TheMacroStrategist

#Gold Volatility Signalling Further Declines?

COMEX:GC1!   Gold Futures
This is an excerpt from the Parallax Report, originally published the week of October 15. For more information, please visit @themacrostrat.

"Unlike the usual relationship between volatility and equities, gold and gold volatility trade in tandem; and gold volatility ( GVX ) continues to grind lower since gold failed to gain momentum above $1,550 which is trending neatly within a descending channel .

If we breakdown gold volatility further, when the standard deviation spikes above 1 with the 30-day ROC trending lower, we see lower gold prices. The ROC is maintaining negative territory while the volatility sigma continues to slide lower."

Nar-term TACVOL range is 1520/1474.
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- The Macro Strategist
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