GOLD VOLATILITY INDEX

GVZ is the symbol for the gold volatility index. It is to gold as the VIX is to the market. As you can see from the screen shot, GVZ is at a low. When the GVZ moves up, gold moves down and when GVZ moves down, gold moves up. Since GVZ is at or near a low, I would not expect a big up move in gold, in fact I would expect gold to move lower. Left click on picture to see entire screen shot.