GDX-SPY ratio

This ratio says 'hey Gah, be long gold stocks and short the broad market' (and if the market clears some moving averages, I'll be short basically nothing).  But more and more, based on fundamental and technical research in NFTRH128, and the letters leading up to it, I feel the risk is limited in the precious metals when taking an intermediate view.  I like the gold stocks in relation to the broads, let's put it that way.

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