NFTRH99 is going to go full on about the gold stocks and their relationship with the gold-silver ratio (GSR), to make sure that there is no doubt about the fundamental and technical picture. NFTRH has stated for many months now that while a deflation impulse is expected, I do NOT expect this to be a replay of 2008. i.e., even if the goldies decline in any coming deflationary 'events', they will not be downside leaders like in 2008.
The fact that this scare into bonds has been at least partially manufactured, does not strengthen the case of the hard core d Boys. In fact, it gives at least a partial lie to said case. Oops, I almost started with the MM again. Let's look at a pretty picture instead, and ponder what kind of analytical nuggets may come from it. I think #99 is going to be a fun one to write.
