Friday, January 23, 2015

Today Oil Is Extremely Undervalued Against Gold - Expect A Violent Oil Price Appreciation

Please, look at the chart below:

Looking at the chart "Oil against gold" we could easily spot that these days the oil is extremely undervalued against gold. Due to the assumption that gold, as the ultimate currency, expresses the real value of everything, I could put a thesis that the price of oil is at its cheapest levles since 1983.
If the pattern repeats itself, expect the price of oil to start going higher.

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