$GC_F, $GLD | Gold is now FOUR Std Dev's above its 200-week moving average.
This has only happened two other times in the last 30-years, in Jan 03' and May 06'. Both prior instances led to sharp pullbacks of 18% and 25%, respectively.
+ record call volumes in $GLD & $SLV
$SAVE $JETS $IYT
Play this game long enough, and this happens:
We may be near a point where *anything* going right (even temporarily), could be WORSE than everything going wrong.
But think carefully about this chart and positioning in the Dollar, Real Rates, Gold and Tech. Pain.