Gold (priced in Swiss Francs) is challenging all-time record high price
- Posted by PeterLBrandt
- on September 7th, 2012
The Gold/Swiss Franc ratio has been the leading indicator of Gold for years
I pay a lot of attention to Gold priced in Swiss Francs (Gold/Swiss ratio). It has been a leading indicator for years.
The advance this past week has put the Gold/CHF ratio near all-time highs. A decisive close above CHF 1643.7 would be an all-time high and would indicate further strength, possibly an advance to CHF 1835/oz. The charts below show the Gold/CHF ratio on a monthly, weekly and daily basis.
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Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More »