3m crossover in Gold - bearish signal?

A reasonably rare situation, but 25rrs are puts bid in 1m and 1y is calls over in Gold.  I am hedged on the physical with even a few short stops below the market going on through 1100.  I am still bullish Gold over the medium term though, but I expect to see it this year below 1100 with near certainty and possibly as low as 800 first.