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A single best idea is to learn the Bloomberg Terminal.

With the dollar dynamics of the last 24 hours, I was visualizing in my head way too early in the morning.

A chart of gold back umpteen years. I want to walk through it. I think it's so important.

The pros talk about standard deviation. The single best idea is to try to understand

central limit theorem and the idea of percent change and how you gauge

that looking at the past data and one way we do this to keep it short is standard deviation one

standard deviation is no big deal two standard deviations is within the realm of okay it's going to

happen and three standard deviations is a general statement indicates stress.

If you take gold on a logarithmic y-axis back 20 years, 24 years, I think I did,

and you plot it out, we are at two standard deviations right now with gold at 5300 where is three

standard deviations 7,400 is a quick estimate not to the dollar but in the

vicinity of 7,400 is where I would suggest the recent two decades of gold indicates a stress.

We talked about the stress today with Wynn Thin.

He's at the bank of NASA.

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