gold - oil ratio
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Started by bear - Nov. 16, 2020, 9:53 a.m.

this ratio as of today is at 45.   gold is incredibly expensive compared to oil.  

this does not tell us what will happen next week.  but... if you are one to take a long term view, you should have a long oil position.  

this tells me, the no matter who ends up as president,  the economy should be recovering from our panic over the next few years.  oil demand should go up.  

the long term average for this ratio is closer to about 15 to 1 ...

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