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Cycles Against Trends (guest: Alfonso Peccatiello)

The Market Huddle

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The UVX Y Reverse Split Is the 11th Since It Was Launched in 2011

I think there will be a big gold bull market, especially when the Fed is in some sort of a future easing cycle. But that's not anything imminent. And I think it could be a lot of short term chop in gold. When you have gold offering an option skew, that's a clean smile and you're able to pretty much be able to do very clean zero cost collars on gold. It's never been cheaper to hedge this market. Not for a while. The wealth destruction and this thing of people buying VIX is throughout the years is monstrous. Just to figure out how many dollars has been spent doing that. How many people have you been using the VIX to hedge

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