The Brains Trust - 2024, page-1715

since 2000 vix has had 3 spikes
vix spike 1 was oct 2008 with gfc
GFC took down everything including gold
low in gold was ... october 2008
gold commenced an uptrend which spiked in sept 2011!

vix spike 2 was march 2020
gold spike high was aug 2020

vix spike -current - doesnt compare to spikes 1 or 2
gold falling here short term
is this the low similar to vix spike 1?

well we wont know for awhile

similar small spike in oct 2011. gold then spiked in oct 2012 and gold then in downtrend for years

so care needed here

depends how you trade whether you buy now or wait

but if you trade the hammer then wait for the hammer to form and then break through same level as start of hammer. ie retake 2500 level

or hold what you have and buy more on the darvis break if and when we get there

what would buffett do here? buy more blue chips knowing their fundamentals and cash flow will see it right itself over time
gold is harder as really depends on one macro - gold to rise higher

but still i am hopeful and even expectant here