GOLD 0.51% $1,391.7 gold futures

No. Keep trying, not even close. Maybe 2018 at the very...

  1. 1,937 Posts.
    No. Keep trying, not even close. Maybe 2018 at the very earliest, 2020 if at all.


    As for the gold oil ratio - whipped this up using Brent. Using one value is pointless as the ratio rises (consistently) on oil price dips. My guess is 21 for the current price dip.


    Which makes for 1155 on a 55 price dump using 21 or 1200 using 60 for brent and 20 ratio. Interesting that the ratio is downwards sloping though. Correlation is implied, and does not rule out both prices trending down lower together.

    Gold/Brent ratio currently sits at 16.6 as of today.
 
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