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 . . .
Source:
Gold/Oil Ratio Extremes 3
Adam Hamilton
Zeal, August 19, 2005
http://www.zealllc.com/2005/gorex3.htm
Friday, September 16, 2005 | 03:07 PM | Permalink
| Comments (10)
| TrackBack (1)
add to de.li.cious |
digg this! |
add to technorati |
email this post

TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83424e1bc53ef
Listed below are links to weblogs that reference Real Gold versus Real Oil:
» Real Gold versus Real Oil from The Crooked Links
Don't let nominal price comparisons fool you. Gold is still (relatively) cheap.... [Read More]
Tracked on Sep 16, 2005 10:59:45 PM
Comments
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
The comments to this entry are closed.