Gold to Oil Ratio Picture
Posted on April 29, 2008 , filed under Stocks | Print This Post
I found the image above at kitcocasey.com and it clearly illustrates the earlier gold to oil ratio that I wrote about. In the image, notice how when the red line representing oil, crosses the yellow line representing gold the ratio is approximately 10:1. If oil prices remain strong, gold will have a long way to rebound to match the historical ratio.
I suspect that the USD index may rebound to 75 levels causing a downward trend for physical gold and doubly so for gold stocks.
Related posts:
- Historical Gold to Oil Ratio and How to Monitor the Next Wave of Gold Equity Investments
- Gold’s downward spiral
- The COT Report and An Emerging Uptrend
- 8 Working Days Left, Be a Part of the RUSH
- CDE and UXG Update



![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[USD Chart, Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
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