Loading ...Some Interesting Gold Ratio Charts
CLICK ON CHARTS TO INCREASE THE SIZE FOR A BIG SURPRISE !
1…. GOLD IN CANADA…..EH?
Bottomed in June 2013 !
Has been in a stealth bull market ever since that smash !
Ha…I am in Canada and I didn’t notice
Higher Highs and Higher Lows !
As a matter of fact it has INCREASED over 300 Canadian Dollars an ounce since December !!!
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2……GOLD VS OIL
NUCKEN FUTZ THIS CHART !!!
AS SPOCK POINTS OUT THIS IS WILDLY BULLISH FOR GOLD MINERS
AND MAYBE THE MASSES ARE STARTING TO FIGURE THIS OUT !
WHEN THE PRICE OF YOUR PRODUCT IS SOARING AND THE PRICE OF YOU LARGEST EXPENSE IS CRUMBLING
THATS GOOD…RIGHT ?
HISTORIC HIGHS IN THIS RATIO…OFF THE CHARTS HAS A NEW MEANING !!!
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3…GOLD VS GENERAL COMMODITIES (CRB)…..
WOW
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4…GOLD VS STOCKS (DOW)……
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5…GOLD VS BONDS…………
JUST TOOK OUT A 4 1/2 YEAR DOWNTREND LINE
GOT GOLD ?
Hear Ye, Hear Ye the Gold Bear is DEAD, long live the Gold Bull!!!
I got the PO for the smaller inverse h&s (42) dead right but the values for GOLD resp WTI dead wrong 🙂
http://goldtadise.com/?p=357736
The next POs in line are here:
http://goldtadise.com/?p=362443
That hand is MINE!!!!!!
LOL
it does look Italian
🙂
Question for Fully and anyone else who knows the logistics of how companies hedge prices. Is it possible, and if so, would it be wise for miners to hedge their diesel fuel costs at this historically low oil/gold ratio? I was just thinking that if you could lock in fuel costs at this price for years to come, your profits could be astronomical. Any thoughts?
Great Question Neil
Why Not ?
Buy Oil Futures Options 5 years out…probably a big premium but good plan