And gold has "half broken out"

Well, wouldn’t you know it? I write a piece about selling vol because the big moves are behind us, and next the thing you know, stock indexes shoot higher by almost 7%.

Yesterday’s move seemed to confuse a lot of people. Everything took off as if it was leaving the scene of the crime. Spooz were up 6.5%. Gold futures were up 3-4% depending on when …

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