$5,000 Gold Stretched Akin to 1980, 2011 Highs - Highlighting the extreme velocity of gold's rally, the store of value at the end of February reached the greatest premium to its 60-month moving average since 1980 and lowest ever vs. the Bloomberg Commodity Spot Index. About as good as it gets for a bull market is my takeaway, notably when considering the 1979-80 gold rush accompanied the consumer price index to its peak near 15%. Now CPI is 2.4%. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tbzle8kip3qa {BI COMD} #gold #technicalanalysis @markets(Mike McGlone)