Andrew Giovinazzi's blog

Gold Vol drops like, well, a gold brick

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Stocks got a little lift today on what I do not know.  Draghi made some veiled references but for the most part the Euro kept up it's inexorable climb along with the JPN YEN holding up at year highs.  Who would have thought the dollar would be in the tank and the two most troubled trading blocks enjoy bouncy currencies.  Dollar weakness should equal gold strength and we did not see that today.  The 1 day hold in GLD killed the momentum and the IV.

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