Welcome To The Golden Minerals HUB On AGORACOM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Gold vs. Oil Ratio
As Bigpic alluded to earlier this week, the gold vs. oil ratio witnessed a trend change this week. With large amounts of oil funds on the sidelines right now, it is just a matter of time before they start searching for a new home.
Regards - VHF
-
Gold vs. Oil
by: Hard Assets Investor posted on: July 18, 2008
By Brad Zigler
This week's oil sell-off begs for a little attention to the gold/oil ratio. This week, the ratio rallied in gold's favor from its month-long base.
Gold/Oil Ratio On The Move
The ratio measures gold's purchasing power relative to the price of oil, and it's considered a predictor of gold mining stock margins.
Now at 7.5, the ratio indicates that an ounce of gold can buy 7.5 barrels of oil. That's up "one barrel" from June, breaking to the upside of the ratio's 50-day moving average. The next upside target is 8.4 "barrels."
-
-
New Message
Please
login
to post a reply