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Strategies & Market Trends : The Swamp
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From: ItsAllCyclical9/20/2008 2:23:57 AM
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Looking at longer term charts the last time the gold ratio expanded significantly in a short period of time the XAU gained 250% in about 1.5 years. 85-87 period. At 1,500 gold and 75 oil the ratio = 20. Again it's a mediocre/poor timing tool, but it's another piece in the puzzle. Global slowdown combined w/CB's doing anything they can to prop up the system. Those targets seem very doable. First let's clear 920 again before I get too excited.
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