Another vix/gsr/dxy similar chart…  has been trending down past many days… signaling gold (and miners) possible bullish trend resumption.

Extract from: http://www.cboe.com/products/vix-index-volatility/volatility-on-etfs/cboe-gold-etf-volatility-index-gvz

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The Cboe Gold ETF Volatility Index (“Gold VIX”, Ticker – GVZ) measures the market’s expectation of 30-day volatility of gold prices by applying the VIX methodology to options on SPDR Gold Shares (Ticker – GLD). Like other indexes using the VIX methodology, GVZ uses options spanning a wide range of strike prices.

GLD is an exchange-traded fund (ETF) that represents fractional, undivided interest in the SPDR Gold Trust, which primarily holds gold bullion. As such, the performance of GLD is intended to reflect the spot price of gold, less fund expenses.

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