Sitting PrettyVXX was up 8.55% percent today...quite a pop! It shows how quickly the market can turn. Looking at the Dow chart, a massive sell-off could be starting. Heading into September, generally the worst month for stocks, gold could do very well. I think we are '"sitting pretty"here at MXI.
Gold has been a real dog for the past year and a half, but dogs are supposed to be mans best friend. Whatever happens the next 2 months...it's going to be wild! I was trying to nibble today.