Yes, the stock market has been collapsing, but with gold remaining strong and the price of crude oil collapsing, the Gold/Oil Ratio is skyrocketing!
KWN: November 7, 2018…
The following chart and commentary was published by King World News on November 7, 2018:
King World News note: As you can see from the chart below, the Gold/Oil ratio is decisively in favor of gold at this point in the cycle.
The Gold/Oil ratio should remain strongly in favor of gold, so expect the ratio to expand over time. Meaning, the price of gold will continue to outperform oil for many years to come…
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Fast forward to today…
Gold/Oil Ratio Skyrockets To All-Time Record 54/1!
What Does It All Mean?
In November of 2018, King World News warned its global readers that the Dow/Gold ratio had turned decisively in favor of gold. Since that time the Gold/Oil ratio has skyrocketed from below 20:1 in 2018 to a jaw-dropping 54:1 today! It is incredibly extended above its long-term median average of 15.5. This indicates how fragile the global financial system really is at this point in history. Meaning, what we are seeing can now only be compared to what took place during the Great Depression. Meanwhile, gold investors must remain patient. As global stock markets plunge this time around, unlike 2008, gold has been rallying and attacking the key $1,700 level. This is exactly how gold normally trades during a major plunge in stock markets. Expect that trend to continue.
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