Re 10 % and in yr face
That is what is so bizarre….but it may be the function of the Algo’s, in that they only know one way, up for Dollar, SM, down for PM’s.
Maybe it’s far cruder than we realise, hence it’s obviousness…..I still see the one way street as being a huge weakness longer term, as it will cause a monster crowded trade, in what will become a very thin mkt.