Volatility Alert (VIX)

[Sodbuster]

It’s falling hard now . . . .

Economic indicators sliding as the consumers are spent out. Bank of Canada rate cut next week likely.

CAD drops to below 72 cents, likely closer to 70 cents if BOC lowers interest rates this week, which will eventually spur inflation. Rate cuts not needed yet IMHO. Thinking this is politically motivated to shore up Liberal government.

[errolanderson]

The restaurant apocalypse sweeping across the U.S. More Cdn closures likely. Rates have to be cut ASAP.

Not sure what parameters central bankers are looking at to protect the economy suggesting inflation is the battle, not the burgeoning debt crisis.

[sumdumguy]

They didn’t have a friggin clue what they were doing keeping interest rates at effectively zero for all those years. Why would you think they know anything now?

[shtferbrains]

Looking a bit panicked this Am?

[errolanderson]

Diesel taking-a-kicking over past week. Crude WTI may challenge next support of $72 per barrel. WCS Alberta oil breaking $60.

Remnants-of-inflation in the rearview mirror (IMO) errol.anderson.substack.com

[errolanderson]

Bank of Canada 1/4% rate cut tomorrow morning represents the 1st central banker in the G-7 to begin cuts.

Plunge in crude oil (down more than $8 per barrel in the past 72 hours) has to be a concern for the BOC.

[errolanderson]

Gold taking-a-beating from deflationary wave. China buying slows.

Is this a healthy correction or prolonged precious metal selloff?

[shtferbrains]

There is no timeline on the bottom?
Is that today?

[errolanderson]

Classic commodity movement . . . Steps up, elevator ride down.

For what it’s worth . . . once elevator ride stops, classic rebound is 50 to 66% of the fall. Question is; where’s the bottom?

The only gut feel is; both gold and silver are now both on a lower overall trading range (IMO) . . .

[errolanderson]

Silver pile-driven, down 7% quickly.

[sumdumguy]

Still $29.27

[hobbyfrmr]

Gold, Silver and Bitcoin have no top because fiat has no bottom. Canada has 1.2 trillion dollars debt, mathematically impossible to repay. They HAVE to print money to cash flow the interest on the debt.
We are on our own.