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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (20888)5/6/2004 7:52:13 PM
From: sea_urchin  Read Replies (2) | Respond to of 81226
 
Oil appears to have broken through the very long-term resistance. Very worrying. Sign of more bad things to come.

stockcharts.com[w,a]dalaynay[dj][pd200,2][ilb14!la12,26,9]

stockcharts.com[w,a]dallynay[dm][pd200,2]

I can remember people on this thread saying that the oil price would fall from about $26 to $10 after the Iraq invasion when, in fact, the very opposite has happened.

And this is the ratio of the gold price to the oil price

stockcharts.com[w,a]dallynay[dm][pd200,2]

Gold, as a hedge, is not keeping up to the oil price and right now appears very weak in comparison. In fact, it looks like it may not even hold a 10:1 price ratio. In the long term, even the XAU hasn't kept up to the oil price.

stockcharts.com[w,a]dallynay[dm][pd200,2]