While most of the focus has been on the market making new highs and how long it will last, Gold and US Real Estate (REITs) have been quietly breaking down. A chart of the Streettracks Gold Trust (GLD) ETF which seeks to track the price of gold bullion illustrates the emerging breakdown .  You can see it’s broken through an 8 month trendline with a drop to the next level of support around the 50 day moving average likely. Charts of the two major US real estate ETF’s I track - the Ishares Real Estate Index (IYR) and the Ishares Cohen & Steers Realty Index (ICF) show a breach of a 4 year trendline.  It should be noted that the International real estate market as tracked by the SPDR International Real Estate index, is holding up well. In fact, it recently broke out of a decent looking base.  See more about the breakdown in gold and real estate (complete with charts) over at SelfInvestors.com