Gold Is Going Parabolic Too Soon And I Don't Like It

I don't like a lot of things though. I probably won't like the End Game either. Shows how hypocritical I am.

Waiting for Death by Snu Snu

• Open interest in gold futures surges by 23K yesterday, nearing the nosebleed section.

• Over half a trillion dollars in Treasury auctions settle tomorrow, which will all be sucked out of the banking system, clog possible.

• Gold to commodities ratio approaches uptrend crisis line since 1999.

• Now is not the time to pile leverage. Things are about to get wild I think, and soon.

• Stay calm and liquid.

Gold Open Interest Surges 23K

We're getting close to serious danger territory here in gold open interest. The recent high was 600K, and we're at 584,675. The nickelarmageddon high of March 7, 2022, was 650K. The all time high, just prior to the End of the World As We Knew It March 2020, was 800K.

Interesting how some sort of financial faux pas happens just around when gold open interest reaches nosebleed levels. My feeling is