|Simple Trading Ideas||
Below is the volatility chart for the Gold SPDR, GLD with the price chart for the same time period. Historical volatility and implied volatility is back in the lower range we haven't seen since June. It's easy to notice a negative correlation between implied volatility and the price chart. Also notice how the two converged since the beginning of August. Another thing I would notice is that implied volatility is moving slightly higher and crossed above historical volatility. The question is at what point they will diverge again and whether prices will move further up or decline.