What are you tracking here, is it the relationship between Implied & Historical vol? Is the "crossover" important or just the general trend..?
It's strange/interesting to me that we see Gold drop as vol decreases - This seems to be the exact opposite of what we see in equities? So I guess this is a tale of Gold being a "Risk Off" asset that tends to get bid during periods of Market Fear.
It's strange/interesting to me that we see Gold drop as vol decreases - This seems to be the exact opposite of what we see in equities? So I guess this is a tale of Gold being a "Risk Off" asset that tends to get bid during periods of Market Fear.