Browse Symbol Stacks: $GOLD: 20160806_WTIC_GOLD.png

20160806_WTIC_GOLD.png

sell some gold buy some oil

Comments

TombTomb
Dimon I take it this means oil now cheap compared to gold and will go up? 8/8/16
DimonDimon
of course It does not mean that oil will go up. There is high probability that spread between gold and oil will become more tighter in near future. If one have long term investment in gold then one can sell some gold and buy oil-related stocks. If spread become tighter then one can sell oil-related stocks and buy some gold. After this trade one will have more gold despite where prices of gold or oil go. 8/8/16