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If you think oil is cheap in dollars, it's even cheaper in gold - MarketWatch
MarketWatch | If you think oil is cheap in dollars, it's even cheaper in gold MarketWatch It takes 33.3 barrels of oil CLG6, -0.51% to buy a troy ounce of gold GCG6, -0.52% ($1,109 divided by $33.27), Colas writes. That's the highest ratio since 1988 based on month-end averages. It's also well above the 30-year average of 17.0. That means ... |
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