Gold is slipping following the silver's decline to current $39.26/oz. Gold broke under trendline support at $1515 to test a low of $1507.70, before rebounding to current levels of $1511.50/oz. But prices may extend its losses below $1500. Gold bottomed at $1492.50 April 26, before closing at $1500. Gold last closed below $1500 on April 19. Gold refreshed the life-time peak of $1575.79 Monday (+11% y/y).