good time to start looking for buying opportunities in the gold stocks

[purewonka]

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.

[Goldseller]

Originally Posted by purewonka

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.

Good news.

[opacs]

We need to see some sustained increase in oil prices and decrease in US$
before gold moves upward. If the fund managers keep up their selling, we could see $540 or lower. Watch for support at $550. If we don't see support at $550 we will see a rapid drop to $500 and a long road to $600.

[ariemas05]

Originally Posted by Goldseller

Good news.

im still confuse to get a formula to convert from index price to per gram or kilo gram (see per gram chart)

pls help me

thanks