The Crude oil sell off will end, this ratio says that we are nearly done!
The crude oil to gold ratio from 1970s shows that the high $30s or low $40s is likely to be the bottom. You can also bet that a base will form so there is no rush. This chart is one to watch.
"Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader" ~ Jesse Livermore
"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected" ~ George Soros
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