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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Little Joe who wrote (21695)10/4/2003 12:49:18 PM
From: Andrew  Read Replies (1) of 39344
 
I'm not exactly sure how the VIX (CBOE Volatility Index) is calculated but it has to do with options. Perhaps someone else here knows and can explain it to us <G>

You will notice that it indicates that volatility is higher during market bottoms if you match it up to a chart of any index and that it may help to indicate market tops by having a lower value.

I certainly wasn't disputing your chart analysis just putting in my 2 cents regarding market tops and volatility.

It seems to me that ranges get smaller at market tops as buying interest wanes.

This may not be the case though in speculative blowoffs which I don't think we have achieved yet on the golds.
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