Many of you replied to my graph about 25 barrels of oil for 1 oz of Gold chart and wanted to see more time. If you click on the time scale on the chart, you can see more time going back to 1990.
You can see how there is no quarterly low above 25 and there are peaks up to 27 and just over 28.
Time will tell if the past is a useful reference for the present.
Tim 1:08PM Friday, January 9, 2015 25.53 ratio XAUUSD/CL1! Gold/Crude Oil
You can see how there is no quarterly low above 25 and there are peaks up to 27 and just over 28.
Time will tell if the past is a useful reference for the present.
Tim 1:08PM Friday, January 9, 2015 25.53 ratio XAUUSD/CL1! Gold/Crude Oil
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One ounce of gold shot up to nearly 46 barrels of oil!
Now that is a serious supply glut!
Tim March 31, 2017 5:09PM EST