Saturday, January 14, 2006

Gold Oil ratio

The gold oil ratio is still historically very low, in other words: gold is still cheap also when compared to oil.

See my previous review of gold oil ratio (weekly chart):
http://globalgold.blogspot.com/2005_12_25_globalgold_archive.html
Oil itself has more then a few bullish fundamentals and seems at the beginning of a recovery from the latest correction. see oil charts here:
http://cmd-chart.blogspot.com
Overall and in my opinion both Gold and Oil are headed higher in 2006 but gold should finally outperform.

Click on the chart below to enlarge:

Gold Oil ratio chart

1 comment:

Donald Schwartz said...

Hi real1,


I like your sharp style and appreciate your work.

Thanks and regards,

Donald Schwartz

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