Gold to Oil Ratio Picture

dots Posted on April 29, 2008 , filed under Stocks | Print This Post

The Gold to Oil Ratio

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.

Add this post to your favorite social networking site

  • del.icio.us
  • Reddit
  • Digg
  • StumbleUpon
  • Propeller

Related posts:

Comments

RSS feed | Trackback URI

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.