9:03 am PST. TLT is now hovering weakly above the lower trendline which is about to break. Once TLT breaks it will probably back test it from below, and then it is going to have a drop to fresh new lows. Meanwhile, financials, and the core U.S. indices will continue to rally.

Gold, GLD, is bouncing off this rising trendline. Once this breaks, I think gold could see $1211 this month.