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The Gold-Oil Ratio: Another Look
Posted on July 28, 2008
The Gold Oil Ratio [GOR] had been in a bottoming stance since May (see Gold-Oil Ratio: Bottoming) and that bottoming stance - after a final capitulation plunge that never broke the bullish divergence - has now yielded the expected upturn in gold vs. crude.Meanwhile, as the inflation/deflation debate rages on commodity bulls and oil bubble participants cannot unwind their positions fast enough. Last month we looked at Gold vs. the stock market (Dow & Gold: Very Different 'Bull' Markets) and today w...
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