timwest

GOLD GLD IS LOW RELATIVE TO OIH - Oil Service Stocks

Long
AMEX:OIH   VanEck Oil Services ETF
9
The ratio (in light blue) between GLD and OIH is at the bottom end of the past 5 year's trading range and is turning up a little here. It could be the start of something and if it isn't, the risk is small.

Look for GLD to outperform OIH ( Oil Service Stocks) for the next 3-6 months by 10-15%.

Tim

3:30PM EST Wednesday, May 14, 2014

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