Gold & Silver on Lockdown Thursday As VIX SPIKES Again

“Fear” is getting worked up here on Thursday. Here’s how it’s shaping up for the metals…

Once again, VIX is up big. Over 20%. Granted it was up twice as big last Thursday, but the markets are not liking all the brewing violence and hostility at home and abroad:

 

 

The price of gold is hanging in there. Said differently, they have a firm handle on gold today, but they can’t just smack it wherever they want. We wanted a $10 move in gold last night, but to the upside. Not $5 up and $5 down. It does seem, however, that gold is not budging too much under $1290:

 

 

The price of silver, however, is struggling to hold $17:

 

 

The dollar is down and the markets are also down…

And one look at today’s headlines is enough to make any gut wrench…

The relative “calm” in the metals, as in “weakness”, as in “blast them with paper between 10am and 11am so they can’t recover” could very well turn in to Friday Fireworks.