Whispers of Deflation

Birds fly in the eyes of the faithless daughter
Broken at the better end
Wasted sacrificed for a new nirvana
Nighttime sends us on our way
--Icicle Works

Looks like an outside down day for the Dow on Fri. Seems a date with the 200 day is imminent.

Meanwhile, gold is breaking down, w 200 day coming into view here as well.

Ten yr Treasury yields continue to work the pennant with preference toward the lower edge.

The charts seem to be whispering deflation.

positions in SPX, gold