Bona fide breakout in gold:oil ratio?
Further to my posts at:
http://goldtadise.com/?p=359379
The Gold:Oil ratio just exceeded its 36 year high.
http://goldtadise.com/?p=358474
I just looked at this chart and it shocked me.
Gold:CRB long term chart (46 years). Rocket ship.
I just had some fun drawing parabolas on the Gold:WTIC oil chart. Parabola city. I was looking for lines where support turned into resistance in the early part of the chart and back to support in the later part of the chart.
Gold:WTIC has just rocketed above horizontal resistance at 33.30 to a new high at 35.94.