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.

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