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Good to know you. I would be interested to know your take (if you want to share - please PM me) on the TNX and also what is happening in the overnight repo markets. That really has me very curious.

As I was explaining to some others (as you read) - yesterday the thing that really struck me was VXJ20 finishing up on 128K volume. That was a signal that all wasn't right and that there was probably more to come. WE will see. Who knows what the algos are going to do to us. Either way, I have GLD calls in place now that I think the bleeding has stopped in gold. The margin calls are over for now. I also exited my VXV20s. If we reverse - I'll just get back in. But for now - stop the bleeding.

I had texted a friend of mine back on the evening of the 20th that I thought the dam had broken. There was that drop on the day of the ATH's. It happened at about 10 am (here). NYC would have been about to head to lunch. Trump didn't tweet. There was zero news...or at least I couldn't find any....then all of the sudden - boom. I felt like that was the algos firing across the bow. It was a hunch.