Yep. They’ve now taken away all gains from yesterday’s SM drubbing. As is the norm, pm’s can never be seen as a viable alternative to anything during a crisis.
That being said – you’re right GLD has an RSI in the stratosphere above 81 so we could drop a quick $30-40 to relieve the overbought.
I expect the shares to be the tell. We’ll see how beaten up they get on any move down.