good time to start looking for buying opportunities in the gold stocks
Ahhh, the summer gold trading doldrums are just about over. Trading volume and prices are poised to increase into the fall rally. I'm looking for the gold price to move toward the 1:15 ratio it traditionally has with crude. Gold likes to trade at 15x the price of one barrel of crude. That would put the gold price at about $1155/ounce. Sounds good to me. With all the mayhen in the middle east there is little chance that the price of oil will be coming down. That means to move toward the 1:15 ratio gold can be expected to rise in a big way.
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