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baystock1

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Re: hinchback post# 15093

Sunday, 12/14/2014 11:52:52 PM

Sunday, December 14, 2014 11:52:52 PM

Post# of 63744
current price of gold = $1800 based on the historic gold/oil ratio of around 15. This ratio has made a 3 year high on the weekly chart. We will need to see it hold at these lofty levels for several weeks or more before the markets start to believe that this more than just a blow of spike:
http://stockcharts.com/freecharts/gallery.html?$GOLD:$WTIC

As already mentioned on this thread, the significance of rising gold price relative to oil is that it reflects very favorably on decreasing input costs and thus rising profit margins.


http://thedailygold.com/precious-metals-starting-show-bullish-signs/
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