With Global aggressively flooding into the markets worldwide, I wonder when Gold will come to the top of investors minds again. For now, we take one day at a time and try not to predict far into the future. If the market can keep holding onto the gains it has made YTD, it could begin attracting some attention.
I think the START OF THE YEAR level of 1182 is a big level in gold and you can also see that the market LIFTED OFF from that level on April 1 to signify that level. Let's keep a close eye on this and see if VIXY surges quickly with all of the recent worries about Russia, Iran Nuclear Talks, and weak US Jobs Numbers. Time will tell. Stay tuned!
Agree or disagree with this rally??
Tim 9:29AM EST April 6, 2015
Ok, now it isn't a "quick add" -- Let's continue the logic: If marginal buyers move into buying stocks and premium sellers rush in to capture premium, you will see stock prices rise and VIXY decline, but that could be bullish because you don't know who has more money in the long run, the buyers or the premium sellers. The battle goes on and you can keep analyzing price action relative to shifts in the VIXY if you keep thinking along these lines. Over time, trades can really set up as you get a glimpse into the market participants and how they are positioned.