Gold Market Volatility Index Update

The same graphic as we have shown before.  At the end of last year when we posted this, gold volatility fell to its lowest level in recent history.  Since then volatility has risen mildly while price has been reasonably stable.

Gold is a bubble driven by the same fraud that is driving every other tradable asset.  The financial industry mints massive profits by providing greater and greater gold derivatives products that allow greater and greater leverage, manipulation and speculation in gold.  

Anyone who believes gold is going up because people realize it is a safe haven are buying into a very dubious belief system.  The biggest buyers of gold are some of the most corrupt entities on earth.   But then those who advocate gold could never tell you that because it doesn’t fit into all of the bulloney they’ve pumped into other people’s heads.