The inversely correlated (to equity markets) VIX has been trending lower since its late 2008 highs (and stock market lows). Gold looks to be confirming what the VIX is suggesting.
The last time the VIX pushed much lower than current levels was late 2006/early 2007… and we all know how that ended.
I’m not suggesting a market reversal is imminent, but…
Mind your risk… and your stops.