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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (83351)4/20/2007 7:25:21 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 206326
 
Ratio = WTIC price divided by USO price, so from the chart prior 2006 USO tracked oil pretty well (ratio close to 1 and the graph is flat).

Since 2006 crude price divided by USO price is considerably greater than 1. Hence the chart is rising meaning USO is not tracking crude price that well. Crude is outperforming USO.

Al