Friday, May 10, 2013

Gold/Oil Ratio Falls To 14.96, Slightly Favoring Gold For First Time Since 2008

Gold is presently trading at 1436.60 in after hours trading, oil at 96.04.

We haven't had a buy gold signal like this since 2008, but it's way too early to really say we should buy gold now. A sustained ratio below 15 is required, and this is just the first week of many weeks required below 15 to say buy gold without qualification.

Still, noteworthy.