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:
click for larger graph
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
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Don't let nominal price comparisons fool you. Gold is still (relatively) cheap.... [Read More]
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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
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