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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse, Oil, Research more

Has oil turned the corner versus Gold?

Posted on 17 March 2009

From Bigtrends.com: The relationship between Gold and Oil prices has long been examined and there are many theories about it. Let’s take a look at the recent relative performance of these 2 key bellwether commodities and see if any trend changes are emerging.

We will use USO as a proxy for Oil, USO is the U.S. Oil Fund ETF which seeks to reflect the spot price of West Texas light sweet crude oil. For Gold, we will use GLD, which is the SPDR Gold Shares ETF that emulates thte Gold Bullion price….. Full Article: Source


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VRS - who has written 40596 posts on Opalesque Commodities Briefing.


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