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S&P 500
5,346.56
(
-1.84%
)
US TECH 100
17,900.00
(
-2.65%
)
Dow Jones
39,737.26
(
-1.51%
)
Brent Oil
77.36
(
0.00%
)
Bitcoin
60,564.84
(
-1.40%
)
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mdimport

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mdimport

Re: goldismoney1 post# 39730

Wednesday, 08/26/2015 1:35:11 PM

Wednesday, August 26, 2015 1:35:11 PM

Post# of 63744
Gold to Oil ratio is signalling massive deflation:

Gold: $1,124
Oil: $39

Ratio: 28.8

In a normalized market the ratio should be around 15/16. So the change in gold prices to bring the ratio back into balance:

16 / 28.8 x $1,124 ~ $624 / oz gold

Of course the ratio could be normalized by a rise in oil prices or some combination of a fall in gold and rise in oil.

The paradox of iHub: buy high, sell low

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