Gold volatility, both realized and implied via GLD options, has dropped to the lowest levels since the April crash:

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Gold_Dormant

The average true range (Daily ATR-14) and CBOE gold volatility index (GVZ) are at their lowest levels since the April crash as gold flounders near the $1275 level. Major support remains near $1250 with the recent price magnet above near $1320 and the October high at $1361. 

Something tells me that this period of dormancy will be short lived as we approach year end, a possible QE announcement from the European Central Bank, and a leadership transition at the Federal Reserve........