One of the reasons why gold is declining together with the stock market is because of margin debt selling. To cover stock losses, investors needed to sell their gold and silver. The VIX shows when this margin selling occured in 2008. Today in 2020 we see a similar spike in the VIX and this might call the top in margin selling again. Each time this happened, easy money started to flow in from central banks and the gold price recovered sharply.
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