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Updating The Gold-Oil Ratio (GOR)

|Includes:GDX, GDXJ, SPDR Gold Trust ETF (GLD), USO

We looked at the Gold-Oil Ratio (GOR) among other elements of the RPG (gold's 'real' price) in this post from May. Today we update the GOR by daily chart and see a target up higher for this 'over bought' ratio.

This is important to the gold mining fundamental picture and as it rises, so too do the implied sector fundamentals for the people that dig the monetary anchor out of the ground.

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