I’ve been watching the XME/GDX ratio for a long while because any pairs trade that seems to adhere to a range even over the course of decades is awfully interesting.
I’ve been watching the XME/GDX ratio for a long while because any pairs trade that seems to adhere to a range even over the course of decades is awfully interesting. It seems to finally be succumbing to the forces of time, which suggests that a long-term pairs trade based on this chart would be (a) short XME and (b) long GDX, the precious metals miners.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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