Am long Gold at 1680.14 and short S&P at 1247.47 at a ratio of 0.231:0.311.
The time frame on this trade is a number of weeks, possibly months.
The expectation is that the basis between Gold and Equities (recently widened up significantly) will close for both fundamental reasons (based around monetary easing and a possible re-emergence of "safe haven" status) and for technical reasons (see chart for trendline support and strong support at 1600).
The trade is currently showing a small loss, my position is relatively small, expecting a big move.
Happy to answer qus about this trade,