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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (85402)2/11/2009 5:56:31 PM
From: Pacing The Cage  Read Replies (1) | Respond to of 94695
 
Re:"IM short gold and long oil"

Did you happen to read last paragraph from the link you provided?
Be careful!

"if the GOR trading range remains intact and mean reverts, the lion’s share of this reversion must be driven by a major gold upleg. Oil fundamentals are far too tight for it to fall much beyond a correction and it really won’t take much investment capital in the grand scheme of things to catapult gold higher."



To: Terry Whitman who wrote (85402)2/12/2009 2:00:19 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
The ratio kinda came back from the other extreme this Summer,
way below historic lows. I guess if you inverted the chart,
then the ratio would have to get to 60 to be at the kind
of extreme it was this Summer. -g-