Loading ...Gold to WTIC oil ratio daily
Recently when oil touched at $26 the ratio registered highest level in decades at 45.
Then I thought some thing need to give way.
Now it appears the ratio is building a top HnS. Soon oil will bottom by summer and will join Gold bull run togather and ratio will revert back to norm around range of 10 to 15.
I’ve been watching this too. With gold headed where it is, I’ll be buying energy again at anything under $32 WTIC – if gold spikes, that figure will be higher.
What I suspect is the SM will fall to new lows taking oil with it (oil is NOT leading the SM IMO), then at a new SM low (GOR over 40), oil will break free of the trend.