GLD / GDX Ratio

Gold spot ETF divided by senior gold miners ETF. Rising = miners lagging gold (miner-margin compression). Falling = miners leading gold (risk-on intra-precious-metals).

Category: calculated. Derived metrics combine multiple data sources into single indicators. These are computed server-side so you get the interpreted signal without building the calculation yourself.

API: GET /api/metrics/gld-gdx-ratio

Used in briefings: Commodities Gold, Inflation Hedge, Commodities Momentum, Commodities Full Picture

View all metrics | Browse briefings