Margin Debt likely now at a new record, NYSE not at a new record and short interest near 4 year lows, Central Banks selling their book…the setup fo an precious metals style disconnection in equities is in place...

Look closely at this chart and check out the thin red short interest line…we are near 4 year lows in short interest combined with nearly 8 year highs in margin debt…this makes for very few buyers once things start to drop and a less than strong-hands long position holders.