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Volatility Index - Markets Heading For A Bumpy Ride

Published 31/10/2016, 11:48 am
XAU/USD
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US500
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GC
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VIX
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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:

Chart

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.

ChartGmail

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.

Chart

Patience.

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