One of the really leading indicators for "exceptional" financial Situations, in order not to say turmoil, was always the Gold
Ratio. In April we completed a Head and Shoulders
Formation targeting the long term average of about 15 (currently about 29-30). So what is it telling us? Hmmm, With the current Oil
Price at 46 the Gold
price should be at 690-700. With the current Gold
Price Crude should be at about 100-105... With Gold
Price going above 2000 as some people suggest, the Crude price should be above 130... Keep this in mind since Gold
/ Crude Ratio is most likely targeting 23 Region this year... And stay Rational Folks!