Gdx – Gld Spread — Flat

I introduced this spread as a way to capture volatility in the precious metals market.  I noted the risks and highlighted some areas that looked good to me.  I’m now 100% flat in the spread.  GDX served as a great hedge to market risk.  I was actually trading this spread 2.5 * GDX – GLD, but for the sake of consistency, I’ve posted the original ratio.

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