Originally published by Chamber of Merchants
The CBOE Volatility Index is a measure and bet on how volatile the markets are about to be.
Note that in the last 3 trading days, the VIX has spiked:
If the VIX continues to trend upwards it would be a high probability signal that the markets are about to have a correct. Compare the spikes above to the action in the S&P 500 below. Most notable is May, June & July.
Gmail
As I said before, I believe Gold is in a bull market. I know of so many people that are still calling for $1200. However, we’ve already broken $1280 twice since Thursday.
Patience.