In this article I go deeper into the "China play" on this gold dip.
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| Chart 1: Dow Gold Ratio Short Term |
Tuesday, 8 May 2012
Status on the Dow-Gold Ratio
Posted on 09:11 by Unknown
Gold has been doing miserably on negative news in Europe. As a result the Dow/Gold ratio has been going up since Europe has been implementing LTRO I and LTRO II late 2011. I believe we will have support now at Dow/Gold ratio of 9 and it could be time to sell the Dow and buy gold (Chart 1).
In this article I go deeper into the "China play" on this gold dip.
In this article I go deeper into the "China play" on this gold dip.
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