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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (15615)1/20/2016 3:05:37 PM
From: CashWhoreRead Replies (1) | Respond to of 203630
 
I went long HUC today, none of that double leveraged crap for me.

I smell the blood, i hear the goofs(imo)(15 dollar a barrel) and see good risk reward. $40 a barrel is 50%. Will we ever see 40? i think easily. In this manipulated market, all it would take is an iranian fart released in saudi arabia



To: Goose94 who wrote (15615)1/21/2016 9:06:22 AM
From: Goose94Respond to of 203630
 
Oil-to-gold ratio hitting all-time high



Gold/Crude Oil Ratio Just Hit New All-Time High!

On December 18th when the Gold/WTI Crude Oil Ratio surpassed 30, NIA predicted that we would see it rise above the 1973 all-time high of 35.39 in early 2016 and that it would be the bottom for WTI Crude Oil! At 1:38PMEST this afternoon, WTI Crude Oil fell to a low of $30.86 per barrel vs. gold at that moment trading for $1,097.90 per oz. This marks an official new all-time high for the Gold/WTI Crude Oil Ratio of 35.56 – nearly 4 standard deviations above its 1968-2016 average of 13.84!



Never before in history has the real value of WTI Crude Oil been this low! This could be the bottom for WTI Crude Oil, which is now trading for -63.91% below its 5-year average!