Gold is Doomed
Our view on gold is limited on the upside to 1330.50 while on the downside we see a pullback back to 1268.00 as highly possible in the mid term.
The single biggest market rig currently is for “someone” to slam the VIX lower to force risk parity funds to buy stocks. It’s fairly clear that the “someone” is a large bank acting as proxy for the Fed. The fact that these rigs become more pronounced around Fed announcements/ meetings only confirms that it’s someone “in the know” taking orders.