Megaphone?

Possible megaphone pattern in gold. This of course breaks my heart, as I love gold and hate dollars. However, there are several strange things happening right now:

1. All time highs in stocks... nothing new.
2. Dollar rally? How does this make sense? A rising dollar is usually risk off.
3. Mild rally in TLT (long dated treasuries)... Again a risk-off trade.
4. Google the chart of Reverse Repo activity in the past week. This shows a thirst for collateral.. you want collateral when the game of musical chairs ends.
5. Now in context, the gold megaphone.. which has a downside target in 1600 range..

In what situation do all of these make sense? What is the one scenario where this megaphone pattern may actually play out?

A deflationary shock! This makes sense if a cataclysmic stock market crash is coming. Everyone is on the inflation bandwagon, but I see the potential for a deflationary shock with a market collapse. And then, the final destruction of the dollar would be the stimulus packages to rescue this last final crash. The tractor beam has done its job. We are now here, the great reset. The end of liberty and the birth of global fascism.

Happy trading!

Dr. F.