Yes equities are the huge outlier. Gold's weakness is a lot to do with equities' failure to sell-off more. Equity indices are pinned due to quadruple witching today. Market markers are moving heaven and earth to stop SPX going through 6600, that is the gamma floor. I assume equities catch down next week and we get a fair bit of panic. Then things will line up a lot better.
Yes equities are the huge outlier. Gold's weakness is a lot to do with equities' failure to sell-off more. Equity indices are pinned due to quadruple witching today. Market markers are moving heaven and earth to stop SPX going through 6600, that is the gamma floor. I assume equities catch down next week and we get a fair bit of panic. Then things will line up a lot better.