Bonds & Bullion are manically bid overnight as the last 5 days of complacent risk-on exuberance has collapsed into a worst-case-scenario “Brexit” raising doubts about the EU’s sustability and dragging central bank experimental ideas into farce…

This is the biggest spike in gold in 7 years back to 27-month highs…

and bonds are screaming to record highs…

As 30Y yields near record lows…

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