Last Week in Gold and Oil Volatility – 8/11/2013

The SPDR Gold Shares (GLD – 126.86) ETF rose 0.50 on the week after giving a head fake that lower levels were on the horizon.  There are gold bulls and gold bears – all of which are equally vocal these days – and neither can really claim victory this past week.  The small weekly change along with a fairly narrow high low range for the week in GLD resulted in a drop in gold volatility.  GVZ was off 11% to 21.50.  Another week of quite like this and we may reach some post April lows in GVZ and return to the high teens.

Oil futures and the United States Oil (USO – 37.59) ETF were lower which pushed OVX slightly higher for the week.  The futures did not follow at all with the August contract unchanged and the other three months lower across the board.  The result is an interesting twist of the two curves on the diagram below.

GVZ OVX

The posts on this blog are opinions, not advice.
Please read our disclaimer for Indices.

Post a Comment

Thank you for submitting a comment. We ask you to use the comment guidelines to promote thoughtful and productive discussions. Your comment will be approved before it will be posted. Thank you for your patience.

Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • CATEGORIES

  • Recent Comments

  • Tags

  • authors

  •  

  • Quick Links

  • Blogroll

  • Follow Us

    RSSTwitterFacebookLinkedInYouTube
  • Archives