Gold to Oil Ratio Picture

dots Posted on April 29, 2008 , Filed Under Stocks

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.

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