Must sell gold?? Ratio Gold / Silver is being watched, currently at 65. Ratio Gold / Oil is at 15.
Must sell gold?? Ratio Gold / Silver is being watched, currently at 65. Ratio Gold / Oil is at 15.
We talked about the ratios, particularly the ratio Gold / Oil in July 2008. (I was employee of Realtime Forex, Ex-RTFX!!!). This ratio was then at 6.5 while it is currently above 15. This relatively high ratio could attract some investors to sell gold and buy oil.
[B][SIZE="2"]Another ratio that is very popular with investors is that of gold against silver[/SIZE].[/B]
Below, the price of an ounce of gold in Dollars and of an ounce of silver in Dollars:
[IMG]http://www.rtfx.com/images/news/RATIOORARGENT011209.gif[/IMG]
[B][SIZE="2"]Gold / Silver Ratio:[/SIZE][/B]
[IMG]http://www.rtfx.com/images/news/RATIOorar2.gif[/IMG]
We note that when Gold rose to $ 1,032 an ounce in March 2008 and silver at $ 21.37 per ounce, this ratio was the lowest in the past two years at 48.29. This ratio subsequently increased to a maximum of 83.20 in October 2008, this leading perhaps to the massive increase in the Gold / Oil ratio mentioned above. As the graph of gold / silver ratio shows, the ratio of 50 could attract the attention of some investors.
Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 23 31 00 00
Fax: +356 21 41 24 58
Web: [url]www.rtfx.com[/url]
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