Before The Fed: Gold Trading Evaporates, Thinnest Vol. Traded in 2015 - The VIX is Down - Stocks on The Rise!

Gold volume was about 47 percent below the 100-day average, and Tuesday saw the lightest trading all year, according to Comex data compiled by Bloomberg. Gold futures for December delivery slipped 0.5 percent to settle at $1,102.60 an ounce at 1:44 p.m. on the Comex in New York.

The CBOE Volatility Index, a measure of how panicked investors are about the stock market—is down again today. It's been mostly in a downtrend for three weeks, ever since briefly spiking over 50. Evidently it's implying that traders believe the Fed decision this week is not going to create a lot of volatility (whether they raise rates or not). At 22, the VIX is reflecting a move of roughly 2% up or down in the S&P 500 in the near-term. That's not much; many think given the uncertainty about the implications of a rate hike, the VIX should be in the 30s.

Are "Big-Game" investors telling us Global growth (NOT THE FED) is the issue and clearly the most concern for U.S. markets?..