How do I move RawMovies folder?

It appears that VIRB Edit creates a 720P version of the raw footage as it is imported and stores it in a hidden cache folder called RawMovies. On my system it has grown to over 50GB and I'm running out of room. I would like to move it to the same external disc that stores all my other raw video but I don't see that supported by VIRB Edit. Is there a way to do that simply? I believe it can be done via a series of Linux terminal commands to create a symbolic link. But that seems like a really hard way to address this. I'm sure I'm not the only one with limited free space on the Mac's main disc who wants to move these somewhere else. What is the best way to address this?
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