Real Gold versus Real Oil
Earlier today, Gary Evans directed me to this chart.
By coinicidence, CNBC's Ron Insana featured a very similar chart this afternoon:
The chart suggests that Gold has a lot higher to go . . .
Gold/Oil Ratio Extremes 3
Zeal, August 19, 2005
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Tracked on Sep 16, 2005 10:59:45 PM
The correlation between these two series is only 0.5.
I know, the chart looks a lot stronger.
Posted by: spencer | Sep 16, 2005 3:34:57 PM
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