Gold/Oil Ratio

Tensions in the Middle East have always had an impact on everyday life around the world through their effect on the price of oil. During the last month we saw this impact very clearly.

This is a concept that comes from Bob Hoye and we’ve written about it extensively. Bob believes that the real price of Gold is what is important for the gold stocks and not the Gold price. The real price of Gold is essentially Gold against Commodities. To be more precise, we look at Gold vs. … Continue reading

Gold looks fantastic. It is breaking away from a consolidation which could be called a running correction. Two weeks ago Gold broke to a new high. Last week Gold retested the breakout and then advanced to another new high at the end of the week. Its textbook bullish action. Yet the gold shares have really … Continue reading

Boredom is starting to slowly reappear in the gold market as multiple attempts to penetrate $1250 on the upside were thwarted. Investor sentiment was bound to come back down to earth, and this correction is doing just that. With precious metals stocks down 10% from their recent peak, latecomers to the party are starting to get nervous. This … Continue reading

A chart of Gold against Oil.