
Another thought, maybe the Dow SnP were giving PMs a tailwind, that may be ebbing.
Also possible rotation going on from the best performers (500% ytd) to the lagging ones only 150-200% up.
Dollar breaking down nicely, 94.6 now, was over 100 late 2015, may give us the violent up-side move if it drops lower which I think is the right path.