We’ve read a very interesting essay on gold, VIX (the volatility index) and the safe haven status entitled "Forget gold, the VIX is the new safe haven" and we would like to share our thoughts about it.
The great market prognosticators have by now came out with their 2013 predictions about financial markets. It seems to me to be a fool's game to try to predict which financial markets are going to do in the future.
Yesterday gold suffered a dramatic fall, losing $131 from its high in Asia at $1,663 to a low of $1,532 just ahead of the London opening - down 7.5%. Gold then promptly bounced and was last trading at $1,614