Gold intermarket: VIX rallies to 17.50 and US30y to fly to 2.40

Gold has caught a bid a better risk environment that is supporting the precious metal, a sell-off in bonds among volatile market conditions.

The big bluff in the era of Central Bank monetary socialism

The VIX has rallied from 11.94 to 17.50 with markets becoming increasingly skittish around the Central Banks and the Fed in particular. Gold is in demand, recovering $1,320 lows to $1,330 and breaking the descending resistance line and 200 sma on the 1hr chart while at the same time, yields are through the roof as bonds fall, rising to 2.40 in the case of the US 30y with demand coming back into play as we start off the week, with the S&P 500 making a big come back on dovish comments from Fed's Brainard advises prudence in the removal of policy accommodation.