Gold is Tanking!!

Side note disclaimer: I covered shorts in gold this morning. I think it could go lower nominally, but I don’t care. Anyway, on with the post with a tongue planted firmly in its cheek…

Gold is tanking!

gold spx ratio

Gold is tanking!

Gold is tanking!

Gold is tanking!

Gold is tanking! (well, a little anyway)

Gold is tanking! (even more than a little and the deflation scare is finally making sense)

Gold is tanking! (yup, all you effing herds into T bonds… ha ha ha)

Gold is tanking! (and when this actually pulls back we’re going to have a macro relief signal, probably not until)

The 2 riders are finally saddled up together. You know who they are.

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