I was joking, or anticipating "commentary" how it "called" for a short.... but di not take it Sort of like the "adjectives" all this people money mangers use to "foreshadow" like El Erian , they are dealing with random events and using there best to try to discern Just post returns and stats around the return thats all
So these spreads are known by these symbols: GSR: Gold/Silver ratio spread. "Once a reference price is established for Gold, the Gold reference price will be divided by the settlement price of Silver to establish the settlement price of the ratio spread." GPS: Gold - Platinum spread. "Once a reference price is established for Gold, the Platinum settlement price will be subtracted from the reference price of Gold to establish the spread settlement price." PPS: Platinum - Palladium spread. "The settlement for the platinum/palladium spread will be equal to the settlement price for the corresponding settlement price of platinum minus the settlement price of palladium rounded to the nearest PPS tradable tick." http://www.cmegroup.com/confluence/display/EPICSANDBOX/Metals Other than 4 contracts traded on GPSZ6 back in November I don't see a lick of volume on any of these things. He's dead Jim?
For the record, I haven't even bothered to look at these order books as of yet. It is SO difficult for any exchange to introduce a new product.