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5/30/08

More on the gold/oil ratio: confirming yesterday's view

(sorry ladies, he's married)

After I mentioned the obvious buy set up of gold shown in the gold/oil ratio in the 'trading post' yesterday, Top TA analyst Gary at biiwii.com has looked at the same relationship.

Here's his post, so go have a looksee for yourself. As usual expect his chart to be better and his technical analysis talk to be more technical (cos this is the dude at work). But interestingly his conclusion is the same as mine:
"For now, the GOR* chart is self-explanatory."

What more do you need to know? Buy gold, dudes.

*gold oil ratio