Archived IMT (2010.04.16)
GOLD/OIL RATIO & STOCKS RELATIONSHIP. GOLD/OIL CHART http://chart.ly/gnf2h2 On April 7, we warned in the FXStreet Online ITC Conference that each time the GOLD/OIL ratio reaches multimonth lows, any subsequent recovery in the ratio is accompanied by a decline in OIL (oil being the denominator starts to fall), which ALWAYS LEADS to a DECLINE in STOCKS within the subsequent 5-7 days. This is the SAME RATIONALE USED in Chapter 6 of my book http://www.ashraflaidi.com/book/ which shows how multi-year Gold/Oil ratio always led to recession or/and Fed rate cuts. In this case, a recovery in the ratio means rising equities could no longer hold in the face of falling oil. MORE ON SEC's GOLDMAN COMPLAINT in THIS FORUM THREAD http://bit.ly/90aNJ9
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