Gold Is The New VIX
From Macro-To-Micro Options Power Hour recorded on April 16, 2025
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In this short clip from Macro-To-Micro Options Power Hour recorded on April 16, 2025, Samantha LaDuc and Hans Albrecht discuss how gold has effectively replaced long bonds and the VIX as the market’s go-to safety hedge.
They explain that rising fiscal spending, geopolitical risks, and dollar weakness are fueling the gold rally, with miners also benefiting from falling energy costs.
However, they warn that the trade is becoming dangerously crowded and parabolic, suggesting it may be nearing exhaustion.
While Hans notes signs of speculative froth in gold's volatility skew, Samantha emphasizes that this runaway move reflects growing market fragility and deep investor fear about macro instability.
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