12th November 2013 — Speculative buy: oil at $95.71

In August’s issue of SpreadBet Magazine I wrote that the Gold/Oil ratio suggested gold was due a rally and/or oil was due a pullback. Although I have remained bullish on gold throughout the summer, at the time I thought it more likely that there was a decent opportunity to short oil. And so there proved to be.

(As an aside if you haven’t added the Gold/Oil ratio to your watch list it probably is time you did…)

 

To continue reading this article please click here to visit www.spreadbetmagazine.com