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What we can confirm is VIX weekly MACD crossed and is poised to go up. The fear implies SM will drop hard (maybe already started). The liquidation will drive USD up. But I am not sure gold will have an innate power to go up and neglect the effect of USD. What I suspect is Yen is going up really fast here and this may melt down US bonds carry trade and cause bonds crash. This can also fuel the USD. This is the only worry I have for gold. But bond crash will fuel up gold as well, this creates a confusion loop. But eventually gold would be the winner and USD is just a proxy which will be dumped after use.