Golden Roadblock Dead Ahead (GDX)

Executive Lounge, Wall Street Elite

A few important developments to discuss before we move on to our trade for the week.   We start with the VIX, the CBOE’s widely-watched implied volatility indicator.  Sometimes called the ‘fear gauge’, the VIX of late has been manifesting anything but fright.  Call it mirth or good cheer, maybe giddiness or gaiety, but fear […]

August 9, 2016

Gold Wins, and Gold Loses

Executive Lounge, Wall Street Elite

The most dramatic moves in the market last week belonged to the precious metals and their associates, which jumped like a shocked rodeo steer as the dollar lost ground. The question now facing gold (and dollar) addicts is whether those moves were for real. Has the dollar’s relentless drive skyward now stalled? And will that […]

May 18, 2015