Melting Gold

You got me runnin,' goin' out of my mind
You got me thinkin' that I'm wastin' time
--Electric Light Orchestra

Gold getting crushed again this am. This is what 'forced selling' looks like. Blow ups are undoubtedly occuring; they're carrying folks out on stretchers today.

Personally, I continue to try to use lower prices to my advantage.

A thought going thru my mind is that perhaps gold is signalling a broad deflationary decline ahead. With so much printed money and leverage in the system, however, it is difficult to separate signal from noise in these market movements.

position in SPX, gold