Gold itself is not overbought but Silver is.
When you take into account that Silver is a monetary metal plus an industrial metal you end up with Silver outperforming gold during an inflationary burst that we are experiencing at the moment.
If Gold begins to outperform Silver then we face a credit contractional cycle (no matter how long it lasts) and it will likely be difficult for stocks to rise.
So from my perspective we are faced with a dilemma.
If Gold begins to outperform Silver the shares will likely underperform
