Thursday 11 February 2016

Gold:oil ratio hits 43 as markets start to shakeout.

Gold:oil ratio is now 43. It broke out above a 30-year high at 33.30 some weeks ago, rocketed to 39, backed off to test support at 33 and now - voom! It's 43.

As far as I can tell from research of historic prices, the only time gold:oil was around 40 was around 1933 and that was not a very good year for the financial system.





Monday 1 February 2016

Gold:WTIC oil ratio is back-testing its breakout above 33.

Taking a look at the charts this afternoon, I noticed that the Gold:WTIC oil ratio is back-testing its breakout above 33 at the very right hand end of the chart, after a very brief visit to 39:

goldoil goldwtic wtic oil backtesting testing 33

gold wtic oil goldwtic ratio backtest 33 line