Volatility Alert (VIX)

[AlbertaFarmer5]

Gold making new highs today.
What is record high gold trying to tell us?

Doesn't seem deflationary.

[biglentil]

It will have a 1% pullback and then we will get the see look gold crashing, deflation. Same tune ive been hearing since gold was sub $1000.

[sumdumguy]

When Trump gets elected, the American economy will sky rocket.

[AlbertaFarmer5]

When Trump gets elected, the American economy will sky rocket.

That part is puzzling me. Typically gold is a hedge against the US dollar. Skyrocketing US economy would be good for the US dollar.

From what I understand, this gold move is almost entirely resulting from foreign investors, not American. Gold in US Dollars may turn out to be a very poor investment.

[biglentil]

Enough said

[errolanderson]

There is a wise market proverb stating, 'The higher the mountain, the deeper the valley.' AKA: The more stocks rise, the more they fall.

Commodity traders and producers are well seasoned to this reality.

Let's watch and see how deep a valley the NASDAQ and S&P now creates . . . .

errolanderson.substack.com

[errolanderson]

VIX Volatility Index spikes 10% today. NASDAQ down nearly 3%. S&P 500 index worst day since December 2022. Correction appears in-progress . . . .

[errolanderson]

Did gold just see its ghost today?

Asset devaluation and commodity deflation running rampant. Precious metals need inflation to ride.

The Fed may be too late cutting rates. And buying-the-dip days may be numbered as margin calls take hold.

Big risk: Banking sector trouble, a concern. Consumer and consumer demand is king and rapidly weakening. Bankers holding-the-pot . . . .

This may be a deep ‘n prolonged economic turn-down folks . . . .

errolanderson.substack.com