[pcabc]

GOLD has broken below the 30 week MA, but still has support from the 200 day MA, channel line and the April to June range. So it has an important test of demand to meet in the next week or so and potential rebound. Otherwise it could rapidly fall into a Stage 4 decline.

Plotting GLD as i has volume, this is my gold miners breadth chart:
   
Advance / decline is dropping for the miners as is Weinstein Momentum, and the McClellan and McClellan volume oscillators and summation indices.  The % stocks above their MA is below 30%, oversold against the 50 day EMA but has just dropped bearish, just below the 50% mark using the 200 day EMA as an indicator.

Silver has not broken down, yet.  Breadth is fairly similar, except that the % of miners above the 200 day EMA is much higher, high 60's.
   


Platinum looks fairly bullish.  But need to be careful here as there are fewer miners and few of them mine platinum only.