Mike McGlone: U.S. stock volatility is low, gold is close to historical highs in relative US debt

On 3 September, Mike McGlone, a Pembo commodity strategist, stated that the current United States stock market volatility was at its lowest level relative to gold since 2007 and that the ratio of SPDR gold ETF to iShares over 20 years old was close to the highest ever. Mike McGlone noted that very low stock market volatility had occurred on the eve of the 2008 financial crisis。