As you can see, momentum "worked" in the second quarter, with my picks to outperform doubling the market with a 4.8% return while my forecast underperformers lost big time, decreasing by 8.4% on average. U.S. Heat Map for the Year Ending June 30, 2013 (click to enlarge) Source: PPCA Inc So I'll go out on a limb again and forecast the following winners and losers for the next quarter. This is one explanation for the precipitous decline in gold prices (as well as TIPS), indicating deflation fears, coupled with increases in bond yields.