2) Gold is sharply lower. Cbot gold trading had another serious malfunction today (not the first one this year…), AMEX GOLD BUGS INDEX is down 6.67% for the day.
3) The Dow / Gold ratio is nearing completion of an A-B-C correction wave – in my opinion.
4) The Gold/Oil ratio closed above its 200 weekly moving average for the first time since early 2004.
for more information and charts of gold ratios, See this post : The importance of the Dow Jones / Gold, Gold / Oil & Gold / Silver ratios.
See also HUI/Gold ratio.
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