The ratio (in light blue) between GLD and OIH is at the bottom end of the past 5 year's trading range and is turning up a little here. It could be the start of something and if it isn't, the risk is small.
Look for GLD to outperform OIH (Oil Service Stocks) for the next 3-6 months by 10-15%.
Tim
3:30PM EST Wednesday, May 14, 2014
Look for GLD to outperform OIH (Oil Service Stocks) for the next 3-6 months by 10-15%.
Tim
3:30PM EST Wednesday, May 14, 2014
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.