Ropa vs Zlato
Nedávny výkon ropy posunul pomer čierneho zlata k žltému na 7-1, čo je veľmi hlboko pod historický priemer 12-1. Je čas na nákup zlata?
With all the hoopla in the financial markets centered on the price of oil futures recently, investors looking to Buy Gold are feeling a little pushed out of shape, writes Brad Zigler of Hard Assets Investor – or at least, pushed out of the limelight.
Near-term weakness in the Gold Price, of course, hasn't helped. The metal fared well in the last week's late trade, but that was consolidation after the sell-off which was, in itself, a continuation of the two-month slide in bullion prices.
The call for a rally in the yellow metal presently ensues because the Gold-Oil Ratio has sunk well below its historic range of 12-to-1. Now at 7-to-1, one pundit claims "the [ratio] is now down in the area near the ridiculous 2005 bottom."
Ridiculous? Well, I guess in hindsight it seems so. We all know what happened to gold prices after 2005. But is that reason enough to Buy Gold now?
Seeing this strength in Gold vs. the gold miners traded on the North American stock exchanges right now, it seems a little early yet to declare a sharp turnaround in gold bullion's fortunes.
Those half-full glasses, in fact, may have to be drained before the bulls stand up for the next round.
Článok: www.commodityonline.com/news/topstory/IsCrudeoilsurgingagainstGoldpricesratio-9302-3.html
12.06.2008