The gold:oil ratio is now 43. It already broke out above a thirty year high at 33.30 weeks ago, went to 39, backed off to re-test 33 and now voom! It’s 43.

As far as I can tell the only time gold:oil was around 40 was in about 1933 and that was not a very good year for the financial system.

This is the region where a barrel of oil is worth less than a gram of gold by the way.

http://1000gold.blogspot.co.uk/2016/02/goldoil-ratio-hits-43-as-markets-start.html

goldoilratio 43 2year chart tested 33

gold-oil ratio rpg now 43

JUST OUT OF CURIOSITY, I thought one minute ago … how about silver? It must be back to around a silver: oil ratio of 0.5:1 … and it is. In fact, silver has just broken above its 33-year high relative to oil.

silver oil ratio broken out sc line 537