Friday, August 19, 2011

Chart of the day is...

...the gold/copper ratio over the last three years.

Yep i'm still totally obsessed by gold and copper, that's needs an apology. While I'm at it, I'll take the chance to apologize for my compulsive/obsessive behaviour in general.

I digress. So here's the gold/copper ratio and it's flashing up the same kind of signals you can find over at the gold/oil ratio, just for one. Question is, will this top out now like it did mid 2010, or are we going to start climbing higher and match the 2008/2009 spike? You be the judge!

And here's one for all us gold longs (even the rampant goldbug types as, fortunately, there's enough love for everyone in this world including those who prefer to hate for a living):