Some market watchers are unhappy with a volatile market, as gold investors rejoice. The precious metal has surged in the face of investors who are in a flight to safety.
"Every time something goes bad, it's good for gold. Every time something goes good, it's bad for gold," Dan Denbow, assistant vice president at USAA Investments and manager of the USAA Precious Metals and Minerals Fund, said Tuesday on CNBC's "Power Lunch."
Gold futures settled up 1 percent to $1,222.60 an ounce on Tuesday.
Bad news may be on the horizon for gold, however, as the Dow transports are depicting bullish signs, according to a strategist.
Dow transports leading the industrials put into motion the Dow Theory concept, Gene Peroni, senior vice president at Advisors Asset Management, told CNBC's "Power Lunch." on Tuesday.
Last week the Dow Jones industrial average saw its best week for the year, but closed down 1.1 percent Tuesday.