Crocodile Jaws May Have Begun Biting in Gold vs. NDX Volatility - Gold's highest 180-day volatility since 2009, juxtaposed with the lowest for the Nasdaq-100 index (NDX) since 2018, forms a crocodile-jaw pattern ripe to bite. My graphic highlights what might be the top factor for all markets in 2026: normal reversion in buried stock-market volatility. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tc7027kgzarm {BI COMD} #gold #stockmarket @markets(Mike McGlone)