Tropical Storm Rafael Public Advisory Number 29


000
WTNT33 KNHC 101433
TCPAT3

BULLETIN
Tropical Storm Rafael Advisory Number  29
NWS National Hurricane Center Miami FL       AL182024
900 AM CST Sun Nov 10 2024

...RAFAEL BECOMING LESS ORGANIZED...


SUMMARY OF 900 AM CST...1500 UTC...INFORMATION
----------------------------------------------
LOCATION...26.3N 91.9W
ABOUT 370 MI...600 KM NNW OF PROGRESO MEXICO
MAXIMUM SUSTAINED WINDS...40 MPH...65 KM/H
PRESENT MOVEMENT...NNW OR 345 DEGREES AT 3 MPH...6 KM/H
MINIMUM CENTRAL PRESSURE...1003 MB...29.62 INCHES


WATCHES AND WARNINGS
--------------------
There are no coastal watches or warnings in effect.


DISCUSSION AND OUTLOOK
----------------------
At 900 AM CST (1500 UTC), the center of Tropical Storm Rafael was
located near latitude 26.3 North, longitude 91.9 West. Rafael is
moving toward the north-northwest near 3 mph (6 km/h). The storm
is expected to meander over the central Gulf of Mexico through
tonight, then turn toward the south and south-southwest on Monday
and Tuesday.

Maximum sustained winds are near 40 mph (65 km/h) with higher gusts.
Weakening is expected, and Rafael is forecast to degenerate to a
post-tropical remnant low by Monday.

Tropical-storm-force winds extend outward up to 150 miles (240 km)
from the center. A few hours ago, NOAA buoy 42001 over the central
Gulf of Mexico recorded a sustained wind of 38 mph (61 km/h) with a
gust of 45 mph (72 km/h).

The estimated minimum central pressure is 1003 mb (29.62 inches).


HAZARDS AFFECTING LAND
----------------------
Key messages for Rafael can be found in the Tropical Cyclone
Discussion under AWIPS header MIATCDAT3 and WMO header WTNT43 KNHC
and on the web at hurricanes.gov/text/MIATCDAT3.shtml

SURF: Swells generated by Rafael will continue impacting portions of
the northern and western Gulf Coast through the remainder of this
weekend. These swells are likely to cause life-threatening surf and
rip current conditions. Please consult products from your local
weather office.


NEXT ADVISORY
-------------
Next complete advisory at 300 PM CST.

$$
Forecaster Hagen

Originally Posted at:
NATIONAL HURRICANE CENTER and CENTRAL PACIFIC HURRICANE CENTER
At The NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION

What is the Gold-to-Oil Ratio?

The gold-to-oil ratio expresses the price relationship between gold and West Texas Intermediate (WTI) crude oil. WTI is a grade of crude oil and one of the three primary benchmarks for oil pricing, along with Brent and Dubai Crude.

A high ratio indicates that gold is relatively expensive compared to WTI crude oil, and vice versa. This can indicate periods of outsized demand for energy in the form of crude oil, or periods of monetary uncertainty when there is higher demand for gold.

Below is the gold-to-oil ratio every decade between 1946 and 2024.

During the 1950s and 1960s, fixed gold prices and stable oil prices kept the ratio between 11 and 13 for 20 years.

Since the 1980s, the ratio has typically traded within the range of 6 to 40 with a notable exception: in 2020 when the ratio reached a high of 91.1. The peak in 2020 was driven by COVID-19, which boosted gold prices as a safe haven while oil demand and prices plummeted due to global lockdowns.

In contrast, between 2000 and 2008, oil prices were relatively high compared to gold. During this period, the ratio dropped to nearly 6 but never rose above 16.

When comparing the two commodities, it’s worth remembering that the crude oil market is around 10 times larger than that of gold, making it the largest commodity market in the world.

If you enjoyed this graphic, make sure to check out this graphic that shows the top countries by natural resource value.