Recently the relationship that has held somewhere around 80% is risk off in equities, gold rises, Risk On in equities, gold falls, that's about 80% so it bucks the trend once in awhile. GLD/DGP are showing very short term trend negative divergences suggesting a pullback/consolidation, but the larger trend represented by the 15 min chart is still very positive. You could trade around this and sell DGP until risk is off, but I am very well hedged here and will keep my DGP long open.
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