🛢⛽️ #CrudeOil / #Gold Ratio 💰💵
$WTI / $GLD has returned back to its 2YR average of between 42-44%
$WTIC / $GC ratio is managing to hold Yellow VBP support implies Oil could potentially base in gold terms
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@trader_ferg https://t.co/bhMejNGmaT
Good stuff Ferg. The inflation vs. deflation debate is important for commodity investors. Listen to this podcast...there's a path to inflation, but it likely involves increased velocity of money which is tough to achieve under current debt overhang.
@tsizzle84 Sentiment is getting short term frothy and I see tourists coming out of the woodwork. Time for a dip. Big boys will shake out more weak hands.
@MacroCRG My concern is there is a lot of techical damage on majority of U charts. The equity component could make them continue bearish trend despite spot moving up (see gold miners)
@tsizzle84 @stianflage@YahCork@larry_kudlow @Vimy_Resources @CruxInvestor Seems like Trump has momentum right now but I don’t think we should underestimate populism after what happened in ‘16. Bernie phased out nuclear in Vermont and, like Trump, is unwavering in his ideology. Let’s see how it plays out