GOLD 0.51% $1,391.7 gold futures

Very interesting:"Soros finally shorted oil at $137 a barrel and...

  1. 9,081 Posts.
    Very interesting:


    "Soros finally shorted oil at $137 a barrel and put on a long position in gold; he expects to see gold hold its ground even if oil continues to decline. In fact, the gold bug clique believes in a consistent 10-to-1 ratio for gold and oil. It holds that either gold will rise to 10 times a barrel of oil ($1,350 an ounce) or oil will fall to $96 a barrel--one-tenth the present market price of gold. Croesus was told Tuesday that statistics spanning many decades support, on average, this 10-to-1 ratio"

    http://www.jsmineset.com/
 
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