MacroVoices #378 Ronnie Stoeferle: In Gold We Trust - Showdown
Macro Voices
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The US Dollar Index: A Bullish Upside Break
We've seen the VIX tap 20 a couple of times in the past few weeks and bounce right back off of that level go back to about 17 or so. It seems that volatility is remaining suppressed in the short term. Once we get more clarity on the debt-slinging crisis and FOMC in a couple of weeks, it's possible that we see a nice big move in other direction. We are likely to remain in this trade range bound and resistance will be there until I think something breaks.
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