Gold Gains As Stock Market Volatility Collapses To 10-Year Lows

Gold is up, stocks are dead, vol is dead, bonds are flat, mcro data is disappointing, and Trump is rattling sabres...

Small Caps and Trannies remain red post-Fed, Dow, Nasdaq and S&P are barely green...

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Gold is the biggest gainer post-Fed...

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It has now been 78 days (Oct 11th) since the S&P 500 fell 1%...

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The Dow traded in a range less than 100points today

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Realized Volatility collapsed to a 10-year low...

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Small Caps briefly dropped into the red year-to-date...

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Facepalm...

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Banks are now in the red for 2017...

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Treasury yields were mixed again, after yesterday's smallest Fed-Day range in 4 years)...

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With the long-end underperforming modestly...NOTE - this narrow rangeless trading has occurred amid massive high-quality bond issuance.

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But notably, only Swiss bonds remain negative yielding in the 10Y segment of the sovereign bond curve...

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The dollar index rebounded intraday but ended lower once again...

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Cable tumbled (Article 50 vote and BoE)...

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As The Dollar Index has collapsed in the last months, so Bitcoin has taken off - topping $1000 again...

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Gold continued to gain (best ofthe commds on the week) though as the USD bounced late on, so PMs leaked lower... (NOTE Gold is the only commodity higher post-Fed +0.9%)

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And we note that Gold/Silver appears to be set for a surge...

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Notably interest in gold calls have soared in recent weeks...

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Disclosure: None

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Comments

Chee Hin Teh 7 years ago Member's comment

Thanks Tyler