A commenter requested a chart similar to the one from 1980 to the present but from 1998 to the present. As much as it may seems so, I honestly did not "load" the data sets to present what I wanted to see, MZM data only went back to 1980 so that is what I used. I may see if they have measures before that date when I have the time.
Here it is.
As you can see, gold is outpacing MZM by a ratio of 2 - this was reached by the Dow:MZM around 1996. Also despite MZM going up by a factor of 3, the stock indexes have not gotten off the floor.
These three time frames have continued to levitate.
The VIX continues its downtrend. Still a little room to the downside for price, TSV and RSI. I really don't know how it could get much more complacent.. especially during a Fed minutes week. We will have to watch to see if we break out of the downtrend.
Remember who brought you the July 31st 2011 VIX triangle end point a few months in advance?
"Thermodynamic miracles... events with odds against so astronomical
they're effectively impossible, like oxygen spontaneously becoming gold.
I long to observe such a thing. And yet, in each human coupling, a
thousand million sperm vie for a single egg. Multiply those odds by
countless generations, against the odds of your ancestors being alive;
meeting; siring this precise son; that exact daughter... Until your
mother loves a man she has every reason to hate, and of that union, of
the thousand million children competing for fertilization, it was you,
only you, that emerged. To distill so specific a form from that chaos of
improbability, like turning air to gold... that is the crowning
unlikelihood. The thermodynamic miracle."
Dr. Manhattan
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