XME/GDX Ratio: Long-Term Pair Trade Signal Emerges
Image Source: Unsplash
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.
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